Recruiting: Reduce Costs and Reap Results

Published by Alice Snell, on 16/06/2009

Managing costs is a primary business focus for all organizations in any economic climate. The general goal is to optimize business processes and cut operational expenses without diminishing desired outcomes. The ideal result is to reduce costs while also improving business results.

For recruiting—which continues even in the down economy—there are cost reductions and process improvements available especially in the areas of sourcing, assessment, and green recruiting, specifically for expenses for:
• Agencies
• Advertising
• Sourcing
• Turnover
• Paper
• Processing

Real-world examples of results and ROI generated by Taleo customers who have used these strategies include:
• 24% reduction in cost per hire.
• 23% reduction in time to hire.
• Annualized cost savings of $4 million to $10 million.
• Return on investment of 8x to 10x.

The new Taleo Research paper, Recruiting: Reducing Direct Costs and Reaping Results, provides detailed insights into reviewing recruiting practices for acquiring and retaining a high quality workforce. In addition, use our online Recruiting Process Assessment to identify areas of improvement in your recruiting process.