As with all business process improvement projects, a good ROI case needs to be presented. For most organizations, the ROI from the adoption of a good recruitment system isoverwhelming. It often provides quantifiable payback within 3 months.

When compiling the ROI, a common problem is the lack of hard information on the current hiring performance and costs, which of course is partially due to the fact that there is no system in place. For many CEOs/CFOs having the ability to measure performance is a key part of the justification for the adoption of a solution.

The majority of ROI cases contain two elements:

Quantifiable Benefits Unquantifiable Opportunity Costs

Usually the quantifiable benefits alone are enough to prove the value of the project. The others are a bonus. Each case only differs depending on how companies recruited their staff prior to the modern system, and the size of the organization

Quantifiable Benefits

Unquantifiable Opportunity Costs

Newspapers are the most expensive form of candidate sourcing second to agencies, especially major international publications. The cost effective options available with a recruitmentplatform can reduce or even eliminate this cost.

Newspaper Advertising

With a manual or semi-manual hiring process, corporate recruiters spend a significantproportion of their time on administration. This results in recruiting additional staff to meet hiring targets.

Recruiter Efficiency

The majority of hiring mistakes happen because stressed recruiters are always running short of time. A lengthy hiring process means that by the time an offer goes out, the best candidate has already found employment elsewhere. Calculating the full cost is difficult, so the minimum cost can be used.

Eliminate Hiring Mistakes

This may be enough to provide a good ROI, but of course the much of the real benefit is in the opportunity cost

For any queries or complimentary recruitment process evaluation, please contact:

Top recruiters are far more likely to be attracted to a company that has a proper automated hiring solution. There is a cost to losing good recruiters, and failing to attract goodreplacements.

Talent Pool Of Qualified Candidates

Real Time MIS

Improved Corporate Image & Career Brand

Employee referral programs offer significant savings on advertising and agency fees and provide better quality candidates who are likely to be retained for a longer period

Overall improvement in the quality of people hired and therefore additional businessproductivity

Reduction in the time to fill vacancies and therefore additional business productivity

NetEdge Computing Solutions Pvt Ltd.

www.resourcedatamine.com

Return on Investment Resource Datamine

Sarah Jones

Suite1,46b Thirlmere Avenue

email:sarah@netedgecomputing.comTilehurst, Reading RG30 6XN, United Kingdom

Tele:(208) 819 3987