Calculating ROI of Your Recruiting Processes
EXECUTIVE OVERVIEW —WHAT YOUR CUSTOMERS WORRY ABOUT!
Human capital management has emerged as a core competitive
advantage to any and all businesses. Optimizing the recruiting
process—the ability to attract, recruit, hire and retain top employee
talent—has become a fundamental strategy for industry leaders.
The Human Resource (HR) technology investments and the annual
recruiting budgets these firms allocate towards the recruiting
process, and ultimately, the management of their human assets,
continues to differentiate them in their respective industries.
The evolution of various HR-centric technologies continues
to be a key driver in allowing such organizations to create the
recruiting processes and programs necessary to accelerate and
better measure their human capital performance, as well as the
performance of the vendors they work with. With the ability to
understand and measure the effectiveness of recruiting programs
over the life-time of individual employees, organizations can adapt,
change and optimize these programs, and thus improve the overall
performance of their business.
Investments at each key point of the hiring process aid
organizations in achieving their business goals. In order to
optimize performance, organizations must carefully evaluate the
effectiveness and Return on Investment (ROI) of everything in
the process.
This paper will focus on how recruiting and staffing firms can
evaluate the ROI of recruiting process and how the implementation
of various technologies throughout the recruiting process can
positively impact the ROI of the overall service they provide to their
clients. Topics that will be specifically addressed include:
1. The Importance of Effective Recruiting
2. The Recruiting Process and its Bottlenecks
3. Stigmas associated with HR Technology
4. The Importance of Getting into the Boardroom
5. Recruiting Process Elements to Monitor and Track
6. Best Practices in Evaluating Current Processes, Tools and ROI
7. HireDesk Deployed Core Technologies
8. A recruiting process ROI checklist (see Appendix)
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