Why review your recruiting process?

1. Position vacancy costs your business money (revenue and profit) and is probably materially impacting customer service levels.
2. If you are paying contingency search fees for multiple positions, you are probably over spending.
3. Recruiting has gone global - if you are paying US wages for administrative activities associated with recruiting you are probably over spending. 
4. The labor market is generally "tight" with low unemployment which means the best talent has options and does not stay in the market long.  Your processes may not be aligned to capture the best talent.
5. The difference between hiring a great employee and an average employee is calculated to be a 2.4 productivity differential over the first three years of employment.  You may only be sourcing active job seekers or using limited channels and not finding the best talent available.
6. Disjoint recruiting processes often contribute to high turnover within the first 90 days of employment before the employee materially contributes to your company - this hidden cost often excesds the actual cost to hire.
7. If you are not using an applicant tracking system, you lack information for continuous improvement that could lower your costs and improve the quality of hires.

Can you answer the following questions?

1. Is your recruiting process efficient and producing the desired business results?
2. What is your average cost/hire?
3. What are you spending on candidate sourcing?
4. What is your average monthly vacancy rate of budgeted positions?
5. What did your vacancy cost you last quarter in sales or profit?
6. What are the most effective sources for finding qualified candidates and producing the best hires?
7. What is the average time to present the candidates who is ultimately hired?
8. What is the average time to fill a position?
9. How many candidates have withdrawn from the recruiting process after being interviewed?
10. What is your average turnover in the first 90 days of employment?
11. What are the top three reasons why employees leave your company?

If you do not have the answers or would like to know how you may be able to improve the efficiency of your recruiting process, Harbor Light Recruiting has the recruiting expertise to help!
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