Problem
"Our cost per hire is a significant expense to the
Company. We need to reduce it without compromising our
ability to identify good hires."
Cause
Some costs, like personality and skill assessments, background
checks and drug tests, and travel costs, are purchased and can
only be reduced by decreasing their use. Other costs involve
staff time devoted to processing applicants through the firm's
vetting process which can be reduced through
automation. Conventional processes have an average failure
rate of 46%; so the process, and its costs, have to be repeated
over half the time.
Solution
Reduce overall costs by vetting, assessing, and rank-ordering
candidates automatically, allowing staff to defer their involvement
(and associated cost) in the process-from conducting
interviews and reference checks-to only those candidates most
likely to be hired. Staff time devoted to sorting through
resumes and applications, phone interviews, and multiple
face-to-face interviews are significantly reduced with
Acclaim. Acclaim also minimizes the number of applicants
entering the final, most expensive, stages of the vetting
process. Acclaim's continuous automated recruiting, brand
improvement, and passive candidate appeal also reduce the need, and
cost, of advertising, job board listings, agency fees, and so
on.
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