Recruiting Case Study
A large accounting department through growth and turnover routinely has about 5-10 openings a year. The employer hoped to fill the positions quickly with the best possible candidate, while keeping costs and time involved as low as possible.
The employer had 2 choices.
1 - It could employ internal HR staff person(s) to focus on resume sourcing and recruiting, and invest the significant time and expense required to post jobs and access/search/screen resumes of the many online career websites.
- Cost of Internal Staff was calculated to be 80 hours for each position
(average of $30-50/hr) = $2,400 to $4,000
- Costs for job posts and resume access was calculated at $2,000 per position
(based on 1 job post and 2 week's resume access with Monster & Careerbuilder)
- Additional recruiting costs when internal efforts were not successful
(1 out of 4 jobs at 25% of base salary average of $60,000 = $3,000 per position)
- Total cost to fill each position = $6,000 to $9,000
2 - It could outsource resume sourcing and recruiting to 10K.
Received the best qualified resumes of interested candidates available on Monster, Careerbuilder, Yahoo!Hotjobs, 10K, and other resume databases, unlimited job posts on our job post partners, and the services of a virtual recruiter.
- $1,000 per position with Resume Search & Screen Plus Services
The employer choose to use 10K's Resume Search & Screen service, saving significant time and expense, and allowed internal HR staff & hiring managers to increase flexibility and focus on interviewing and hiring rather than resume sourcing and recruiting.
