As a general rule, it is estimated that the portion of a recruiter’s time spent on recruitment is approximately:
- 30% screening candidates
- 25% report generation
- 20% document creation
- 10% interactions with managers
- 15% other activities
Add together the salaries of your recruiting team, and you’ll see how much this can cost an organisation. By implementing recruitment technology, organisations can dramatically reduce the time spent on each activity by automating administrative tasks. From our experience, technology can reduce the time spent on each activity to:
- 5% Report generation
- 15% Screening
- 10% Document creation
- 5% Manager interactions
The amount organisations spend on recruitment agencies is skyrocketing. Reducing agency spend by sourcing candidates through talent pools can save organisations hundreds of thousands each year. Using the robust functionality within PageUp Recruitment, organisations can build a database of talent that can easily be identified (by skills, employment history, or mobility), communicated with and attached to roles as required.
To determine the ROI of reducing agency spend through talent pooling, we calculate:
- The number of positions filled by recruiting agencies each year
- The % commission agencies claim upon filling a role, represented as a percentage of the new starter’s salary
- The average salary of a manager
to determine:
- The amount paid per recruit
- The number of new hires that can be sourced from talent pools rather than agencies
- The total recruitment agency cost savings.
One PageUp customer with 7,400 employees reduced their agency spend by $5,000,000 using our Talent Pooling functionality.