The Strength of Harpwood
You don’t have to be a rocket scientist to understand that world economics have shifted. Being cost conscious and time efficient is not only key to success but also imperative for company survival. Companies must constantly be searching for ways to improve their functionality and reduce their operating expenditures.
By rethinking traditional hiring practices and processes, Harpwood is helping companies retain better talent, decrease their time to hire, and most importantly reduce costs. How? By removing external employment agency percentage fees, decreasing internal hiring costs, and boosting overall hiring efficiencies. Gone are the days of maintaining or building large fixed costs internal recruiting departments with staff, software, contract recruiters, and external agencies. Best-in-Class companies utilize new and improved hiring methods like Harpwood. By managing the total recruiting lifecycle, we are able to take all of our knowledge and internal technology to improve the quality of hire, reduce the cost per hire, and decrease the time to hire for your company.
We can prove it… we let the metrics and dollars speak for themselves. In most companies a simple reduction of even a small percentage in operating costs per hire coupled with increased efficiencies will result in a significant increase in revenue. And by measuring the quality hire ratio we are able to help you decrease your turnover costs and overall company performance. It really comes down to a very simple formula and our pledge to you:
Reduce Cost, Increase Efficiency, and Improve Quality.
85% of companies who outsource human resources have become more profitable.
PriceWaterhouseCoopers
The average cost of a vacancy is over $100,000, and when polled, HR professionals agreed that the role of HR becomes far more strategic with the RPO model.
SHRM Human Capital Benchmark Study, 2005
Fewer than 50% of all employers reconcile candidate qualifications with what they originally sought, while 30% of all employers measure neither qualifications nor new hire performance.
Staffing.org Recruiting Metrics and Benchmark Report, 2008
By managing the entire hiring process we are able to pull all of the functions that are currently not cohesive unit and in many cases battling one other into one organized and succinct approach that provides consistently better candidates faster. For instance, due to time and volume, most internal recruiters focus all of the efforts on job boards and company website candidates, yet according to Staffing.org Recruiting Metrics and Benchmark Report 2008, “86% of all job seekers look for jobs irregularly, rarely or passively. Only 14% use the internet as a resource consistently or actively. Almost 40% have never used a job board, and more than half seldom visit a company website or have never been to one.” The data clearly emphasizes the need for a robust, multi-channel recruiting effort, particularly where time is a factor.
This is one area where Harpwood makes a significant impact for a significant savings. Because our expertise originated in the world of executive recruitment exempt positions, we are able to use that strength to uncover hidden talent. When an open position occurs, we help create a concise and effective job order for both postings and external recruiting efforts. Then Harpwood engages aggressive, proactive recruiting tactics concurrently with online job boards, resume search aggregators, and internal career networking to capture both active and passive candidates without paying any external recruiting fees or letting valuable time slip by. This way the best qualified candidates then identified, tracked and managed through the entire process until a successful hire is made without sacrificing time or quality.
During this process every client receives:
- Job evaluation and requisition creation.
- Candidate Sourcing and Screening through integration with online job boards, internal career network, resume search aggregators, and proactive recruiting methodology.
- Candidate management, presentation, and offer process.
- Technology that enables comprehensive reporting, resume parsing, job portal configuration, secure SSL online access, compliance with EEO and OFCCP guidelines, and secured application process.
- Performance management and data tracking.
