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Hiring time-vs-money a better more affordable way to Hire.

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I am an independent recruiter working with RecruitLoop, a curated community of professional recruiters who help companies hire faster and smarter. RecruitLoop connects professional recruiters with clients who have hiring needs and the recruiter bills by the hour. We save our clients 80% from traditional fees.
Our approach enables clients to have as little or as much involvement in the recruitment process as they wish.
Would you have time to jump on a quick call to chat about your hiring needs?
Thanks,
Jamilah Lawry

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Hiring time-vs-money a better more affordable way to Hire.

  1. 1. $ 4 h $188 HIRING WINE & DINE CANDIDATES4 $ 2 h $94 RECRUITER DOES THE WORK!2 $ 7.4 h $348 4 $ $18,750 PRE-SCREENING & CONDUCTING INTERVIEWS3 FIND & HIRE A RECRUITER YOU DON'T HATE1 REVIEWING RESUMES 2 Using a Recruitment Agency The True Cost of Your mission, should you choose to accept it: You, the hiring manager, must find the ideal accounting manager in the shortest time possible. Don’t know where to start? Don’t worry – this will help. Depending on how much time & money you can afford, you have two options. Choose wisely - the stakes are high. Hiring$$ What’s Your Time Worth? WRITING THE JOB DESCRIPTION & POSTING ADS FOR 3 MONTHS Hiring by Yourself Your Competing Priorities The average manager in the US makes $90,000/year Hourly wage: $47 This is you You must juggle regular work & hiring. You must fill the vacant job position ASAP. You have a limited hiring budget. Average # of days to fill a position: 95 days Accounting Manager average salary: $75,000/year • FACTS • 1 $ LinkedIn Ad $1,500 Job titles $1,257 CareerBuilder Ad $675 Monster Ad $225 Craigslist Ad $117.50 2.5h Post a Job Ad $95 Facebook Ad $47 3.5 h $3,991.50 Write Ad Copy Respond Seen by Hiring Manager Interview Job Offer Final Interview 1h $ 3.6 h $169.20 300 200 4 8 1 Start/end dates Previous Companies Education PRE-SCREENING & CONDUCTING INTERVIEWS TIME THE REAL QUESTION Is there a win-win situation when it comes to both costs and time spent on hiring? MONEY 3 $ 12.15 h $571 $ 4 h $188 Recruitment agencies usually charge companies a hiring fee of approximately 15%-30%. In this case, you need to hire an accounting manager with an annual salary of $75,000. You’d expect to pay ~20% of that salary. 15-30% $75,000 -20% HIRING WINE & DINE CANDIDATES 23.3 h $4,920 $19,380 13.4 h Using a Recruitment Agency Hiring by Yourself Overall Time & Cost Overall Time & Cost Overall Time & Cost Overall Cost Overall Time & Cost Overall Time & Cost $ HIRING FUNNEL x2 REFERENCES Salary of manager http://www.glassdoor.com/Salaries/average-manag er-salary-SRCH_KO8,15_IP5.htm 25 Feb 2014 http://www.dbs.deusto.es/cs/Satellite/dbs/en/news/ community-manager-digital-marketing-manager-so cial-media-manager-web-developer-and-digital-co mmunication-specialist-are-the-five-profiles-most- often-sought-after-by-companies/noticia 2 May 2014 (software engineers are in demand) http://www.nydailynews.com/jobs/sought-after-job -applicants-article-1.1776972 17 June 2014 (top 6 skills that will be most sought after) http://articles.economictimes.indiatimes.com/2014 -06-17/news/50651389_1_business-intelligence-en gineers-analytics 31 March 2014 (median household income of Americans in Feb 2014) http://econintersect.com/a/blogs/blog1.php/median -household-income-advances-in Linkedin job posting costs https://www.linkedin.com/today/post/article/2014 0419011339-56543389-how-much-does-marketin g-with-an-ad-agency-marketing-company-social-m edia-company-and-video-companies-really-cost Facebook job posting costs http://moz.com/blog/1-dollar-per-day-on-facebook- ads Craigslist cost http://www.craigslist.org/about/help/posting_fees How long it takes for job positions to be filled http://www.nytimes.com/2013/03/07/business/eco nomy/despite-job-vacancies-employers-shy-away-fr om-hiring.html?pagewanted=all&_r=1& Statistics Source http://www.ere.net/2013/05/20/why-you-cant-get- a-job-recruiting-explained-by-the-numbers/ Reference infographic http://www.huffingtonpost.com/2012/06/04/the-tr ue-cost-of-hiring-infographic_n_1568295.html Traditional recruitment process http://flylib.com/books/en/2.309.1.35/1/ 4 April 2014 The cost of hiring http://www.hrbartender.com/2014/recruiting/the-c ost-of-hiring-in-2014-infographic-friday-distraction/ Cost of advertisement per month http://job-websites.findthebest.com/q/61/1088/Wh at-is-the-cost-per-month-to-post-a-job-listing-on-C areerBuilder-com-job-website

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