Cost Reduction
Cost reduction will be achieved through improved processes, effective supply chain management and efficient sourcing approaches. The transfer of fixed recruitment costs to a variable cost model lead to a far more reactive solution to changing market conditions.
Direct cost reductions related to the acquisition, selection and hiring of candidates vary from company to company, with some organisations saving up to 30%. Further reduction can be gleaned from improvements in candidate quality, therefore increasing retention and therefore reducing spend through volume of replacement hires. Reduced time to fill periods and decreased Line Manager involvement can also generate time and cost savings.