Thursday, October 22, 2009

Recruiting Opportunity Cost

"Measure with a Micrometer, Mark with Chalk, Cut with an Axe"

Your company has made the difficult and possible risky decision of hiring. If you hire poorly, you're in deep water. If you hire a top performer, you're golden. There are few things more valuable to a business than finding top performers. This market offers the best opportunity most companies have to recruit top talent, EVER. Most companies will forgo this opportunity because their recruiting budgets are under a micrometer. They have to carefully chalk around where they will allocate their recruiting budget. What happens when the candidate pool comes up short? The cost of axing a bad hire, according to a recent ADP survey, is over $50,000.

Posting on one job board alone is often sufficient to get a pool of candidates. Sufficient does not cut it in this market. Companies can save money and further their business by maximizing their reach to candidates and hiring the very best person they can. To expand their reach, they need access to all the the major job boards, and have the time to filter through the massive amount of resumes they will receive. Fortunately there is a better solution, gives its clients a cost and time effective way to access to all major job boards as well as over 300 niche job boards and give you access to over 150 million candidates. give you a cost effective option to take advantage of this rare, and possibly fleeting, opportunity to reach out to the most expansive candidate pool in recent history.

Wednesday, October 21, 2009

Candidate Spam

The cost of sending a resume used to be the cost paper, an envelope and a stamp. Then it went down to paper and a fax. The cost of sending a resume is now nearly free. Less qualified candidates are now able to quickly and cheaply spam their resumes - getting in the way of more qualified candidates who are trying to catch the attention of hiring managers.
Making it costly to send a resume dramatically cuts down on resume spam. Testing is one of many solutions YourLeap had implemented to help companies find the best possible talent available. They have partnered with Kenexa to use of 300 assessments to test candidates. Testing helps two fold: it assess a candidates skills while helping to filter candidates.
Those who have posted an ad on a major job board can attest to fact that the vast majority of responses to being completely unqualified. Candidates frequently send their resumes to jobs they are completely unqualified for, but since their is no cost to applying, why not play candidate lotto, the tickets are free.
By filtering out candidates that aren't serious enough to commit time to test, as well as those that test poorly, YourLeap can spend more time further qualifying those candidates that can do the job. YourLeap clients not only get maximum exposure to the best talent pool in decades, but they can now spend more time with the best qualified candidates.