Hire Velocity Gives Back to Kids in Need!
Hire Velocity’s Atlanta team focused on giving this past holiday season. The Atlanta team participated in the Gwinnett County Department of Family and Children Services’ Foster Children’s Christmas Program, generously providing the entire Christmas for a 3-year-old girl and a 13-year-old boy. The children received much-needed items like clothing and shoes but also received many wish-list items like a bicycle and an iPod.
The purpose of the DFCS Foster Children’s Christmas Program is to help hundreds of foster children who are suffering from disappointments, hurts, and frustrations to put aside those circumstances on a day intended to be most memorable for children. Thanks to the efforts of the Atlanta Hire Velocity team, two of those children had a much merrier Christmas!
Name Generation Service Targets Talent From Companies You Specify
The “name generation” service is a unique service which provides a company with candidates from a list of competitors that they select. Researching names from completive companies with this service can narrow down those candidates in positions with similar job functions. Using a wide variety of search tools, the name generation service provides as many names, phone numbers, and emails of the candidates who meet the required job specifications. Hire Velocity has the ability to take this a step further and provide companies with additional information in their reports which describe the candidate’s education or degree as well as their years of experience in a particular field.
This service can be beneficial in gaining a strong advantage over competitors as it has the ability to target those talented candidates who are not actively searching for a new position. Receiving a report that includes the candidates contact information allows the company to reach out to them and present them with the new opportunity. Other key beneficiating factors of name generation is that most HR departments don’t have the time or resources to be able to produce the information that this service can generate, which when choosing to outsource this to specialists with the tools and experience needed will provide optimal results for a company.
Benefits of Developing Candidate Pipelines
In order to become a stronger company you must be able to consistently fill crucial positions within your company when necessary and do so as quickly as possible. Acquiring top talent through developed candidate pipelines has continually proven to be an effective way to do this. Developing candidate pipelines involves creating a ready pool of qualified candidates that are available for immediate contact when a position within a company opens up. Companies that are active in recruiting and creating a strong candidate pipeline are ahead of those competitors who choose to delay finding candidates till the last minute.
When you have developed a candidate pipeline you minimize the time between transitions of filling positions, helping to keep your company on track. Active recruiting also leads to an increase in brand awareness within a company’s industry. This helps your company to be the first to come to a candidate’s mind, making positions more desirable when they become available. In the long term developing a candidate pipeline will make a company stronger than it’s competition and able to fill positions quickly.
Hire Velocity has worked with many companies in the development of their candidate pipelines. By sourcing through hundreds of job boards and various social media sites, Hire Velocity can generate skilled candidates to fill crucial positions when needed. Working with a leading residential mortgage banking company recently led to over 1750 insurance agents, HR representatives, loan officers, and accountants hired.
Pure Sourcing Generates Top Candidates to Fill Critical Positions
Getting started with the recruiting process can be difficult, especially when you need to find a large number of employees to fill positions in a short amount of time. The task can be daunting for HR departments that don’t know where to start or how to go about approaching the process. Outsourcing to an RPO provider who offers the service of Pure Sourcing can take the stress away from the initial step of searching through resumes and job boards for qualified candidates which can be very time consuming. An RPO provider who offers this service is able to take on the responsibility and use the latest technology, resources and expertise to deliver a list that includes more choices for your hiring manager to be able to select the candidates who are best fit for the company.
With the Pure Sourcing service a multi-channel sourcing strategy is implemented. This consists of an in-depth search conducted using a proprietary tool to search job boards and find resumes of the most qualified candidates. A list is generated that consists of those candidates whose skills and education requirements match each specific position.
Pure Sourcing is a strategy that Hire Velocity has been successful in using to find qualified candidates to fill positions in a number of companies. Utilizing the latest technology, social media websites and access to over 200 job boards, we are able to find top candidates who fit the positions you want to fill. This service simply finds and generates a list of those candidates that would be most qualified and does so without having to make any contact with them. This saves HR managers from having to weed through candidate resumes who are unqualified and allows them to focus on those with the skills and education required, saving the organization time, money and energy.
Factors to Consider When Calculating Your Cost Per Hire
When starting the recruitment process determining how much exactly your cost per hire will be is an important factor but so is your quality of hire. The wrong hiring decisions will wind up costing your company even more. With the current state of economy it is important that you are able to take the time and effort to hire top talent that will add value to your company while doing so at an affordable cost. Calculating this cost will vary depending on the way you choose to approach it.
Some companies choose to have their in house HR department in total control of recruiting. They are in charge of taking care of every task in the process and in addition the company is faced with a number of costs associated with recruitment. Some of the important factors to take into consideration when calculating cost per hire with this approach are:
- · Job fairs, college recruitment, advertising, and job board posting and access costs.
- · Hardware that needs to be added in for candidate screening, from computers, to resume
search programs and phones - · The costs associated with marketing open positions
- · All training, on boarding and turnover expenses
- · Travel costs
- · Recruiters and managers salaries
HR departments are often faced with a heavy work load and the recruitment process demands a lot of invested time in order to find the best candidates for each position. In order to allow them to focus on their core responsibilities that will continue to keep the business moving forward, a company often chooses to outsource their recruiting. They do so through either a contingency or recruitment process outsourcing (RPO) agency. With a contingency recruiter they charge nothing until the position is filled but many find that this approach can be expensive for their company, costing anywhere from 15-30 percent of those hired salaries.
The companies who chose to partner with an RPO agency have found that they are able to get ahead of the competition using the specialists with the experience and the tools to find the best candidates to fill their positions. A 2009 study conducted by the Aberdeen Group found that 62 percent of the organizations that they surveyed who had used this outsourcing approach were able to significantly reduce their cost per hire while hiring valuable candidates for their company. RPO providers, such as Hire Velocity, have the ability to drive down recruiting costs for companies by as much as 50 percent. As an RPO agency Hire Velocity offers to do as much or as little of the recruitment process companies they partner with need. The Aberdeen Group study of roughly 200 companies also revealed that 77 percent of those who were using RPO were happy with the results and would recommend it to others. Outsourcing with an RPO agency provides results of hiring quality candidates that will add value to your company as well as have results that will significantly reduce cost per hire.
July’s Job Report Shows Increase in Hiring
The Bureau of Labor Statistics (BLS) release of July’s job report today revealed surprising numbers that shed some relief after a long week of trouble in the market and fears of recession. Economists had predicted that we would see about 85,000 jobs added for the month of July but today’s report came out with unexpected higher results. The U.S added 117,000 jobs compared to the 18,000 added in June. The results could have even been higher had they not been affected by a loss of 37,000 government jobs as a result of recent budget shortfalls.
Private employers ramped up their hiring the most based on the results from the BLS report. Business and professional services as well as retailers, hospitality and manufacturing all increased their hiring bringing the unemployment rate from 9.2 percent in June to 9.1 percent in July. Not only were more jobs added in these sectors but hourly wages also increased, bringing even more good news in the report. They rose up .4 percent, doubling what numbers were predicted previously. With July’s increase in jobs and hourly wage increase the report shows hope that these factors could help to put money back into the struggling economy by increasing consumer spending.
July’s job report comes out much better than expected and couldn’t have been released at a better time. After a rough week in the market and previous months of extremely low job reports the high number shows positive improvement for the future of the economy. Economists still say though that the number isn’t quite yet where it needs to be. More jobs need to continue to be added in order to keep up with the growing population, and many still fear that if the economy doesn’t improve soon that the U.S could ultimately fall back into a recession.