HireFX for the Cost Savings
Your profits are being hurt by high recruitment costs, unacceptable employee turnover rates and under performing new hires. At HireFX we decrease these direct and indirect costs associated with operating your organization, and in turn raise your profit margin.
Using a unique SaaS (Software as a service) model, HireFX has developed the ideal solution for repeat and bulk recruiting. This solution cuts the high costs of recruiting and training through the use of screening and assessment technologies which are guaranteed to deliver unparalleled results.
The cost savings include:
- Less turnover, thus saving hiring, training costs and severance pay
- Reduced expenditures on sourcing / advertising
- Reallocation of expensive recruitment resources - no more valuable HR time wasted sifting and sorting resumes.
- A reduced interview to hire ratio, traditionally 6 or 7 to 1, now 2:1, saving additional internal recruiter's time and costs
- Better quality candidates – easier to train, faster engagement on the job, better customer relations
- Reducing the dollar exposure of having to let a bad hire go
HireFX was recently brought in by a major international consulting firm to see if it could ‘fix’ recruiting challenges that one of their large utility clients was facing. The results were outstanding, with recruitment and training costs reduced by more than half in the first year alone. You can learn more about the impact that HireFX had on this client's recruitment costs by requesting a copy of our detailed case study.
How we Do it