21 May 2020

Best Way to Cut Recruitment Costs? Cut Traditional Recruitment Processes

Every year $20 billion is spent on outsourcing HR functions and the majority of it goes to recruitment agencies for hiring. The costs of using external recruitment agencies in South Africa is between 15 - 25% of the annual salary of each hired employee - the average cost is R75 000 per mid-level-experience candidate*. Small, medium, and large businesses traditionally turn to recruitment agencies for their talent needs and this is costly.

 

Of course, using an internal hiring team does bring down the high costs associated with recruitment. Unfortunately, this solution costs a company is in more ways than financially:

 

Internal recruitment teams spend excessive time writing job descriptions, posting jobs across a variety of websites, hosting a stand at job fairs, doing background checks on suitable candidates, and most tiresome: going through the entire application and onboarding processes.

 

Effective recruitment does not need to be tedious nor expensive.

 

In fact, by cutting out the “middleman” (traditional recruitment companies) in the recruitment process, companies no longer need to pay large, cumulative agency fees. This is possible with online hiring platforms, like Nomad Now.

Companies, business owners, and hiring managers can access both permanent and flexi candidates for a rate up to 75% lower than traditional agencies. This recruitment fee is only charged once the permanent hire or the flexi-tasks have been successfully completed.

 

In addition to cutting out traditional recruitment agencies, internal recruitment teams who use online hiring platforms save time. It is no longer necessary to go back-and-forth between candidates, agent, and the hiring team – Nomad Now allows hirers to interact with professionals directly on the platform.

 

The biggest time saver and benefit for hiring teams would be the platform’s advanced method of matching candidates to company job adverts. Nomad Now’s complex algorithm only allows talent (from a pool of 60 000) with the relevant skills, experience, and location to apply for the posted job. This reduces the biggest time-waster of the hiring process: having to spend hours going through incompatible applications and resumés.

 

Cut your costs and the amount of time spent in the recruitment process. Use an advanced, user-friendly online hiring platform instead.

 

Sign up as a hirer on Nomad Now today!

 

 

 

 

 

*Source: https://www.nomadnow.co/blog/5e83dec34aa74239e5712a32

Created by: Julia Paton