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Hiring In The Digital Age A discussion on time and cost effective digital recruitment methods

This webinar brought to you by CodeGround. This will webinar will offer digital solutions to help recruiters advance their strategies and help them tackle general problems in recruiting process with respect to time and cost parameters.

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Hiring In The Digital Age A discussion on time and cost effective digital recruitment methods

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  1. Webinar Hiring In The Digital Age: A Discussion on time and cost effective digital recruitment methods CodeGround

  2. Contents • Introduction • Hiring In The Digital Age • Current Scenario • Recruiting Costs • Digital Recruitment Best Practices • Recruiting Costs • Cost effective and time saving digital recruitment methods • Recruitment Metrics • Conclusion • References • Appendix (Digital Hiring Platform) CodeGround

  3. Digital Hiring A New Era of Job Seeking So, do we just post and pray? CodeGround

  4. Future Of Recruiting ·Finding passive candidates ·Assessment and hiring ·Growing acceptance of video interviewing ·Onboarding ·Online talent platforms could Boost future of recruiting trends Hiring in the Digital Age CodeGround

  5. Improving a Slow Hiring Process • Draw a very specific outline of requirements • Do effective campaigns internally • Be selective • Your "employment brand" is a key selling point • Technology must be updated • Maintain a constant pipeline of prospective candidates • Know the future demand in advance • Set deadlines • Outsourcing could be a Time-Saver • Document each step of recruitment • Reduce the amount of people involved CodeGround

  6. Current Scenario The cost of looking at the wrong talent pool-80% of the desired candidates would come from 20% of the sources. The cost to replace- 30 to 50 percent of their annual salary. The cost of poor employee attachment- as much as 400 percent of an employee’s annual salary. CodeGround

  7. Digital Recruitment’s Best Practices Resume Parsing Applicant Tracking Systems Social Media Employment branding Analytics CodeGround

  8. Digital Recruitment’s Best Practices Resume Parsing Applicant Tracking Systems Social Media Employment branding Analytics CodeGround

  9. Digital Recruitment’s Best Practices Resume Parsing Applicant Tracking Systems Social Media Employment branding Analytics CodeGround

  10. Digital Recruitment’s Best Practices Resume Parsing Applicant Tracking Systems Social Media Employment branding Analytics CodeGround

  11. Digital Recruitment’s Best Practices Resume Parsing Applicant Tracking Systems Social Media Employment branding Analytics CodeGround

  12. 73% of job applications have been successfully filled through the uses of social media. • LinkedIn is the most popular social networking site used for recruitment purposes with 94% of recruiters maintaining profiles, in comparison to 66% on Facebook and 54% on Twitter. • 20% of companies say that it takes less time to hire their candidates when using social media. • 31% of companies that used social media to recruit saw an increase of employee referrals. • 65% of companies that used social media to recruit compensate employees for referrals. Are there real benefits of using social media? YES, the stats remain pretty impressive CodeGround

  13. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking CodeGround

  14. Top Enablers that make recruitment faster and cheaper { LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding Recognition Performance Tracking SOURCING CodeGround

  15. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding Recognition Performance Tracking { SELECTION CodeGround

  16. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking { RETENTION CodeGround

  17. Top Enablers that make recruitment faster and cheaper Though LinkedIn seems to be the most obvious solution, many recruiters actually don't know where to start. Try the advanced search, scan for other connections, join groups, etc. LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking CodeGround

  18. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Make use of your network and if you have a great job, ask your followers to share it . Just be mindful of not doing it too often as it might get annoying CodeGround

  19. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Facebook’s robust ad platform allows you to target the right audience. Optimize the efficiency by trying out facebook ads. Create a job’s tab and it also helps to have a job specific page. CodeGround

  20. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking A well-done video will increase engagement. For the video to have an impact, it needs to be deployed correctly. Hence to broaden the audience, it is important to put it up in multiple locations. Videos can be a powerful recruiting tools because they provide a medium to effectively show an organization's passion. CodeGround

  21. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking It is important to attend events that are not job fairs. Sites like the Meetup.com or any other local and professional events that are happening in the area can help as you will get to network with relevant professionals.Not only will this give us access to talent, It will also be a great branding opportunities to get the brand's name out to the mass. CodeGround

  22. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Today, you find forums for almost any industry or niche. A great opportunity here is that you will get to see knowledge, expertise, and even complaints or frustrated laments about current employers. CodeGround

  23. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking A great and a cost effective way to ensure a high-quality hire who are perfect fits to your culture is to focus on recruiting boomerangs. An ex employee might be hesitant but a quick occasional call can do wonders and nudge them in the right direction. CodeGround

  24. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Video interviewing can pick up on subtle emotional cues and body language. It's speed and convenience allows more candidates to be screened without the overhead costs.Today, there are tools that enable this process to be automated and candidates can take up pre-recorded questions. CodeGround

  25. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Employee referrals though old school, cannot be ignored as they shift a big chunk of the recruiting work away from recruiters and on to employees. CodeGround

  26. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Psychometric testing can measure an array of non-tangible attributes including intelligence, reasoning, cultural fit, critical reasoning, personality profile, optimism, etc . It can also help present a positive brand image. CodeGround

  27. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking This is a step we don't want to miss before making any hire. However, it requires different set of skills and is best done outsourced. CodeGround

  28. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking A candidate’s online presence can tell you a lot about their personality and cultural fit. CodeGround

  29. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Have surveys, it gives employers an opportunity to get the pulse and intervene before losing a new team member. CodeGround

  30. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Get your team talking! Intranet , open sessions, parties, tools like Yammer, etc aid in good employee bonding and will help improve brand loyalty CodeGround

  31. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Often a hard area to get right, both individual and team recognition can have a huge impact on productivity and morale. CodeGround

  32. Top Enablers that make recruitment faster and cheaper LinkedIn Twitter FacebookVideo/ Youtube MeetupsChat ForumsBoomerangs/corporate alumni. Video Interviews Proactive employee referralsPsychometric TestingReference / Background CheckingSocial Media CheckingEmployee EngagementInternal Bonding RecognitionPerformance Tracking Performance management is a critical process but one that unfortunately most companies ignore. It’s also a process often run poorly, giving staff the impression that the organisation doesn’t care about or invest in their performance and professional development CodeGround

  33. At a glance By embracing and adopting digital technology as part of your recruitment practices, it's possible to attract and obtain the best talent like never before. Social media recruiting strategy and tools drives results,it’s mainstream, and it’s here to stay. The practitioners are becoming more advanced and so are the tools. We’re no fans of the phrase “war for talent”, but we can’t deny that it’s a competitive atmosphere. Keep an eye out for all the social recruitment trends and tools. Checking these boxes will put you miles ahead and help you up your game. CodeGround

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  35. https://www.kwantek.com/kblog/case-study-digital-recruiting/ http://linkhumans.com/case-study/how-loreal-use-social-media-for-recruitment https://www.quora.com/What-is-the-future-of-recruitment http://www.recruitingblogs.com/profiles/blogs/digital-recruitment-a-new-era-of-job-seeking http://hiring.monster.co.uk/hr/hr-best-practices/recruiting-hiring-advice/managing-hiring-costs/what-are-the-most-cost-effective-digital-recruitment-methods.aspx http://www.businessnewsdaily.com/6975-future-of-recruiting.html https://www.eremedia.com/ere/3-trends-defining-hiring-success-in-the-digital-economy/ https://www.simplicant.com/blog/digital-recruitment-strategy-tips/ http://www.smartinsights.com/managing-digital-marketing/personal-career-development/2016-marketing-hiring-trends-digital-jobs-continue-strong-growth/ http://www.businessnewsdaily.com/6975-future-of-recruiting.html http://www.business2community.com/brandviews/brandwatch/interview-looking-future-digital-hiring-best-talent-01594267#mD6tWcmiokrHwZKu.97 http://www.smartinsights.com/managing-digital-marketing/personal-career-development/2016-marketing-hiring-trends-digital-jobs-continue-strong-growth/ http://www.socialtalent.co/blog/5-marketing-trends-shaping-future-of-recruitment http://www.slideshare.net/pullaraohrd/recruitment-costs-18117373 http://www.humanresourcemetrics.org/recruiting_cost_ratio.html https://www.recruiter.com/recruitment-cost.html http://www.recruitmentmagic.com/blog/what-is-the-real-cost-of-recruitment-top-tips-for-recruitment-cost-analysis/ www.eremedia.com www.recruit.com www.technology advice.com http://www.businessnewsdaily.com/6975-future-of-recruiting.html http://cbri.com/5-e-recruitment-strategies-for-attracting-top-talent-in-the-digital-age/ https://yello.co/blog/digital-recruitment-strategy-behind-competition/ References CodeGround

  36. References https://www.tinypulse.com/blog/sk-recruitment-strategies-to-attract-and-win-top-talent http://gradvert.com/employers/how-to-set-up-your-digital-media-recruitment-strategy/ http://www.hrpulse.co.za/recruitment1/233880-the-rise-of-the-digital-recruitment-strategy http://www.eremedia.com/ere/big-challenges-for-recruiting-leaders-the-top-10-upcoming-recruiting-problems/ http://www.eremedia.com/ere/the-top-12-reasons-why-slow-hiring-severely-damages-recruiting-and-business-results/ https://hbr.org/2009/05/the-definitive-guide-to-recruiting-in-good-times-and-bad http://recruitingdaily.com/fix-broken-recruiting-technology-strategy/ https://www.go2hr.ca/articles/planning-steps-your-recruitment http://recruiterbox.com/blog/8-useful-recruitment-infographics/ Maria Isabel Venturaarticles Training and Development -Dr.S.V.Narayanan and Dr.B.Janakiram Recruitdaily.com Matt Charney articles Ashwathappa HRM book www.Externetworks.com https://www.fastcompany.com/3056641/the-future-of-work/how-employers-are-wasting-time-and-money-to-recruit-new-hires http://www.hireright.com/blog/2015/02/faster-candidate-recruitment-integrating-hr-systems-can-speed-time-to-hire/ http://relentless.taketheinterview.com/4-best-practices-for-eliminating-hiring-process-bottlenecks/ https://icitizen.com/blog/4-biggest-pain-points-organizations-face-overcome/ http://firstround.com/review/Ive-Worked-with-Hundreds-of-Recruiters-Heres-What-I-Learned/ http://recruitloop.com/blog/15-online-tools-making-recruitment-faster-and-cheaper-for-any-business/ CodeGround

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