Saloni, Good one indeed! However there are advantages n disadvantages too...
From India, Pune
Dinesh Divekar
Business Mentor, Consultant And Trainer
Business - Owner Promoter Jams Academy
Manager Hr

Dinesh Divekar

Dear Saloni,
Gone through the article. Nothing innovative is mentioned. The writing is quite mediocre.
The best way to reduce the cost of hiring is to control the attrition. HR can study the attrition and find out what is cost of employee attrition. They should impress upon the HODs of all the departments on ill effects of the employee attrition and how it erodes the competitiveness of the organisation as a whole. This is a proactive approach. The steps mentioned in the article are good no doubt but then these are reactive.
One more thing the article does not mention is use of cloud computing. Every company should maintain their own database of the candidates. For this could computing is quite handy. Candidates can be told to preserve their CV on Google Docs and HR can just preserve the link. When need be the links can be screened.
Dinesh V Divekar

From India, Bangalore
Dinesh Divekar

Dear Saloni,
Two more things also bring down the cost of recruitment. One is the cross-trade training or multi-skilling. If the staffs are trained on various skills, it brings flexibility for moving them from one section to another or from one department to another.
Another is succession planning. Rather than bringing an outsider to handle the top position role, it make sense to groom a person from within.
However, to execute cross-trade training or succession planning, it requires lot of organisational maturity. It is not child's play. Therefore, cost of recruitment is partially due to cost of organisation's maturity as well.
Dinesh V Divekar
One more thing Dinesh this is only basic tips ...Will share its advantage n disadvantage very :)

From India, Bangalore
One of the most important questions that organizations today search a viable answer for is "how to reduce the overall cost of recruitment" without of course sacrificing the quality of selection.

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From India, Mumbai

Attached Files (Download Requires Membership)
File Type: pdf Interview Master Brief 1.0.pdf (880.0 KB, 215 views)

Dear Team,
The only way to control cost of recruitment is by having a proper SUCCESSION PLANNING!!! Plan your teams well. one more important thing is that cost of retention is less than cost of recruitment. Please let me know if you need a more precise/Elaborate answer.
Siva prasad

From India, Hyderabad

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