Re: How To Reduce Cost Of Hiring? - Pdf Download

Saloni, Good one indeed! However there are advantages n disadvantages too...

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.
Ok...
Dinesh V 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.
Ok...
Dinesh V Divekar
One more thing Dinesh this is only basic tips ...Will share its advantage n disadvantage very :)

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.

The following could be of very high interest to Production / Delivery Teams as well as the Talent Acquisition Teams of every type of Organization as it provides a highly viable solution to the above question.

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Kindly see the post at this link: https://www.citehr.com/481858-reduce...ml#post2119832

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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.
regards
Siva prasad