BEACHWOOD, OH, ñ Redmatch and the Nash Group announced today the availability of a savings calculator that enables HR professionals to determine the real costs involved in recruitment and how much they can save by implementing a recruitment management system using advanced Job Matching technologies.
We developed this calculator to provide HR professionals with a real estimate of how much time and money they spend collecting and sorting through hundreds of resumes to get to exactly the right candidate.î says Gal Almog, Founder & CEO of Redmatch. ìOur goal is to demonstrate the efficiencies they can gain by increasing the effectiveness of the candidate selection process.î
This unique calculator was developed in cooperation with the Nash Group, a leading management consulting firm in Chicago. The Nash Group helps companies save money by using their human resources more efficiently.
Our clients asked us to tell them what the real savings would be by implementing a recruitment management software, says Dr. David Ledersnaider, Principal in the Nash Group (http://www.nashgroup.com). Nothing was available on the market so we developed the calculator in collaboration with Redmatch. We work mostly with hospitals that experience a chronic shortage of personnel and pay high labor premium differentials. By using the calculator we found that the Redmatch technology can save our clients hundred of thousands of dollars per year.
In the Redmatch HR savings calculator, HR professionals can enter key variables, such as positions hired per month and percentage of replacement for existing positions versus new positions to be filled. The calculator shows the cost savings associated with improving the recruitment process by using Job Matching technology such as the one offered by Redmatch. For example, a hospital hiring 20 people per month can save more than $200,000 per year with Redmatch.
ìNot only does Redmatch decrease the real costs associated with hiring, Redmatch brings the best candidates to the forefront immediately, reducing the opportunity costs that come from missing out on the top candidates because their resumes happened to be at the bottom of the pile,î says Almog.
Distributed by HR Marketer.com
To try out the Redmatch Savings calculator, visit:
Redmatch and the Nash Group unveil new HR Cost Savings Calculator tool
To estimate potential savings from recruitment management systems
