The Co-operative Group anticipates a ROI of over 100% from implementing Bond Talent

The Co-operative Group, the family of retail and financial services ranging from food to banking, has signed a 3-year, six-figure contract for Bond Talent ñ the online recruitment & talent management software from stock market-listed Bond International Software. Bond Talent is an online recruitment web portal which The Co-operative Group expects will achieve over 100% return on investment (ROI) by allowing the recruitment department to manage its recruitment processes internally, whilst also reducing time and costs per hire.

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Bond Talent is a specialist application for the global recruitment and talent management markets which has been designed to greatly reduce hiring costs and to enhance the strategic capability of in-house resourcing teams. The system is user-friendly and very flexible allowing for reduced paperwork and improved efficiency. This gives key recruitment staff more time to concentrate on developmental rather than administrative tasks.

Bond Talent will initially be deployed across the whole of the Co-operative Trading arm of the business which includes, amongst other departments Food, Funerals, Pharmacy and Travel, with the pilot system being run in the Food division. Bond Talent has been brought on board to drive the business closer towards a direct sourcing business model, to reduce time-per-hire and cost-per-hire metrics and to improve the recruitment experience both internally and for the candidate. In so doing, the full implementation of Bond Talent is anticipated to produce over 100% ROI, with some excellent ësoftí benefits including enhanced candidate experience, developing a stronger on-line sourcing strategy and providing the tools to enable talent banking and pooling of speculative candidates for improved internal search capability.

Genevieve Bradbury, Recruitment Project Manager for The Co-operative Group, explains, ìDue to our extensive recruitment needs across the business, we were spending millions of pounds on external recruitment fees and advertising campaigns. Through Bond Talent, we can develop a new e-recruitment presence and through the independence this will allow us, reduce costs significantly. Added to this, by integrating our vacancy posting, application process and internal talent management and running these through the same flexible web portal, we are able to greatly reduce our time and costs per hire.î

Bradbury continues, ìWe chose Bond Talent primarily because of its cost-effectiveness, but also because of Bond International Softwareís excellent pedigree in the recruitment market. Bond Talent allows organisations, such as ours, to manage our own talent and recruitment needs, generate up-to-date reports, manage and monitor key resourcing metrics and remove reliance on traditional paper records ñ their proposition was something we couldnít ignore.î

ìWe had not originally considered Bond for our e-recruitment, being unaware of their product offering and Bond Talentís functionality,î Bradbury adds, ìHowever, on seeing its full potential, its ability to adapt within our existing processes and also Bondís expertise within the staffing industry, we were very keen to learn more and add them to our shortlist.î

Bradbury concludes, ìThrough Bond Talent, we are able to enhance our employer brand by making the application process slicker and more user-friendly. At the same time, because of the softwareís flexibility and thoroughness, we have a new ability to produce accurate business intelligence reports, set KPIs and manage our own talent pool to its full potential, allowing us to direct the business towards an independent sourcing strategy and reap the financial benefits this affords.î