Here’s how we can save you 23% on recruitment costs, reduce time to hire by 14 days, and still give the candidate the same amount of face time with the business.
We have reviewed the internal hiring process of an MSSP client who do huge volumes of mid-level security hiring, at up to €80,000 salaries.
Reducing costs during the interview process is a key focus for them. They also lose candidates towards the end of the interview process; speed is important due to the high demand for security specialists.
Here are our suggestions.
Current process:
Currently, all stages take one hour, plus 30 mins preparation and feedback per interview. CV received means received from the internal recruiter or an external supplier.
Suggestion: combine two interviews into a 1h30 interview for candidates at this level.
This will save 14 days in your interview process, which should increase candidate interview to hired ratio, as below.
Suggested format:
As there will be “cross-over” in interviews, feedback and preparation should take less time per person.
Taking these steps may reduce OPEX cost per hire by 23% without reducing face-time with the business.
See below salary assumptions and calculations:
*Yearly cost assumptions include benefits, holidays, taxes, etc. HR/Recruiters cost a 1.33 x multiplier for benefits. Business leaders cost a 1.4x multiplier for benefits.
**2086 hours/year = 40 hours/week x 52.143 weeks/year. Hourly cost is for a full year, as holidays are included under yearly costs.
In summary, following our suggestions should:
- Save you 23% on OPEX recruitment costs
- Reduce your interview process by 14 days
- Still give the Candidate the same amount of face-time with the business
Thanks for reading.
Here’s how we can save you 23% on recruitment costs, reduce time to hire by 14 days, and still give the candidate the same amount of face time with the business.
We have reviewed the internal hiring process of an MSSP client who do huge volumes of mid-level security hiring, at up to €80,000 salaries.
Reducing costs during the interview process is a key focus for them. They also lose candidates towards the end of the interview process; speed is important due to the high demand for security specialists.
Here are our suggestions.
Current process:
Currently, all stages take one hour, plus 30 mins preparation and feedback per interview. CV received means received from the internal recruiter or an external supplier.
Suggestion: combine two interviews into a 1h30 interview for candidates at this level.
This will save 14 days in your interview process, which should increase candidate interview to hired ratio, as below.
Suggested format:
As there will be “cross-over” in interviews, feedback and preparation should take less time per person.
Taking these steps may reduce OPEX cost per hire by 23% without reducing face-time with the business.
See below salary assumptions and calculations:
*Yearly cost assumptions include benefits, holidays, taxes, etc. HR/Recruiters cost a 1.33 x multiplier for benefits. Business leaders cost a 1.4x multiplier for benefits.
**2086 hours/year = 40 hours/week x 52.143 weeks/year. Hourly cost is for a full year, as holidays are included under yearly costs.
In summary, following our suggestions should:
- Save you 23% on OPEX recruitment costs
- Reduce your interview process by 14 days
- Still give the Candidate the same amount of face-time with the business
Thanks for reading.