The document discusses the return on investment from using HealthcareSource Position Manager for recruiting. It provides data from a study of 46 hospitals that found the software reduced time to fill positions by 1.5 days on average, saved 11 hours per hire in overtime costs, and could save organizations $400,000 or more per year in hiring costs depending on number of hires. The software also increased productivity for HR representatives and hiring managers, improved applicant sourcing, and had payback periods of 6 months or less.
METHODS OF ACQUIRING KNOWLEDGE IN NURSING.pptx by navdeep kaur
ROI from Improving Recruiting with HealthcareSource Position Manager
1. The Return on Investment from Improving the Recruiting Process with HealthcareSource Position Manager®
2. HealthcareSource Position Manager® makes inefficient and costly recruiting a thing of the past. Used at more than 1,000 healthcare facilities, HealthcareSource is the clear leader in Applicant Tracking Solutions for Healthcare providers. It simplifies speeds and improves the entire recruitment process – requisitions, job postings, candidate applications, candidate screening and interviewing, offers and onboarding. It was developed just for healthcare, is easy to use, and quick to implement - all at a fair cost with excellent return on investment. The result? Quicker time to fill and time to hire, better retention, reduced cost and time on HR processes, and compliance. 2
3. Lets do the math 3 When does? 1.5 11 6 40 70 6 When a respected research firm spoke with 46 hospitals about the return they got from Position Manager. Nucleus Research is a global provider of investigative technology research and advisory services. Building on its unique ROI case study approach, for nearly a decade Nucleus Research has delivered insight and analysis on the true value of technology and strategies for maximizing current investments and exploiting new technology opportunities. www.NucleusResearch.com. Lets look at the numbers in more detail..
7. @150 hires, $200k in savings“The [hiring] process is much smoother. Things are at our fingertips now. We’re able to review the application much more quickly online”
10. 95% of customers had productivity gains“[It] enables all recruiters to keep track of each other and lets us work better as a team. It lets us process applications quickly and communicate with our managers more effectively. I has been a great tool for us. ”
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13. Return on Investment 8 1.5 11 6 40 70 6 70 % reduction in copying, postage and paper related costs Average savings of $1940 per year “We’re drawing in more qualified applicants. These are people who didn’t have time to come in and fill out the application. We can get them from anywhere on the internet.”
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15. Savings in year one“I’d die without it. There was such an overwhelming amount of work to do before.”
16. 10 Download the full report atwww.healthcaresource.com/learning/research
17. 11 HealthcareSource also has a full ROI model to help you predict what the ROI would be for your organization. For a free ROI consultation, contact us at roi@healthcaresource.com