Outdated Hiring Practices Are Costing You – Here’s How to Fix It
Best hiring practices, industry trends, and recruitment solutions for your business. More companies are realizing that outdated hiring strategies are costing them time, money, and top talent. The passive approach of posting a job and waiting for applicants is no longer yielding desired results for long-term organizational growth. Fortunately, more purposeful and strategic solutions (like working with a team of expert talent strategists) are emerging and producing the qualified candidates companies need. In this article, we’ll explore best practices, industry and hiring trends, and how to choose the best recruitment solutions for your business.
Empowering Communities Through Strategic Staffing
Amid rising housing insecurity, a community development financial institution needed to efficiently distribute federal rental assistance and support low-income families. EG Workforce Solutions provided tailored recruitment, hiring support, and career transition assistance, ensuring the institution had the right team in place to serve 149 households in a single month while fostering a lasting partnership for future community programs.
Improve Retention by 52% with EG RPO
Struggling with high turnover and limited hiring resources, a renowned restaurant chain needed to fill 200 manager roles in just four months to prevent lost revenue and customer dissatisfaction. EG Workforce Solutions implemented a tailored RPO strategy, cutting hiring cycle time by 51%, improving retention by 52%, and boosting candidate engagement—leading to a long-term partnership.
EG’s RPO Solution Transforms Company’s Hiring Strategy
Facing nearly 100% turnover, a specialized living company needed a scalable hiring solution to improve efficiency and retention. EG Workforce Solutions revamped their recruitment and onboarding processes, reducing time-to-fill to 30 days, cutting onboarding time by 67%, and implementing data-driven strategies to address turnover causes.
Saving Our Client $2.1M+ Through Revolutionized Workforce Management
EG Workforce transformed the hiring strategy of a leading food manufacturer struggling with a 160% annual turnover among its 600 hourly employees. Without an Applicant Tracking System (ATS), identifying attrition trends was challenging, leading to high recruitment and training costs. By implementing a Recruitment Process Outsourcing (RPO) model, shifting to direct hires, and integrating EG’s proprietary ATS, the company saw a 30% improvement in first 30-day retention, reduced hiring costs by $150,000, and lowered overtime expenses from 6% to 2%, saving $170,000. Overall, these strategic changes resulted in total cost savings of over $2.1 million while improving workforce stability and operational efficiency.
End-to-End Talent Solution with $4.5 Million Savings
EG Workforce Solutions helped a client in a seasonal industry reduce high production labor costs by replacing a contract staffing model with a direct hire approach, improving recruitment, onboarding, and retention. This strategic shift resulted in over $4.5 million in annual cost savings, a 20% increase in new hire retention, and a 7% reduction in overtime expenses.
Faster, better, and at cost savings. Who said you can’t have all three?
Relocating a corporate headquarters comes with hiring challenges, especially for a multinational corporation needing to quickly establish its employer brand and workforce. By acting as an extension of their team, EG streamlined recruitment, reduced hiring time by 40%, and delivered $1.3 million in cost savings, ensuring a smooth transition and long-term hiring success.
Out-of-the-Box Thinking: Finding the Right Candidate
Situation The geographical location of a workplace plays a crucial role in attracting and retaining high-quality employees. The wrong location can cost millions in lost talent, productivity, and capital because of a small talent pool. Our higher education client is located in a niche market without a broad pool of local IT professionals to recruit […]
