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27
May
2012

Free hiring: The secret of a $0 cost per hire. Part I

All the tips and tricks you need to get your cost per hire down to $0.

Free hiring: The secret of a $0 cost per hire. Part I

Let’s be honest, recruitment can be expensive both in terms of time and money. But does it really have to be that way?

In this Three Part series we will list some great free tools out there that recruiters can use to find and hire people for free. Even if a cost per hire of $0 is unrealistic for most employers, there are many ways to keep the costs as low as possible.

Free job boards……..are you using them? 

There are loads of free job boards out there. Ok, so they may not quite have the coverage that some of the big players have but free is still free and if you make just the occasional hire from it then down goes your cost per hire!!! Do a Google search ‘free job board’ and you’ll be amazed at what you can find. 

Here are just a few we’ve looked at: 

  1. Jobmax 
  2. execitive-i 
  3. 4 Jobs Online 
  4. Jobvertise 
  5. Job Spider (US only)
  6. 3wjobs 
  7. Staffbay 

Still using email to get cvs in? Oh dear.

Use an applicant tracking system (a free one) to build your own talent pool. There are a few really good systems out there that can help you manage your hiring programmes for you. The system does all the donkey work for you like bulk rejecting applications etc………all saving you precious time.

IKRUT is a great example……..and it’s completely free. Ok, so we’re biased because it’s ours but hundreds of companies use it for the very good reason that it does a lot of the work for you.

But the main reason for using an applicant tracking system is the ability for you to store cvs easily and retrieve them just as quickly. If you get cvs in now for a job and think they could be useful in the future, try not to log the cvs in email folders, filing cabinets or excel spreadsheets………that will only get you so far.

A cv database will allow you to store unlimited cvs with a couple of clicks, search them by detailed criteria in seconds and send bulk emails with details of a role……..oh and this is all free if you’re using a free applicant tracking system.

It will also allow potentially interested jobseekers to log their cv with you for future roles by dropping their cv directly into your talent bank even if they can’t see a role right now that they’d like to apply for. There’s nothing for you to do but search it when you’re next hiring, find suitable candidates and sign them up for without spending a dime.

Don’t forget, the cvs that you get in are exactly the same as the cvs that agencies get, they just store them and retrieve them better than direct employers then charge you 20% for the privilege of sending you a cv that you received directly 12 months ago but failed to store correctly.

Stay tuned for Part II of this series with a focus on Social Media.

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This blog post series is from the e-book: The 21 tips and tricks they don’t teach you at Harvard Business School about recruiting. It can be viewed in full at: http://www.zodo.co.uk/zodo.pdf

 

Categories: Applicant Tracking, Job Boards

About the Author

Nick Leigh-Morgan

Nick Leigh-Morgan

Nick Leigh-Morgan is the Managing Director of Zodo, a company which specializes in providing free recruitment systems to small and medium sized employers. Nick has over 15 years experience in recruitment having worked across staffing agencies, client side and software suppliers.

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