Why Gain Time Trend Spotting Hard-to-Find Candidates Peak Application Times Sector Monitoring Peak Application Times Maximize Return on Investment 1 2 3 4 Tracking Processes Quality vs. Quantity Broadbean?
1 Gain Time
Gain Time with an I ntegrated W orkflow Jobs Created Reference # A ssigned Response Analytics Jobs Posted to O nline B oards Manage Responses
2 Trend Spotting
Current Live Jobs P ie Chart The live sector pie chart can give you a simple overview of the distribution of postings across all job boards. The report can also quickly indicate offices or branches that heavily use one job board over another.
Peak time application report The weekly application report shows the number of applications you receive per hour, over the period of a week. In conjunction with the delayed posting time feature, available at the 3 rd stage of posting, this data can be utilized to ensure jobs are being posted just before peak application times.
Sector Performance Monitor This report displays jobs with high application rates against jobs where candidates are in short supply. This information will determine ROI and whether or not the use of niche boards is required or if alternate channels for candidate attraction should be considered.
3 Maximizing ROI
Know Your Spend Know Weaknesses Budget W isely Get More for Your Buck
Total Cost Cost per Posting Number of Jobs posted 200 Job Board 1 200 $ 5000 $ 2000 Job Board 2 $ 25 $ 10 How Most Recruiters / Hiring Managers T rack S pend
Total Cost Cost per Advert Number of applications Cost per application Number of Jobs posted 200 Job Board 1 200 $ 5000 $ 2000 Job Board 2 $ 25 $ 10 200 242 $ 25 $ 8.26 How to Track Job Posting Dollars M ore Effectively
Total Cost Cost per Advert Number of applications Cost per application Number of Jobs posted Number of placements Cost per placement 200 Job Board 1 200 $ 5000 $ 2000 Job Board 2 $ 25 $ 10 200 242 $ 25 $ 8.26 40 5 $ 125.00 $ 400.00 How to Track Quality of Spend
Monitor Quality of Response with Broadbean
Follow the number of applications and a ratio of the responses per posting for each job board. This data is used to observe which boards supply the highest application count per postings – the highest return. Monitor the boards that provide a high ratio of unsuitable candidates. Distinguish which job boards produce suitable candidates, those that are shortlisted or added to the database. Response Analysis Report
View Applicant Drop-Off for boards where apply online is used.. This data is used to improve the application process with each board to maximize the number of candidates that register. In this example, Jobs In The Money has the lowest drop-off with Simply Hired having the highest. Apply Online Report
Comparing Candidate Application Data All reports can be drilled down to compare application data across each job board, sector, and even specific salary ranges. Branches and divisions can be compared to see how they perform against each other. In this example, the Milwaukee Downtown branch are experiencing higher application and lower drop off ratios compared to the Milwaukee West branch
Entering the C ost per Post By entering Cost per Post, the cost of advertising to each job board is displayed to users as they post jobs. A total cost for advertising is displayed at the top of the page.
The new cost reports will allow you to clearly see your total spend and cost per application by individual job board Due to the link with DT we can also see the cost of uncompleted applications Cost Reporting Board Adverts Posted Total Cost Responses Cost per Application Uncompleted DT Cost for Uncompleted Monster 155 $ 620.00 671 $ 0.92 332 $ 296.24 -47.99% DICE 111 $ 2,756.00 200 $ 13.78 - - Career Builder 153 $ 765.00 1330 $ 0.58 592 $ 340.51 -44.51% Total 419 $4,141.00 2001 $5.09 914 $ 636.75 -45.67%
4 Reach Hard-to-Find Candidates
Weekends? Weekdays? Know the P eak T imes of Responses ?
Peak time response rates
Trial Job Boards- Free or Paid
Summary Increase Phone T ime Increase Quantity of Applicants Increase Quality of Candidates Reduce Costs Manage Online S pend Improve Bottom Line