Last month, Inc.com announced their annual list of the 500 fastest growing businesses in the United States. The magazine also asked the top 500 CEOs a question: “What could hinder company growth?” The top answer was revealing. “Finding talented workers.” That’s right, even the biggest companies in the world need help to find talent.
In total, Inc. 500 companies employ 46,600 people – an average of 36 employees per company. According to the survey, once companies grow beyond 5-10 employees, hiring gets more difficult and becomes a top concern for the CEO.
Hiring the best employees is critical when the goal is to build a strong company. But how do you really know that you’re hiring the right person? According to recent studies, replacing a bad hire can cost up to five times the employee’s annual salary (Society for Human Resources Management). The Harvard Business Review found that 80% of employee turnover is a result of hiring the wrong candidate. In a CareerBuilder survey, 69% of employers reported that bad hires lowered their company’s productivity, affected morale and even resulted in legal issues. These numbers don’t tell the whole story, since poor hiring choices mean that opportunities for new business and new clients are lost – and so is forward momentum.
Find Talent With The Right Tools
To hire the best talent, small businesses need the right tools, but those tools often seem out of reach. Most small companies have a hard time justifying the high costs and lengthy contracts associated with applicant tracking systems designed for large enterprises. As a result, problems arise. Inboxes become packed with resumes, and sorting through them can steal up to 60% of a hiring manager’s time. Bottlenecks increase time to hire by weeks and months. Advertising is expensive, too. Worse, it can funnel the wrong applicants right down the line and straight into an interview.
Find Talent With The Resumator
Inc. 500 companies, including Livestream, Bizo and Likeable Media, have turned to The Resumator applicant tracking and recruiting software to address these concerns. James Rapport, director of premium sales at 12th-ranked Livestream, praises the platform’s timesaving ability. “I have used The Resumator at Livestream for all of the hiring I have done in the last six months,” he says. “I cannot count how many hours The Resumator has saved.”
Likeable Media comes in at number 146, and Brian Murray, the company’s director of talent, also uses The Resumator to save time. “Email was taking up 70% of my day just trying to locate resumes. I wanted to change the hiring process at Likeable, and The Resumator actually gave me suggestions on how to improve it. The platform has been amazing and has eliminated email as our method of collecting resumes.”
Hilary Clarke, recruiting manager at 86th-ranked Bizo, gets a lot out of the system’s streamlined interface and ease of use. “As the only recruiter,” she says, “I needed a recruiting system suited for me, not one that required a massive hiring team. The Resumator is so intuitive and easy to use, I don’t have to think about what the next step in the process is. I already know.”
Don Charlton, CEO and founder of The Resumator, isn’t surprised that Inc. 500 companies are rapidly adopting the web-based hiring solution. “Honestly, hiring is too easy for companies,” he says. “It doesn’t take much effort to get a few semi-qualified candidates in the door and to extend a job offer, but the cost of a misstep in the process can be catastrophic.” The Resumator’s scalability, intuitiveness and cost-effectiveness makes it easier for companies of all sizes – even those with smaller recruiting budgets – to make smarter hiring decisions.
“Today’s growing companies are realizing the importance of making the right hires,” Charlton says. “Smart hiring correlates with both short-term and long-term success, and I am thrilled to offer these companies a cost-effective and scalable solution that enables them to hire with confidence.”
Named one of the “100 Brilliant Companies” of 2011 by Entrepreneur Magazine, The Resumator has provided recruiting and hiring solutions to businesses of all sizes since January, 2009. In three short years, it has amassed over 10,000 users and has attracted over 1.5 million resumes. Today, the Pittsburgh-based company provides the chosen social hiring platform for over 1,200 employers worldwide, and for employers of all sizes. By offering a superior, feature-rich product, The Resumator is taking over the world of social hiring, one client at a time.
To learn more about how The Resumator can help you find talented people, visit theresumator.com or call us at 888-353-0887