12 May

Insurance giant creates a talent pool

first_imgRelated posts:No related photos. Comments are closed. USinsurance giant Prudential Financial is filling vacant positions more quicklyand has saved more than $2m since moving its recruitment process online 18months ago.MichaelLowe, vice-president of staffing, explained how the company has benefited sinceswitching from a reactive manual recruiting strategy to a proactive,results-based system on the Prudential corporate website.Acareers area, accessed via the home page, was designed to capture both activeand passive job-seeking candidates and build a high-quality talent pool inadvance of hiring demand.Thetechnology enables Prudential to continuously source talent and automate thewhole process from building a community of candidates to identifying jobrequirements, screening assessment, then interviewing and hiring.Thesite attracts around 40,000 visitors a month, with a capture rate of 19 percent. Two in 10 visitors leave a personal profile helping the company – whichrecruits 3,500 people a year – build up a talent pool.Benefitsof online recruiting–Hard savings of over $2m–Soft savings (productivity gains) of almost $4m–Established 188,000 recruiting relationships in talent pool within months–Reduced time to fill from 50 to 40 days–35 per cent reduction in dependence on recruitment agency–40 per cent reduction in print advertisingSource:Prudential Financial Previous Article Next Article Insurance giant creates a talent poolOn 22 Oct 2002 in Personnel Todaylast_img read more