The ROI For Healthcare Talent Managment

The Return on Investment from Improving the Recruiting Process with HealthcareSource Position Manager®

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HealthcareSource Position Manager® makes inefficient and costly recruiting a thing of the past. Used at more than 1,000 healthcare facilities, HealthcareSource is the clear leader in Applicant Tracking Solutions for Healthcare providers. It simplifies speeds and improves the entire recruitment process – requisitions, job postings, candidate applications, candidate screening and interviewing, offers and onboarding. It was developed just for healthcare, is easy to use, and quick to implement - all at a fair cost with excellent return on investment. The result? Quicker time to fill and time to hire, better retention, reduced cost and time on HR processes, and compliance.

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Lets do the math

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Nucleus Research is a global provider of investigative technology

research and advisory services. Building on its unique ROI case study

approach, for nearly a decade Nucleus Research has delivered insight

and analysis on the true value of technology and strategies for

maximizing current investments and exploiting new technology

opportunities. www.NucleusResearch.com.

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When does?

When a respected research firm spoke with 46 hospitals about the return they

got from Position Manager.

Lets look at the numbers in more detail..




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Return on Investment

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Reduction in average days to fill

•Overtime reduction from reduced time to fill

•$15/hr for 88 hours is $1320 per hire

•@300 hires, $400K in savings

•@150 hires, $200k in savings

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“The [hiring] process is much smoother. Things are at our fingertips now.

We’re able to review the application much more quickly online”

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Hours saved per week per HR rep

•Equivalent to ½ FTE for every 3 recruiters

•Equivalent to $7211 per HR rep per year

•95% of customers had productivity gains

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“[It] enables all recruiters to keep track of each other and lets us work

better as a team. It lets us process applications quickly and communicate

with our managers more effectively. I has been a great tool for us. ”

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Hours saved per hire per hiring

manager

• @1000 hires, time savings equivalent to

$56,790 or almost one full time manager

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“The [hiring] process is much smoother. Things are at our fingertips now.

We’re abe to review the application much more quickly online”

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Percent potential reduction of

advertising budget

• Reduce spend and get same candidates or

spend the same and get more candidates

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“It just opens up a whole wider range or applicants. We went from 1,000

applicants a year to 20,000.”

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% reduction in copying, postage and

paper related costs

Average savings of $1940 per year

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“We’re drawing in more qualified applicants. These are people who didn’t

have time to come in and fill out the application. We can get them from

anywhere on the internet.”

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Months or fewer for return on

investment

• Savings of $30k to hundreds of thousands

of dollars per year

• Savings in year one

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“I’d die without it. There was such an overwhelming amount of work to do

before.”

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Download the full report atwww.healthcaresource.com/learning/research

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HealthcareSource also has a full ROI model to help you predict what the ROI

would be for your organization. For a free ROI consultation, contact us at

[email protected]

Why HealthcareSource?

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We know healthcare• 100% focused on hospitals and

healthcare• Over 1,000 healthcare facilities use our

solutions every day• Full talent management suite of

solutions

We make it easy• Our services employees are former healthcare HR professionals• Software-as-a-Service results in fast, easy and low cost implementations• 96%+ customer satisfaction and customer retention

We provide a safe, high payback investment• Great return on investment• Fair and predictable costs – low annual fees• We are financially sound, profitable, growing

More information or demo?

www.healthcaresource.com/contact

800.869.5200

[email protected]

The ROI For Healthcare Talent Managment

Health & Medicine

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