The most effective ways of reducing recruitment costs: the IRS survey

Employers have saved an average of between 10% and 25% of their recruitment expenditure in the past year from their cost-cutting initiatives, according to this IRS survey, which analyses the nature of these measures, those that have been found most effective and the prospects for recruitment budgets in the year ahead.

On this page:
Recruiting during economic crisis
Recruitment freezes
How recruitment costs are being controlled
      Alternatives to advertising
      Agencies and other recruitment suppliers
      Advertising methods
      Recruitment resources
      Vacancy management
      Application procedures
      Candidate assessment and selection
Methods with the greatest impact
Combining results for greater cost-effectiveness
Success rates of cost-cutting initiatives
Future prospects for recruitment expenditure
Our research
Table 1: Alternatives to recruitment advertising
Table 2: Changes to the use of agencies
Table 3: Better use of recruitment advertising
Table 4: Resources and administration
Table 5: Vacancy management
Table 6: Applications procedures
Table 7: Selection processes and selection criteria
Table 8: The most effective ways of reducing recruitment costs
Table 9: The best ways of improving the cost-effectiveness of recruitment
Additional resources
The most effective ways of reducing recruitment costs: data in full.