First up – because it does contain such a blatant “advert” I want to point out that iProfile aren’t advertising with us (although they ought to be) and they haven’t paid me to write this!
They recently sent me a press release talking about Measuring Return on Investment (ROI).
ROI is something that recruiters talk about all the time. It can be complicated to measure (ROI from a new software upgrade) or easy (ROI from one job board post) but I bet that not many recruiters measure it at all!
iProfile have developed a calculator which evaluates the amount of placements you should make based on the size of your candidate database (using your existing stats).
The actual reason for them creating the ROI calculator is to show you the monetary profit iProfile can help your business develop if you were to use their system. If you are interested you can read more on their site obviously but at the most basic level the way it works is that iProfile clients find that on average for every 1 new CV their contribute to the network, they receive another 5 updated iProfiles from other iProfile recruitment companies.
Aside from the promotional element of the calculator I think it’s a good demonstration of the sort of figures recruiters ought to be tracking and an useful overview of what your results might be if you hit your figures.
