August 05 Newsletter

Successful recruiting delivers better financial performance

At Beaumont Consulting we aim to find our clients the right candidate with minimal turn around time. Studies are showing that this has many positive outcomes. Global human capital consulting group, Watson Wyatt have found that employers who fill a position within two weeks and are able to hire their first choice candidate are more likely to financially outperform their competitors.

The research, which was the result of a comprehensive survey on the HR practices of 147 companies, has reaffirmed the link between financial performance and effective recruiting practices, with the level of shareholder returns dependant on successful hiring programs.

All companies included in the study employed 1,000 staff or more and generated a minimum revenue of $US100 million. Watson Wyatt ranked the companies according to total return to shareholders (TRS), which includes capital growth and dividends, over a three year period. It found employers that filled positions within two weeks had a 59% TRS (between 2002 and 2004), compared to 11% TRS for companies which took seven weeks or more to fill a vacancy.

It seems that it pays to hire your first choice candidate. Studies also showed that employers who made a successful hire from their first choice candidate (driven by employer branding) produced a three-year TRS of 44%, compared to 32% for companies which had to make two or more offers before hiring.

There are many factors which will determine finding the right candidate first time, such as the right recruitment agency, the right consultant who understands your business, the time you spend on the recruitment process and your skill in interviewing and search.

When thinking about hiring staff successfully think about how this can place you at a financial advantage over your competitors.

"An organisations first opportunity to increase value is effective recruiting," said Watson Wyatt global director Paul Platten.

Business is Booming at Beaumont Consulting!!!

Due to our recent expansion and continued growth of the business we are very pleased to introduce our 3 new fantastic consultants!!

Anita has joined us during very exciting times as we open our brand new Chatswood office! She has been recruiting for the past three years specialising in Business Support and both Tara and Anita are looking forward to growing and supporting clients based on the North Shore.

Sian has joined us to help develop and strengthen the Office Support Division after relocating to Australia from the UK. Sian has been recruiting for the past 8 years, with the last 3 in management roles specialising in both temporary and permanent. Sian is looking forward to working along side an established team who share her passion and enthusiasm for recruitment.

Vivian completes the Office Support division and comes with a wealth of recruitment knowledge having four years experience in the industry as well as working on the other side within a strategic HR role. Vivian will be recruiting temporary and permanent positions for office support roles.

Temp of the month

Outstanding performance from our temps doesn’t go unnoticed. We truly appreciate, and like to therefore acknowledge the great work they are doing for us.

Our August Temp of the Month award had to be split as the guys in question are friends at the same work place and doing an equally fab job. So congratulations to Nick Dooley and Mike Emery.

Nick and Mike are pictured here whilst on assignment at Regal Health. They get $100 from a store of their choice.

Joke of the month

The Job Interview

Reaching the end of a job interview, the human resources person asked a young graduate fresh out of UTS, "And what starting salary were you looking for?"

The graduate said, "In the neighborhood of $125,000 a year, depending on the benefits package."

The interviewer said, "Well, what would you say to a five-week vacation, 14 paid holidays, full medical and dental, company matching your retirement fund to 50% of your salary, and a company car leased every two years, say, a red Corvette?"

The young engineer sat up straight and said, "Wow! Are you kidding?"

The interviewer replied, "Yeah, but you started it."

Quote of the month

"Work is either fun or drudgery. It depends on your attitude. I like fun." Colleen C. Barrett