Simply Hired claims to reduce 58 percent cost per hire

SUNNYVALE, USA: Simply Hired released the results of a commissioned study conducted by Forrester Consulting. Forrester, in that study concludes that Simply Hired's performance-based recruitment advertising platform outperforms alternatives to deliver new hires at a significantly lower Cost per Hire (CPH).

When comparing CPH across four large platforms, Simply Hired reduced costs by 58 percent compared to two leading traditional job boards and by 7 percent compared to another job search engine. The study concludes that a company making 1,500 new hires a year would save over $1 million a year in recruiting costs by incorporating Simply Hired into its broader hiring strategy.

The study, which is based on performance data from a broad range of recruitment advertising campaigns provided to Forrester, also details Simply Hired's extensive value across other key dimensions such as quality of client services, year-over-year technology advances, and faster time-to-fill open positions. Specific benefits referenced in the study include:

• Dedicated Simply Hired client service experts optimize job listings and bid prices to help clients save additional expense with no incremental fees.

• Ongoing technology innovation delivers ongoing performance improvements at no extra cost - and with no development costs incurred by the client.

• Visibility and control to make adjustments throughout the course of a hiring campaign, resulting in flexibility unavailable through traditional job boards and more efficient time-to-fill job openings.

Forrester, who conducted the study on behalf of Simply Hired, developed the study based on in-depth quantitative analysis of a large data sample from over 50 hiring companies across more than 20 industries. This data sample, along with qualitative input and feedback, was provided by a large recruitment advertising agency with approximately 1,000 employees and over $100 million in revenue. The agency, which facilitates the hiring of more than 75,000 positions each year across all industries, has worked with Simply Hired for six years.

"The global recruitment industry is in a major transformation, and traditional approaches for reaching candidates are no longer viable for companies seeking to hire the right people efficiently," said James Beriker, CEO of Simply Hired.

"This transformation is reminiscent of the shift we saw from display advertising to search engine marketing in the early Internet-and it is great to see employers and recruiters embracing those technologies."