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Personnel Today

Bank saves with online recruits

by Personnel Today 7 Jan 2003
by Personnel Today 7 Jan 2003

HFC Bank says a new online recruitment programme will save it £500,000 a
year and improve the quality of new hires.

David Smith, head of HR operations in the UK and Europe, said HFC – the
largest independent finance house in the world – recruits up to 1,000 people a
year, and the way it was managing candidates through the recruiting process
needed to be improved.

"With the old system, branch managers had to look at too many CVs and
it was taking too long," he said. "We were asking too much of them.
We needed to remove the front-end log-jam and needed to filter more."

The new system, tailor-made by HR Portal, allows agencies to advertise
vacancies on the best job sites and includes a careers portal on the HFC Bank
website. It also provides better filtering of candidates and manages them
through the system.

Managers are now presented with a shorter list of more appropriate
candidates.

Smith said feedback indicated if candidates were good, reducing the number
of interviews needed and saving both time and money. "We are not removing
the manager from making decisions, we are just giving them better
candidates," he said.

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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