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.