The recruitment industry has seen a considerable amount of changes in the last few years. Topics such as employer branding, recruitment marketing, and the candidate experience have all taken the center stage, highlighting the inherent importance of different factors within the field.
The novel addition to these recruitment practices now includes RORI, which now gives acquisition specialists a way to monetize recruitment by tapping into the sharing economy through a peer-to-peer recruitment platform.
Recruitment campaigns can expend a lot of time, effort and resources. More often than not, in between advertising campaigns, marketing efforts, and third-party consultation, finding a new hire can quickly become a daunting and expensive task.
After closing the job position and hiring the candidate(s) we were looking for, we consider the recruitment campaign complete.
What about the ones we did not hire? Despite not retaining them, there remains a considerable investment put towards attracting candidates to apply; so why let that investment go to waste?
RORI stands for Return On Recruitment Investment. RORI allows recruiters to recoup their recruitment costs, and even turn a profit on recruitment campaigns.
How does RORI work?
RORI entails getting a return on your recruitment investment by referring your candidates to compatible opportunities. By referring your candidates, you allow other recruiters to hire from your talent pool while you recoup the investment put into attracting your candidates.
Use Vela for RORI
When you close a job position, refer your interview finalists to Vela, and we’ll connect them with other compatible opportunities just like yours. When they get hired, we’ll pay you for being a positive resource and for helping them find a job.
Use Vela to unlock the power of peer-to-peer recruitment and begin making recruitment profitable for you and your organization!