Financial Impact Analysis

Q4B empowers our clients to optimize recruitment spend. In our experience, most companies calculate "spend" only from the perspective of direct costs incurred within HR/Recruiting. The fact is, HR has the power to financially impact the entire organization.

Q4B's proprietary Financial Impact Analysis (FIA) is a sophisticated tool designed to help you understand the costs associated with your company's current talent acquisition strategies.

An FIA examines:

Direct Costs - Sourcing, Screening, Agency Fees, Guarantees
Indirect Costs - Inefficient use of hiring manager time, lost productivity, turnover costs, low morale
Opportunity Costs/Risks - Revenues lost to inefficient time use or vacant positions? Risk avoidance?

Our consultants sit down with you and delve into your current recruiting practices. We leverage our depth of employment knowledge to bring attention to pieces of information that you may not have focused on before bringing visibility to hidden recruitment costs. The resulting FIA is a report card on your current processes offering a crystal-clear vision of the overall financial impact your recruiting efforts have on your business, as well as your true cost per hire.

The FIA also includes a side-by-side comparison of how Q4B's fixed price contracts could dramatically reduce your recruitment expenses. We use your own operational data to help point you to a recruitment solution that makes the best sense, not to mention helps you justify the optimized spend.

Because Q4B's FIA is a true consulting tool and not simply a sales tool, we'll have proof if our services cannot be financially justified. Our goal is to give you an accurate picture of how your recruiting expenditures affect operating costs and overall company earnings.

Below is a sample FIA summary output created for a $2 billion, multinational company.

Contact us today to schedule Q4B's FIA for your company.