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ReTRiM Recruitment & Talent Retention Management
“At 45.9% of all operating expenses, labor and related costs continue to represent the largest expense item for hotels. Over the long term, labor costs have consistently run very close to 34% of total revenue. In 2004, labor costs were 34.4% of total revenue. If this trend persists hoteliers will find increasing pressure on their profit margins.”(PKF Hospitality Research, May 9th 2005)
ReTRiM contributes to a reduction in labor-related costs, including recruitment and training, by enabling hotels to efficiently recruit from their existing internal talent pool. Wherever this is not possible, ReTRiM also powers the corporate career web site, screening all external applicants before reaching the HR office.
ReTRiM Recruitment & Talent Retention Management
“According to the United States Department of Labor, by the year 2010, the [US] hospitality industry will need 1.6 million new workers. During that same period, the available labor force growth is expected to dwindle to near zero. In simple terms this means that our industry will have significantly more job openings than it does job seekers””(Robert Habeeb, Hotel Interactive, June 24th 2005)
Retention of current talent must be among the most important answers to this challenge. Under these circumstances, the industry cannot afford to allow existing talent to evaporate, and therefore ReTRiM is the answer. Offer your existing workforce the opportunities to advance their careers according to their skills, experience and preferences.
What the experts say“Redmatch takes recruiting beyond simply putting round pegs in round holes. It represents a new generation of recruitment tools…. Redmatch is in an excellent position to become the technology partner to many employment related sites”. Peter Weddle (Weddle's Newsletters & Guides on e-recruiting, December 2001)
“Redmatch offers a product that uses AI (artificial intelligence) to take matching to a whole new level, making keyword searching and resumé parsing technology look silly.”Dr Charles Handler (Electronic Recruiting Exchange, September 2002)
“Redmatch offers a solution that is the most advanced I have seen to date”David Hurst (Online Recruitment Magazine)
“Redmatch is the planet Earth's best job placement application. It can perform so many functions that it is better to visit the web site and review for yourself.”Budd Margolis (Pool Online, December 2002)
“Redmatch’s software matches job-seekers with available positions based on skills and requirements, reducing the time needed to sift through ads and resumés.”Olga Karif (Business Week Online, August 2004)
The challenges facing the HR manager
To reduce labor-related expenses (recruitment & training) To attract and hire the highest quality talent To recruit the most qualified candidate for the position To retain existing talent, especially managers and
potential managers, by providing them with appropriate career opportunities
To manage both talent retention and external recruitment using a single, powerful, web-based system with lowest possible TCO
The challenges facing present and prospective employees To advance within the company
To learn of new opportunities within the company’s worldwide locations
To learn of opportunities to be employed by, and become part of, an organization that enables and actively encourages internal advancement
To use their time efficiently when job-searching
To make use of low-cost services for job-searching
Present Internet and Intranet recruitment solutions
Current solutions require that candidates survey job
openings and then send their resumé separately to many
different addresses
HR Managers review huge numbers of applications, most of
which are of no interest (“resumass”)
Lacking a tool to review interested candidates from within
their own company, HR managers often use the services of
external and costly employment agencies
Due to the lack of a competent internal search tool, many
employees are attracted to serendipitous offers from
competitors
ReTRiM Talent Matching Solution (1)
A revolutionary web application that handles internal and external
recruitment in a single system
Dramatically reduces recruitment time and costs
Specifically customized for the hospitality industry
Provides a totally new experience, utilizing patented “Matching”
technologies. Applicants can instantly discover for which positions
they qualify. Employers can zero in on the most qualified
candidates
Provided on an ASP basis with no need for software installation
ReTRiM Talent Matching Solution (2)
Powers the corporation’s career site and can be interfaced to
internal HR systems
Can be automatically linked to wide range of online newspaper job
sections, causing position to be published on those web sites, and
making the existing candidate databases available for selection
Builds a live resumé database with a personal account for each
candidate
Utilizes a “Relationship Engine” that helps maintain long-term
contacts with candidates and alerts them about new, matching job
opportunities
ReTRiM unique reciprocal matching
Employer’s Job Specifications
Candidate’s Profile & Preferences
Reciprocal Match Viewed by Both
Parties
How does it work?
Recruiters set rules regarding job openings
Recruiters define job requirements
Recruiters can instantly view resumés of all matching
candidates from the database of all applicants, both
internal and external
Candidates are scored and graded according to how well
they fit the job requirements
Recruiters decide who will be notified about the job opening
Matching candidates are notified via e-mail or SMS and
invited to review the job and apply
Create a position profile and publish it
once
Exposure
Employee Database
(Controlled Match)
Hotel ChainCareer
Site
Independent Hotel
Career Site
External Candidate Database
(Automatic Match)
Screening
Talent Matching Engine
Output Options
Scored & graded candidates are
viewed and managed online
Fax and e-Mail of candidates
Management
Online Management – Basic
Online Management – Advanced (ATS)
Following are some sample screenshots
as presented to the application user
ReTRiM transforms the hotel career website into a highly interactive tool for recruiting, enabling employees and external candidates to join the hotel talent community, build profiles, set preferences, and communicate with the organization.
A powerful Hotel Career Web Site
Candidates are “Profiled” and receive a private, password-protected, account
Candidate receives a complete career management application
Integrated Employer-candidate Messaging system
Integrated Employer-candidate Messaging system
Job MatchesJob Matches
Marked for follow-up
Marked for follow-up
Managers and hiring authorities receive a powerful online talent management tool
Review candidates starting with the highest
match level
Review candidates starting with the highest
match level
Send to and receive messages from
candidates
Send to and receive messages from
candidates
Applicants in whom you are interested can be marked
with a red match
Applicants in whom you are interested can be marked
with a red match
Click to view the candidate’s profile and
match analysis
Click to view the candidate’s profile and
match analysis
Fully integrated Applicant Tracking
System
Fully integrated Applicant Tracking
System
Hiring authorities receive the matching candidate’s profile and qualification analysis, including answers to qualifying questions.
Hiring authorities receive the matching candidate’s profile and qualification analysis, including answers to qualifying questions.
An integrated Applicant Tracking System
Track recruitment process per candidate with opinions
and valuations
Track recruitment process per candidate with opinions
and valuations
Define stages of recruitment per
available position
Define stages of recruitment per
available position
Integrated with web-based integrity testing systems
Candidate receives message to perform
integrity testing, with link. Results updated in
candidate file automatically
Candidate receives message to perform
integrity testing, with link. Results updated in
candidate file automatically
Complete central management and monitoring
ReTRiM benefits (1)
Enables employees to take control of their careers, increasing
their levels of satisfaction and therefore retention
Helps HR and line managers to identify and develop top
candidates
Reduces cost by empowering employees to pursue their 'dream
job' within your organization instead of with the competition
Saves valuable manager and HR professional time by automating
much of the recruitment and the staff retention process
Each published position receives unique URL to enable easy
publishing on additional recruitment web sites without having to
re-enter position details
ReTRiM benefits (2)
Reduces turn over and the cost of hiring and of re-training
Retains internal company knowledge and minimizes loss of
company assets
Automatically retains unsuccessful candidate profiles on
record for future vacancies
Dramatically reduces chances of human error in screening
process
Reduces response time from days or weeks, to a matter of
minutes
ReTRiM benefits (3)
Need to recruit for positions not dedicated to the
hospitality industry (marketing, for example)?
Publish the position through ReTRiM and the entire
candidate database of The Job Network is at your
fingertips. As of May 2005, this database consists of over
1.5 million candidates, growing at a rate of tens of
thousands every month.
In addition, the position is available for view through The
Job Network, attracting a vast audience of potential
employees for ReTRiM to screen on your behalf.
ReTRiM
There are dozens of vendors offering applicant tracking solutions and career web sites, but the solution offered by ReTRiM is based on a matching concept which pays off in exceptional benefits.
Similar to a magnet which pulls metal shavings out of a pile of sand, ReTRiM Recruiter’s patent-pending Job Matching Engine automatically pulls out the relevant job candidates from the masses of job seekers. So the endless stream of irrelevant resumes (“resumass”) simply disappears, and the right candidates float to the top for your immediate attention.
Frequently Asked Questions
How many candidate profiles exist today?
• As of May 2005, over 1.5 million potential employees are registered with The Job Network
How many new candidates are registering every month?
• Tens of thousands of new profiles are being added on average every month
How many positions are available on average?
• At any one time, about 70,000 positions are available on The Job Network
How much does it cost me?
• As a candidate, you can register and maintain your profile for a minimal charge, paid once, and valid for your entire career path
• As an employer or recruiter, there are several alternative packages from which you can choose. Contact us for more details
Thank you for taking the time to look atour recruitment and talent retention
solution
If you are interested in hearing more about the HSMT Group, our products and services,
Please contact our Sales department