TRAC Reporting

For companies on the growth track, recruitment very quickly becomes the lifeline that ensures they have the people they need in order maintain market relevance, while still preparing for the future. In this dynamic marketplace, the value of targeted information is immeasurable. The JCSI Total Recruitment Analysis of Cost (TRAC) is a comprehensive look at where your recruitment dollars are going and offers insight on how to use them most effectively.

Evaluating Efficiency

The JCSI Total Recruitment Analysis of Cost (TRAC) is a proprietary tool for evaluating the efficiency of your company’s recruiting investment. TRAC offers an incomparable leveraging tool with which to promote positive changes or enhancements to your existing recruitment process. It is easier to make strategic recruitment decisions quickly when you have the right information at your finger tips.

TRAC gives you that by:

• Calculating for Cost of Vacancy (COV) – Cost of Vacancy is defined as the lost productivity or revenue (in dollars) from the date that the opening begins (i.e. existing position becomes vacant or new position is created) to the date the position is actually filled.
• Determining the Recruitment Efficiency Index (REI) – Recruitment Efficiency Index is the Total Staffing Costs divided by the Total Yearly Compensation of those recruited within your organization.
• Identifying Savings Opportunities – Your savings come from several key areas— including identifying excess spending on recruitment related advertising, job postings, and contractor fees. In addition we will highlight those areas that deserve a higher concentration of resources in order to maximize your recruitment efforts.