PricewaterhouseCoopers change their recruiting process
Even in crisis times, the ‘war’ for talented and high potential graduates is still raging. PricewaterhouseCoopers (PwC), one of the top three auditing and consulting companies worldwide, faces the global challenge of how to identify, recruit and retain the best of approx. 30,000 applicants annually. Understandably, efficiency and speed, along with the quality of the pre-selection decision, were key requirements for updating the recruitment work flow.
cut-e was able to make decisive changes to online recruiting. In addition to CV related data, relevant information about the potential of the applicants is now also captured. The questionnaire ‘shapes’ provides the applicant with a ‘self check’ and two optional ability tests enrich the profile. All this data is then used to match the applicant with the current vacancies within PwC Assurance, Tax and Advisory. This ensures that the applicant is channelled quickly and with a good fit to the relevant vacancy.
First results: the average time to hire has been reduced by 50 per cent to just 20 days. An additional, and very pleasing, side effect: the cost of the application process has been reduced by 15 per cent.