15th May 2008 07:00
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For Immediate Release |
15 May 2008 |
Bond International Software plc
("Bond" or "the Company")
The Co-operative Group selects Bond Talent
Bond International Software, the world's leading provider of staffing software solutions, today announced that the Company has been chosen by The Co-operative Group, the family of retail and financial services ranging from food to banking, to supply Bond Talent online recruitment & talent management software in a 3-year six-figure contract. The Co-operative Group expects Bond Talent will achieve over 100% return on investment (ROI) by allowing the recruitment department to manage its recruitment processes internally, whilst also reducing time and costs per hire.
Bond Talent will initially be deployed across the whole of the Co-operative Trading arm of the business which includes, amongst other departments Food, Funerals, Pharmacy and Travel, with the pilot system being run in the Food division. Bond Talent has been brought on board to drive the business closer towards a direct sourcing business model, to reduce time-per-hire and cost-per-hire metrics and to improve the recruitment experience both internally and for the candidate. In so doing, the full implementation of Bond Talent is anticipated to produce over 100% ROI, with some excellent 'soft' benefits including enhanced candidate experience, developing a stronger on-line sourcing strategy and providing the tools to enable talent banking and pooling of speculative candidates for improved internal search capability.
Genevieve Bradbury, Recruitment Project Manager for The Co-operative Group, explains, "Due to our extensive recruitment needs across the business, we were spending millions of pounds on external recruitment fees and advertising campaigns. Through Bond Talent, we can develop a new e-recruitment presence and through the independence this will allow us, reduce costs significantly. Added to this, by integrating our vacancy posting, application process and internal talent management and running these through the same flexible web portal, we are able to greatly reduce our time and costs per hire."
Bradbury continues, "We chose Bond Talent primarily because of its cost-effectiveness, but also because of Bond International Software's excellent pedigree in the recruitment market. Bond Talent allows organisations, such as ours, to manage our own talent and recruitment needs, generate up-to-date reports, manage and monitor key resourcing metrics and remove reliance on traditional paper records - their proposition was something we couldn't ignore."
"We had not originally considered Bond for our e-recruitment, being unaware of their product offering and Bond Talent's functionality," Bradbury adds, "However, on seeing its full potential, its ability to adapt within our existing processes and also Bond's expertise within the staffing industry, we were very keen to learn more and add them to our shortlist."
Bradbury concludes, "Through Bond Talent, we are able to enhance our employer brand by making the application process slicker and more user-friendly. At the same time, because of the software's flexibility and thoroughness, we have a new ability to produce accurate business intelligence reports, set KPIs and manage our own talent pool to its full potential, allowing us to direct the business towards an independent sourcing strategy and reap the financial benefits this affords."
For further information, please contact:
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Bond International Software Plc: |
Tel: 01903 707070 |
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Steve Russell : Group Chief Executive |
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Bruce Morrison : Group Finance Director |
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Tim Richards : UK Managing Director |
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Oriel Securities |
Tel: 020 7710 7614 |
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Andrew Edwards / Jonathan Walker |
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Buchanan Communications: Tim Thompson / Nicola Cronk / Robin Haddrill |
Tel: 020 7466 5000 |
About Bond International Software
Bond International specialises in the provision of Talent Management and e-Recruitment software solutions to corporate companies across the globe.
Established in 1973, Bond International has secured an enviable position as a market leader in the talent management software industry. Listed on the London Stock Exchange since 1997, the company has consistently achieved financial growth and maximised investment in the development of technology and service provided to its international client base.
It has over 30 years experience in the development and creation of products and services that have become industry standards. Headquartered in the United Kingdom, the group also has offices in the United States, Australasia, South Africa and Hong Kong with a global team of over 350 employees.
About Bond Talent www.bondtalent.com
Bond Talent is a specialist application for the global recruitment and talent management markets which has been designed to greatly reduce hiring costs and to enhance the strategic capability of in-house resourcing teams. The system is user-friendly and very flexible allowing for reduced paperwork and improved efficiency. This gives key recruitment staff more time to concentrate on developmental rather than administrative tasks.
About The Co-operative Group
The Co-operative Group is the world's largest consumer co-operative with a family of businesses including high street Food stores, Travel, Funerals and Pharmacy branches as well as financial services such as banking and insurance. The Group has an annual turnover in excess of £9bn, with 83,000 employees and more than 4,000 store and branch locations across the UK.
The Co-operative Group exists to serve the interests of its members, who share in our profits according to how much they spend with the business. Members also have the opportunity to influence the future development of the Group through regional and national democratic structures.
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