Case Study: an Israeli multinational pharmaceutical company reduces hiring costs and time-to-hire with PeopleStrong

Redefining recruitment strategy to attract better talent

An Israeli multinational pharmaceutical company, the world's largest generic drug manufacturer, needed to revamp its recruitment process for over 400 roles. Its challenges included a need for compensation benchmarking, headhunting for top leadership, and launching a referral program for executive positions. The company engaged the vendor PeopleStrong for its recruitment process outsourcing (RPO) services to address these needs.

PeopleStrong implemented an end-to-end RPO solution that included designing a referral program for blue-collar positions and conducting compensation benchmarking. They streamlined the entire recruitment process, which significantly reduced the cost per hire and time to hire. The selection turnaround time was also cut, and PeopleStrong successfully closed 90% of white-collar positions through job portals and 80% of blue-collar roles through the new referral program, achieving an 85% closure rate through the optimized sourcing mix.