OneDegree Hong Kong and CPjobs, a leading recruitment online platform, today announce the launch of a hiring warranty for employers. With the warranty, the first of its kind in Hong Kong, employers can better manage their hiring costs in today’s dynamic job market.
Finding the right candidate takes time, but the extra expenses associated with advertising a job role can become a burden if a new hire decides to take another opportunity. Employers recruiting through CPjobs now have the option to purchase a hiring warranty, which guarantees a refund in the form of tokens if a candidate hired through CPjobs resigns within 6 months following probation.
Feeling the effects from the pandemic, many businesses are cautious about recruitment plans this year; according to the Hong Kong Institute of Human Resource Management1, less than 5% of companies surveyed intend to increase hiring in the first half of 2021. OneDegree and CPjobs are aware of the common pain points for human resources teams; by introducing the warranty, the two firms hope to help employers budget their recruitment costs with greater certainty, knowing that resources committed to hiring will not go to waste.
OneDegree Hong Kong brings to the partnership its expertise in tailoring protection products for companies in logistics and e-commerce. CPJobs is the insurer’s first digital recruitment partner. For CPjobs, adding a warranty option rounds out its comprehensive hiring service, providing clients with extra protection against employee turnover. For more information about the hiring warranty, please visit https://hr.cpjobs.com/hiring-warranty.
1. HKIHRM survey: https://www.hkihrm.org/index.php/component/content/article/569-s/mb/member/hr-statistics/manpower-trend-manpower-change-turnover-rate-vacancy-rate/2706-turnover-rate-and-vacancy-rate-2nd-half-of-2020-en