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www.nationalhrawards.com
the complexity of it and the challenge of it — there were people from IT,
e-business, fi nance helped us put the business case together and track the
benefi ts (and) the project management offi ce was really top notch to help
us manage the project."
The project also made sense from a fi nancial perspective. The approved
budget, excluding time of employees assigned to the project, was $550,000
and the payback period was estimated to be six years, mainly through
cost-per-hire savings. Other non-tangible benefi ts were also considered,
such as gains in productivity, reduced time to fi ll a role and an improved
employee/job candidate experience.
And the results over the past year were soon apparent:
• Decrease of cost per hire from $6,291to $5,118 for total savings of
$389,436 (332 new employees hired last year).
• Reduction of time to fi ll from date of posting to offer acceptance
from 70 days to 54 days.
• Estimated savings of 20 per cent of administrative time spent by HR
partners' teams on recruitment and onboarding.
• Increase of overall satisfaction of interviewed candidates of
recruitment process from 75 per cent to 84 per cent.
• Increase of satisfaction of hiring leaders with recruitment process
from 66 per cent to 88 per cent.
Hiring leaders appreciate improved process
BDC < pg.23
Fidelity gives
CSR < pg.23
Fidelity is also involved in
disaster relief fundraising and last
spring, it directed the proceeds
of its weekly Jeans Day initiative
towards the Canadian Red Cross
in support of the Alberta Wildfi res
Relief Fund.
The Rexall OneWalk to Conquer
Cancer has been another important
charitable event for Fidelity. As
part of this commitment, the
organization recruits employees
to participate in the walk to benefi t
the Princess Margaret Cancer
Centre.
Last year, 11 employees collected
$28,000 in donations for their
25-kilometre trek.
Greening trends
Fidelity's commitment to
environmental concerns refl ects
employees' values, as well, with
green initiatives such as effi cient
resource consumption of paper,
water and energy, and recycling
and energy effi ciency practices.
The company also has an
E n v i r o n m e n t S u s t a i n a b i l i t y
Committee that champions
environmentally friendly practices
and keeps employees in the loop
about its progress.
In the coming year, the
organization has set aggressive
targets, including the adoption of
sustainably harvested paper for 80
per cent of its paper needs and a
target to reduce paper use by 56
per cent.
Fidelity promotes energy
conservation and innovative
heating, cooling and lighting
technologies in its buildings and
data centres, and through these
measures, has reduced greenhouse
emissions by 22 per cent since 2007.
Commitment to diversity
The company also places a premium
on diversity. In 2014, the National
Business Inclusion Consortium
honored Fidelity as one of the
leading companies that's taken
signifi cant steps toward sustaining
best practices in diversity.
Melissa Campeau is a freelance writer based
in Toronto.
