Are you having difficulty with recruitment these days? - you are not the only one. According to SHRM, 68% of HR professionals find it hard to recruit candidates full-time.
In a competitive job market, companies need to be strategic about hiring people.
Finding the best people to work for your company is a vital part of making it successful. It all starts with finding the right way to recruit.
There are so many ways to find talent, like job boards, social media, and word of mouth from current employees.
But the main challenge is to figure out which one best suits your business.
However, Finding, hiring, and keeping the best employees can make a big difference. It can lead to more productivity, more money, and business growth. Using the right recruiting methods is key to achieving this.
It is not news that the current job market is entirely candidate-driven. In other words, candidates have the upper hand. Therefore - positive candidate experience is vital for attracting the best talents.
By using these strategic recruitment methods, you can make your hiring process easier.
Are you ready to dump your old recruitment methods?
If you're nodding 'yes', then let's get this show on the road!
Remember, the right recruitment methods can make all the difference between a so-so-hire and a superstar hire.
Shall we?
What Recruitment Methods is?
Think of recruitment as fishing. The recruitment method is the strategy you use to catch the right candidate for your needs.
Just as different baits attract different fish, different recruitment methods attract different candidates. Whether it's posting job listings, using social media, or agencies, each method targets specific pools of talent.
Choosing the right recruitment method increases your chances of finding the right talent according to your needs.
Once candidates get selected, you can assess their suitability through interviews and assessments. Ultimately, the Recruitment Methods aims to find the best talent for your open vacancies.
What are the Types of Recruitment Method?
Several recruitment methods are available, each with its unique pros and cons. Traditional hiring methods like newspaper ads and job fairs. Newer methods like social media recruitment and employee referral programs can make it hard to choose. However, If companies understand the various ways to hire people, they can make smart choices to find the right employees.
Here, we will explore several recruitment methods. Also, pros and cons of recruiting strategies to help you make an informed decision when hiring new talent.
A company's needs arise for various reasons, such as expansion, staff turnover, new projects, or new roles. You should know the best recruitment methods to attract and select the right candidates. A well-planned and executed recruitment process attracts a pool of highly qualified candidates.
1. External recruitment methods
External recruiting is the process of hiring candidates from outside the organisation. Using this method, job openings are posted on job boards, social media, or through recruitment agencies. Career fairs and networking events are also used to search for potential candidates. External recruiting is done by companies that want to add new skills and new points of view to their staff.
You can use these recruitment methods when you can't find talent internally. This method can help the organisation get new ideas and new points of view.
Also, you can use external recruitment methods to fill specialised roles that need special skills and experience.
Despite its benefits, external recruitment methods can be more expensive than internal ones. Which requires additional resources to find and attract suitable candidates. Nonetheless, it remains an essential strategy for organisations looking to find the best talent for their needs.
Benefits of the external recruitment method
1. New viewpoint
When you hire people from outside the organisation, they can bring new ideas, levels of creativity, and skills that can help the company.
They might have worked in different industries, technologies, or with different strategies. They can give your company a unique perspective on improving your products, services, and operations.
2. Diverse workforce
It can help increase workplace diversity, improving creativity, innovation, and problem-solving abilities. This not only promotes inclusivity but also increases profit.
3. Skill sets
Sometimes, you don't have the right skills or experience available from your own team. So, you need to hire the right candidate externally. This will help you attract individuals with the required skill set and experience to meet your needs. This ensures that you can fill the skill gaps in your workforce and continue to meet your business goals.
4. Expansion
When your company expands, you may need to hire more employees than it currently has, which may require external recruiting.
5. Cost-effective
It can be a cost-effective way to fill job vacancies instead of training and developing existing employees.
2. Internal Recruitment methods
In this recruitment method, you can look for existing employees who have the right skills and train them to fill open vacancies.
These can include effective job postings, promotions, and transfers within the company. Rewarding hard work and encouraging employee loyalty helps create a good work environment.
Benefits of the internal recruiting method
1. Faster process:
It's faster because you don't have to conduct the whole hiring process from scratch. This eliminates the need for background checks and multiple rounds of interviews. Also, internal candidates can quickly adapt to the new role, reducing the time spent on onboarding and training.
2. Improved retention:
When you promote employees within, it boosts their morale and job satisfaction. Which leads to better retention and reduced turnover. iHire 2022 Talent Retention Report shows that 28.3% of people left their jobs because they saw better advancement opportunities elsewhere.
3. Improves morale
When you show that your company is willing to offer promotions, it boosts morale, which makes it more likely that the employee will stay.
4. Familiarity with the organisation
They're familiar with the company's environment and rules, so they'll adapt to their new role quicker than someone from outside.
5. Talent development
Hiring existing employees can boost their skills and make the whole team more capable.
3. Online recruitment methods
Online recruitment has become well-received among many organisations. SHRM reports that online recruitment is the new norm, as 84% of organisations recruit via social media, and 9% plan to follow suit.
What are the online recruitment methods?
1. Job Boards: Websites where you can post job openings and where job seekers can look at the jobs and apply for them. LinkedIn, Indeed, and Glassdoor are all examples of well-known job boards.
2. Social Media: Sites like LinkedIn, Twitter, Facebook, and Instagram can be used to advertise and promote job openings, reach out to potential candidates, and speak with job seekers. This way, Social Recruiting makes it effective in promoting jobs on social networking sites.
3. Employer Website: A dedicated section on your website where you post job openings and accept online job applications.
4. Referral Programs: Employees get incentives by referring qualified candidates for open positions.
5. Online Recruiting Agencies: Staffing firms help companies find qualified people to fill open jobs. These agencies may use job boards, social media, and other online recruitment tools to find people.
6. Online Events: You can attract and interact with potential candidates by organising Recruiting and HR conferences, virtual job fairs, webinars, and virtual networking events.
7. Applicant Tracking Systems: Applicant Tracking Systems (ATS) to keep track of job applications and resumes, find qualified candidates and speed up the interview process.
Advantages of online recruiting methods
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Wider Reach:
It allows you to reach a larger pool of candidates from different places, backgrounds, and experiences. This increases the chances of finding a highly qualified candidate who may not be found through traditional methods.
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Speed and Efficiency:
Online hiring helps you find the right people faster. Automated tools can filter resumes based on specific criteria and focus on the most qualified candidates. This saves time and makes the hiring process efficient for everyone.
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Analytics and Insights:
Online recruiting tools offer data, analytics, and recruitment KPIs that allow recruiters to track the effectiveness of their job posting and recruitment campaigns, which can be used to improve recruitment strategies and make data-driven decisions.
4. Offline recruiting method
In recent years, online recruitment methods have become more and more popular. However, offline recruitment methods still play a big role in hiring.
Using offline methods to find candidates has several benefits, such as letting you reach more people who might not be actively looking for jobs online. Also, meeting potential candidates in person and getting to know them better can help build trust and improve communication. Employers can build a local presence in the community by using offline methods, which can help their brand and reputation.
Offline methods also help find candidates with the right skills and experience but may not have a strong online presence. This makes sure that employers don't miss out on qualified candidates.
What are the offline recruitment methods?
1. Job fairs: These are events where many employers set up booths to meet and talk to people that are interested in working for them.
2. Referrals: Employee Referral Programs are effective where current staff members can tell their friends, family, or other people they know about job openings.
3. Newspaper ads: Putting ads for jobs in local newspapers is a good way to reach many applicants.
4. Flyers and posters: You can reach potential candidates by putting flyers created using flyer maker and poster maker in public places like community centres, libraries, and cafes.
5. Internships: Giving college students internships can be a good way to find potential employees who have already shown what they can do.
6. College career centres: Building relationships with college career centres can give you access to recent graduates and students about to graduate.
7. Employee walk-ins: Letting potential candidates come to the company's office and meet with HR staff can help build rapport and make a personal connection.
8. Industry events: Going to industry events and conferences can help you find people who are already interested in the field and could be good candidates.
9. Open houses: Having open houses and information sessions can help job seekers learn more about the company and the open positions.
7 Best Recruiting Methods for Recruiters in 2024
As we go further into 2024, recruiters must consider the best hiring methods in the current job market
These methods were chosen because they are cost-effective and have a high return on investment. Second, they have the potential to provide a large pool of candidates from different backgrounds, and they can be scaled up or down to fit the needs of each recruitment campaign. Lastly, the methods should be easy to use and give candidates a good time.
Here are some of the best ways of recruitment methods to find new employees in 2024.
1. Employee referrals
Employee referrals are still a low-cost, high-return way to find new employees. Employees can suggest friends and family who they think would be a good fit for the company. This makes a pool of candidates with a wide range of skills. Referrals can be scaled up or down because they keep more candidates.
2. Social media recruitment
LinkedIn, Facebook, and Twitter all have a large number of different prospects, which makes them great tools for hiring via social media platforms. Social networking sites let recruiters target prospects based on what jobs they are looking for and give information about corporate culture and job descriptions to improve candidates' experience.
3. Recruitment advertising
Recruitment advertising is a cost-effective way to reach many candidates. Clear job descriptions and requirements can improve candidate experience. Recruiters can choose which publications and channels the people they want to hire look at. This makes it scalable and flexible.
4. Video Interviews
Video interviews save recruiters time and money while improving the candidate experience. It is flexible because recruiters can talk to potential candidates anywhere since it removes geographical restrictions and increases the number of people who can apply.
5. Virtual Job Fairs
By holding virtual job fairs, companies can connect with candidates worldwide without spending money on travel and hotels.
6. Diversity and Inclusion initiatives
These initiatives are helping businesses hire more people. This includes emphasising diversity in job ads, hiring people without knowing anything about them, and working with groups focusing on improving diversity in recruitment to get more diverse candidates.
7. Talent Communities
Businesses can develop talent communities to engage people and share employment opportunities. This can help companies get people interested in working for them even when no jobs are open.
By thinking outside the box and leveraging new technologies, companies can attract top talent and stay ahead of the competition.
Conclusion on Recruiting Methods for HRs and Recruiters
Recruitment in 2024 is much like navigating a vast ocean. The right method acts as a sturdy compass, guiding HRs and recruiters toward the perfect candidates.
Whether you're sailing through the external seas, exploring internal waters, or leveraging the winds of online and offline channels, each method has its unique strengths.
So, which recruiting method will anchor your hiring strategy this year? Will you cast a wide net with external recruiting or delve deep within your company to uncover hidden talents?
By understanding and mastering these recruitment methods, you can chart a course for success.
Are you ready to navigate the ever-changing tides of recruitment and find your next star player? Start your journey with iSmartRecruit and Get a free demo today. The choice is yours, and the loom of time waits for no one.
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