The five recruitment methods you should know

When it comes to finding a new employee for your business, there are several recruitment methods you can explore. While some may be more effective than others depending on the position you’re hiring for and the industry you’re in, it’s important to be familiar with all of them so you can choose the best one for your needs.

Method 1: Internal Hiring

Some companies prefer to hire from within, employing their current staff to fill vacant positions. Internal hiring can be a great option if you’re looking to promote from within and keep employees happy by giving them new opportunities for growth.

Advantages of Internal Hiring

• Employees already know the company culture and policies so less time is needed for training.
• Morale of current employees might improve as they see opportunities for upward mobility within an organisation.
• Reduced risk of hiring the wrong candidate as internal employees have known track records.

Method 2: Job Boards

Job boards are an online platform where companies can post job listings and job seekers can apply for them. There are several job board websites such as Indeed, Glassdoor, and Monster that businesses can use to recruit candidates for open positions.

Advantages of Job Boards

• Wide reach and exposure to a large pool of potential candidates.
• No geographical barriers means recruiters can tap into a broader talent pool.
• Job boards provide a range of options to make the job posting reach the right audience like screening the audience, job sponsorship and tailoring job posts.

Method 3: Recruitment Agencies

Recruitment agencies are third-party organisations that select candidates from their own database and network for job openings.

Advantages of Recruitment Agencies

• They have a wide range of pools to select from; these pools include passive candidates, where potential employees are not actively job seeking.
• Recruiters provide additional services like background checks and screening tests to ensure the candidate’s qualification and suitability for the job.
• Time and cost-efficient as recruitment agencies reduce workload and filter only qualified candidates for the recruiter.

Method 4: Referrals

Referrals can provide a great way for companies to hire candidates through recommendation by current or past employees. Employee referral programs encourage employees to refer their friends and acquaintances for employment within the organisation.

Advantages of Referrals

• Referral programs increase employee engagement and retention as employees feel valued and involved in an organisation in terms of decision making.
• Higher success rates as referred candidates are handpicked by the employee who has a deep understanding of the company and thus making the recruitment process quicker.

Method 5: Social Media

Social media platforms like LinkedIn, Twitter, and Facebook can help businesses find candidates for their job positions.

Advantages of Social Media Recruitment

• A wider pool of applicants as social media has billions of active users.
• Cost-effective as it doesn’t involve heavy expenses unlike job advertisements, recruitment agencies and other sourcing methods.
• Brand building assets as posting job vacancies showcase the employer’s brand which attracts both candidates and customers.

Conclusion

The recruitment method suitable for your business would depend on a variety of factors like industry, company size, cost, position requirements, and time constraints. It is crucial to assess these factors carefully and strategically decide which one would be the best fit for your business. It’s also important to note that companies may choose to utilise a combination of recruitment methods for optimal results.