There are different types of recruitment methods today. Each of these methods proves to be very beneficial. But, it is important to note that the recruitment methodology that works for them may not work for you. Different companies use different methods of recruitment to find the perfect candidate for themselves.
While using these recruitment methods, it is advisable to use an applicant tracking system, too. The ATS market will be $3.2 billion by 2026. Thus, using an ATS can prove to be beneficial, especially for hiring the best candidate with all the streamlined information.
Read on to understand the different types of recruitment methods preferred by organizations.
What are the different types of recruitment methods?
The recruitment methods refer to the different processes a company deploys to hire the best candidate. By adopting the right recruiting methods, you can attract the best candidates into your business.
The right recruitment methodology can help you find the candidate you’re looking for. It can be based on their experience, budget, and time frame of the business.
Take a look at some of the prominent types of recruitment methods:
1. Employee referral
Employee referrals have always been one of the most prominent methods of recruitment. Getting employees via referrals has a huge chance of success. Moreover, these are also cost-effective, which helps eliminate the requirement for sourcing.
Getting employees via referral also helps to avoid the risk of heavy screening. You’re getting a candidate via your existing employee, which can be a sign of guarantee. A study by ICIMS showed that 50% of referrals have a retention rate of up to 38 months compared to non-referred hires of 22 months.
2. Online advertising
Online advertising, or paid advertising, has become the go-to method for several brands to hire the best candidate, especially for improving their employer brand. You can pay different platforms to post a job requirement. Google and social media sites like LinkedIn and Facebook can be great sources for finding the right talent.
It is crucial to target the ad placement appropriately to capture their attention. According to Business Insider, around 6 people are hired via LinkedIn every minute. Thus, it all depends on the ad placements to get the most applications. However, this may be a slightly expensive method of recruitment.
3. Recruitment agency
If there are any hard-to-fill roles, reaching out to a third-party recruitment agency can be of great help. These agencies usually have tie-ups across a network of potential candidates. While they focus on finding the right candidate for your business, you can focus on other core areas of your business.
Reaching out to a recruitment agency to hire top talent can, however, be slightly expensive. Several agencies charge 20% of the candidate’s annual salary for connecting you with the candidate.
4. Social media
Social media might as well be the right place to seek candidates. People are no longer using social media to network but also to find jobs. Around 55% of people use social media platforms like Facebook, Twitter, and LinkedIn for job search.
Establishing a strong employer brand on social media can play an important role in attracting the attention of an audience. You need to provide them with a view of what you’re offering. Give them a constant glimpse of what it would be like to work in your organization to attract the right talent.
5. Professional networks
Professional networks can prove to be great channels for networking. However, as an organization, you need to find a reliable, professional network around your area. These associations usually have candidates with the necessary licenses and qualifications to be accepted into the organization.
Hiring via a professional network can often be as effective as hiring via employee referral. However, the only problem is that professional networks come with a limited pool of candidates, which may often have a negative impact on inclusive hiring. Moreover, in certain cases, you may end up overlooking some qualified candidates because they weren’t part of the professional network.
What are the best methods of recruitment?
Maintaining a talent pool can be pretty time-consuming, which is why it is advisable to use an applicant tracking system. Applicant tracking systems like Jobsoid can prove to be extremely beneficial methods of hiring perfect candidates. They help you identify your staffing needs and the skills you need the most, as well as organize all the information. As a result, it becomes easier to hire potential talent.
Conclusion
Different recruitment methods have different results. For example, what works best for one organization may not work for another. Therefore, it is advisable to experiment with all types of recruitment methods to determine which one is best for your organization. Platforms like Jobsoid can, therefore, be extremely beneficial, especially when hiring the best talent. Start your free trial today!
