The competition for talent is intensifying as online job seekers browse dozens of listings in mere seconds. You need a deliberate recruitment process that sets up HR experts, hiring managers, and new hires themselves for success.
In industries like engineering and manufacturing, where skills shortages are worsening, it’s especially important to have a robust recruitment process as part of a clear talent strategy.
Improving your recruitment process isn’t just a good idea — it drives real business value, including revenue. Randstad helps companies like yours get the right candidates for your available roles through your front door, every time.
what is the recruitment process?
Recruitment is the responsive process of a talent strategy that focuses on finding candidates for available roles in your company. Successful recruitment ensures your company has the human resources it needs to function day to day. You need an efficient and proactive recruitment process to guarantee that you’re making the right hiring decisions for your immediate and future needs.
As a field, recruitment is fast-moving, with emerging innovations and evolving candidate expectations. Companies often struggle to leverage the most valuable recruitment methods and technologies, and they don’t always demonstrate to the right candidates they are a desirable company, either.
You may know exactly what tasks and responsibilities your new recruits will take on, and you may know the experience and attributes candidates will need to do the job properly. But finding the right candidates is difficult, and the consequences of unsuccessful hires can be long-lasting. Lengthy recruitment processes can become costly and affect business performance as well.
In a sense, your HR leaders must apply the same rigor colleagues in other departments apply to their operations: optimizing costs, analyzing results, and continuously improving processes. They must develop a simplified, holistic, effective approach to recruitment that aligns the right candidates with the roles for which you are hiring and with the future success of your organization.
Teaming up with a recruitment partner can help you find the right candidates for your available roles. A recruitment partner may help you improve your long-term talent strategies, ensuring more successful recruitment efforts as your industry evolves; they may help with new projects as they arise as well.
what is the difference between recruitment and talent acquisition?read more
why is the recruitment process important?
Finding the right candidates for your available roles is a costly process. When the talent you need is not actively seeking you out, you must dedicate resources to seeking that talent yourself, whether or not you have the internal budget and capacities to do so.
Hiring the wrong workers is costly as well. Costs associated with this mistake compound by the day and affect every aspect of company performance where human resources are critical to business success. The typical cost to replace an employee is 21% of the employee’s annual salary as well, Forbes reports.
A successful recruitment process ensures you find the right talent and acquire the right number of people for your workforce. It ensures you’re not wasting time and resources on inefficient recruitment processes as well.
Getting recruitment right pays off. In complex jobs that are information- and interaction-intensive, “high performers” are an astonishing 800% more productive than average performers, McKinsey reports. A recruitment process that brings in high performers can become a foundation for business success.
The typical cost to replace an employee is 21% of the employee’s annual salary as well.
transforming your business starts with the recruitment process.
Although a poor recruitment process takes away organizational value, an efficient and successful recruitment process creates it. Finding and hiring the right talent reduces turnover, improves productivity and retention, and minimizes the amount of internal resources required for success. As you will find, adding efficiencies such as digitization and preselection can help as well in these efforts.
Working with HR leaders who think strategically about different roles can drive as much as a 40% increase in the quality of hires and a 12% decrease in first-year attrition, McKinsey reports — just by becoming more thoughtful and data-driven during recruitment and hiring processes.
Getting access to great talent saves you time, reduces the risk of bad hires, and ensures you find talent that transforms your business for the better. But you must understand the necessary steps, the right tools, and the best sourcing techniques to optimize your recruitment process. A recruitment or HR solutions partner can optimize the recruitment process for your company, giving your team more time to focus on activities that generate immediate value for the business as well.
what are the different stages of the recruitment process?contact us
Your recruitment process should be tailored to reflect the unique characteristics and requirements of your company. A successful recruitment process means allocating time and resources in a cost-effective way, ensuring only good hires come through.
Here’s a look at the five key stages of a successful, world-class recruitment process. You will see how a combination of technology with human empathy and ingenuity deliver the best results for your company and your candidates.
Today, modern digital tools are playing a critical role in successful recruitment processes. Forbes reports that 24% of companies have begun using AI for recruitment, and 56% of managers will adopt automated technology by the end of 2021.
Additionally, job seekers themselves are becoming strategic and data-driven in their efforts. Online platforms that automate aspects of the job search — leveraging artificial intelligence to match resumes with job ads, for example — are emerging. You must become strategic and data-driven yourself to succeed.
how to build an effective recruitment process.
Building a successful recruitment involves having a distinctive and compelling value proposition — one that is both authentic and attractive to your ideal candidates. Keep in mind, the onus is on your recruitment leaders to communicate this value proposition successfully and to attract discerning candidates as quickly as possible.
A rigorous and well-studied recruitment process can drive organizational improvements and financial gains. Here are five points to consider as you prepare your recruitment process:
working with a recruitment agency.
An experienced recruitment agency provides the tools you need to recruit the right talent. The agency serves as an HR solutions partner, helping you develop winning best practices for hiring and workforce flexibility as well. That’s because the right partner will develop an in-depth understanding of your company and your goals associated with talent acquisition.
What’s more, leading HR firms already have established networks of vetted talent. This makes it easier for you to fill vacancies immediately, then build your reputation and relationship with a pool of talented workers.
working with randstad.
Randstad is a trusted human partner and global leader in the HR services industry. We blend the latest HR technology with our experienced human insights to find the perfect matches for your available roles.
As the largest HR services provider in the world, we’ve got an extensive global reach, but our local presence is just as strong. No matter where you’re located, we’ll deliver the talent you need to achieve your goals.
recruitment options that Randstad offers
When working with Randstad, your recruitment leaders can be as involved as they like — whether you want to take a back seat and let our team look after your staffing needs or you want to be more closely involved at every step of the journey. Companies can fully or partially outsource their recruitment functions to Randstad:
- Recruitment of permanent talent: We work closely with you to source, interview, and vet a candidate to join your team on a permanent basis.
- Recruitment of temporary talent: Randstad hires, manages, and pays the candidate on your behalf. These may be temporary staff, freelance consultants or contractors. You pay Randstad a rate to access the candidate’s services.
- Inhouse services: We handle your HR processes from your location, managing everything from recruitment to onboarding and the daily workforce management. This solution is best suited for companies with a large number of flex workers.
As part of our Staffing business, we also offer payrolling services, taking over your administrative payroll burden.
In addition, we offer outplacement and talent mobility solutions.
randstad's recruitment process.
How is your recruitment process different from others? That's a question our potential clients often ask us. And it's a question we'd love to answer.