The recruitment process is finding the best candidates for a job role in your organization. In Human Resource Management, this process (recruitment process) starts with recognizing the need for new employees in a company, and it ends with introducing those employees into the firm.
The recruitment process includes several tasks, such as
- Recognizing and forecasting the need for human resources in a company.
- Advertising for a particular job role in a specific domain.
- Conducting interviews, screening tests, etc., shortlist the employee who applies for the position.
- Choosing candidates in a cost-effective and timely manner.
Your organization can attract top talent in any domain through the recruitment process. This will help in boosting your company's manpower. You just need to introduce new skill sets into a job and train employees to fill vacant positions in the future. In this ultimate blog, we will teach you about recruitment methods and their types. Read the entire blog to know all the recruitment methods.
Types of Recruitment
- Internal Recruitment
- External Recruitment
The recruitment process is one of the primary processes in your organization's HR department. When looking for a suitable job role, your organization or company can recruit candidates internally, or you can have your candidates externally. Is one of these recruitment methods better than the other process? The answer would be NO.
The company's HR department will need to analyze factors like the job role, the job offered, and the skill sets required before proceeding to the recruitment methods. This is essential because choosing accurate recruitment methods will help your company reduce the waste of money, time, and training resources.
So, let's take a look at both recruitment methods: Internal Recruitment method and External Recruitment method and understand when each of them works best for you.
Internal Recruitment Methods
Internal Recruitment is a recruitment method where your company hires candidates internally for new job roles. Typically, whenever a new job role opens up, your HR department looks at a list containing the current employees and tries to fill the vacant position.
Internal Recruitment is one of the recruitment methods that most companies prefer because it has many benefits. The first benefit is that this does not need your HR department. You already have the existing list of all of your employees in this. You have their entire skill sets data, their performance measures, etc., which makes this internal recruitment process one of the easiest recruitment methods, yet most efficient. The second benefit is that this Recruitment Method is a massive motivating factor for your employees because they get to move on a high job profile to grow and get better opportunities.
There are a few sub-types of internal recruitment methods. Let's take a look.
- Transfers. A transfer is shifting your employee internally for the same job role within your company. Your employee's salary, designation, and skill requirements remain the same.
- Promotions. Promotion is the process of upgrading your employee's status. This upgrade influences your employee's job role, salary, responsibilities, perks, and leadership.
- Re-Employment. Re-employment is the process where the HR team might decide to call their ex-employees back into the workplace to fill new vacant job roles. Re-employment is effective because the existing employees understand the company's culture and are well known for their job roles.
- Internships. Internships are short-term job roles. Where an organization hires employees to assist them in various duties. An intern is an entry-level employee who helps a company and works closely with multiple teams.
- Internal Advertisements. Internal advertisements mean to advertise for a job role inside your company. This job role might be open to all the candidates or employees within a particular domain. The idea is to recruit employees internally so that an organization can save time and cost.
- Reference. Employee reference is also a kind of internal recruitment method, where an organization hires candidates via referrals from existing employees. Your current employees may refer their relatives, friends, etc. suitable for a particular job role. The reference process is encouraged because it significantly saves costs and helps a company to find quality employees.
These were some of the internal recruitment methods that I have explained. Internal Recruitment saves cost and time, but it is not always practical. Sometimes hiring employees externally gives a fresh perspective or aspect to your company. So, it's time to witness the External Recruitment methods that we will mention below.
External Recruitment Methods
External recruitment methods are the process of hiring candidates externally to your company. Typically, a new vacant job role is filled by a freshly hired employee with extraordinary aptitude for the required job.
External recruitment methods are more expensive and time-consuming when we compare this to internal recruitment methods. It is preferred because it provides your company with a new aspect. There are various types of external recruitment methods, and some of them are explained below-
- Advertisements. Advertisement is a process where a company advertises for a particular job role in electronic or print media. This advertisement process usually has a company to recruit many candidates quickly.
- Different Types of Job Portals. This is a process where an employer finds employees through a third-party portal. The employer announces a job opening or a vacancy, which is then advertised to all the talented and potential candidates on the portal. Sometimes, the recruiter might get in touch with qualified candidates.
- Recruitment agencies processes are one of the effective external recruitment methods. Here, a company approaches a recruitment agency to hire a specific job. Agencies usually have an updated database of qualified and interested candidates for a job, making the recruitment process more accessible.
- Reference/ Recommendations. Reference and recommendation are also among the top external recruitment methods and a slightly intangible and informal way of hiring new candidates. In this process, current employees of the company refer suitable candidates for a specific job. The company might then decide to conduct interviews for these contacts, just like a regular external interview.
- Educational Institutions. Campus recruitment is one of the effective external recruitment methods where companies visit college or institution campuses and then hire fresh graduate students. Educational institutions are also called "campus recruitment.
- Walk-in Institutes. This hiring process is usually followed when an organization wants to hire unskilled or semi-skilled workers for a short time. Here, the interview process for the regular employee is skipped. Instead, a company appoints an employee to verify, manage, and hire candidates who simply come for interviews.
- Databases. Some companies also follow the practices to maintain their database for hiring. In this database, data is collected from different sources, and these are used to find suitable candidates as quickly as possible.
- Employment Exchanges. An employment exchange is a government portal and one of the best external recruitment methods. This portal is designed to bring talented and potential employers and employees together in a single platform.
So, as we discussed in this ultimate guide, many types of recruitment methods are available. No one method is best for all scenarios, and your company needs to carefully choose the best process. We have seen that Internal recruitment methods are fast, cheap, and efficient, but it may lead to slow and stagnation growth of a company. External recruitment methods provide talent, skills, and development, but it is expensive and tedious. Various companies make a good balance between these two types of recruitment methods, to take the benefits of both. I hope this comprehensive blog will meet all your requirements and doubt.