Recruitment is one of the most significant functions that can determine the outcomes of any organization. Introducing new employees to the company is essential for change, creativity, and better performance. Organizations can identify individuals with the right skills and experience. In doing so, they build their teams, enhance performance, and position themselves for tomorrow. However, the hiring process is not without its problems. This article aims to provide information on costs, trends, and practices in the recruitment process to enable organizations to make the right decisions when recruiting employees.

The Cost of Recruitment

Recruiting new employees is an investment. Generally, the US-based Society of Human Resource Management (SHRM) estimates hiring one employee now takes $4,700. These include costs such as posting the job, the interview process, verifying employee background, and orientation. Even though the process may be costly, the right employee is worth the investment.

Employer Branding— A Critical Factor

Due to job market competition, employer branding is more crucial today than ever. According to the Glassdoor for Employers report, about 75% of engaged job seekers are likely to apply for a job at a company managing its employer brand. A clear employer brand reflects the company’s mission, values, and work environment to attract the best employees. This article concludes that companies that aim to build a good and attractive image will likely capture the market’s attention. It also helps attract talented applicants.

Compensation and Meaningful Work

In the selection of careers, remuneration, and job satisfaction are among the most critical determinants. The Monster The Future of Work 2022 Global Report reveals that 50 % of people are looking for money while 42% are looking for meaningful work. Salary is crucial in the hiring process because people will not only work for companies that pay them well but also want to work for meaningful causes. Those organizations that can provide a mix of both – good remunerations and interesting jobs are most likely to attract and retain the best employees.

Virtual Recruiting: The Gen Z Perspective

Recruiting has evolved with advancements in technology. The Monster The Future of Work 2022 Global Report revealed that 61% of Gen Z prefer virtual recruitment to the traditional face-to-face method. Virtual recruiting is easy and efficient and enables people to apply for jobs from different places without the need to move from one place to another. It also hastens the process of obtaining new employees, thus giving companies a wider choice of applicants. This is because the future of recruitment will be defined by technology, and organizations must prepare for virtual recruiting to be relevant.

The Importance of Alignment Between Expectations and Values

It is hiring a person capable of performing the job and who shares the company’s common values. Glassdoor for Employers revealed that about 29% of employees resign from a given company within the first three months due to a clash of values and expectations. This can cause dissatisfaction in the employees and, as a result, increase the turnover rate in the company. Firms must ensure that their recruitment process presents their corporate culture and envisages employee standards to avoid this. This makes them a better cultural fit and improves employee retention in the long run.

The Impact of Negative Recruitment Experiences

This article reveals that candidates’ perception of a company depends on their experience in the recruitment process. A report from LinkedIn shows that 83% of candidates stated that a negative recruitment experience could make them change their view of a company they had a positive impression of. A recruitment process that is not well managed. For example, lack of communication, slow responses, or unclear job descriptions hurt the company’s image. This is why it becomes essential for companies to ensure that there are no hiccups or negativity experienced by the applicants at any given time during the hiring process, regardless of their fate.

The Importance of Mobile-Friendly Applications

Today, having a mobile application is the new trend, and people can no longer do without it. Forbes recently came up with a report that estimated that mobile-friendly job applications can boost the number of applicants by over 11%. Today, people apply for jobs through mobile devices. The company may not get the best talents if an application is not responsive. Organizations must ensure that their jobs and application processes are optimized for mobile and intuitive to boost the number of applications and get a more diverse pool of candidates.

The Future of Recruitment

The current trends in recruitment show that organizations have to be flexible and creative in their approach to hiring talent. Virtual recruiting, the focus on employer branding, and the need for mobile-friendly application processes are signs of a shift in the recruitment process. Nevertheless, companies must consider the costs of hiring and make the right decisions about the recruitment process and employee turnover.

Focusing on factors like values, employees, and the use of technology in recruitment can help organizations improve their recruitment process, minimize turnover, and create a more effective workforce. Learn more about the The Most Important KPIs in Recruiting