When analysing a company’s success, we look at the figures & financials of an organisation. we often forget the people behind the company’s growth. Whether the candidate you employ will turn out to be an asset or liability for your company depends on how thorough your recruitment process is.
How you hire individuals will determine if your recruit is an asset or a burden for the organisation. It is an expensive operation; therefore, you must exercise extreme caution while dealing with recruiting since one incorrect move may leave your organisation with a huge loss to deal with.
When dealing with recruitment, remember that one wrong move can lead to years of damage. In fact, three in four companies have admitted that their business was negatively affected by hiring the wrong person as overall productivity was reduced, and time was wasted in trying to recruit and train a replacement worker. This compromised the quality of work, leading to dissatisfied clients and a loss of revenue.
What is Recruitment?
Recruiting is the positive process of identifying, interviewing and hiring employees for jobs. Recruitment is an important business strategy that involves hiring the correct candidate for the job position. This candidate then becomes a part of the workforce and business. Recruitment mostly does not depend on a single individual. Instead, there is a team that overlooks the hiring process.
How Recruitment Helps a Business
- The main purpose of recruitment is to figure out what the existing and future needs of the organization would be.
- Recruitment helps bring candidates in without increasing costs incurred by the business.
- It ensures a smooth selection process by not including candidates who are under or overqualified, hence saving the time of individuals as well as business owners.
- Meets the social and legal obligation of the organization and helps it achieve success.
- Filters through job applications and helps identify those who would be best suited to the job opportunity based on the job description.
- Boosts organizational effectiveness in a business while focusing on short-term and long-term goals.
- Advertises the job descriptions and helps find responsible candidates for the job.
Purpose and Importance of Recruitment
The purpose of the recruitment process is rather elaborate. From acquiring new talent to continuity of business activities, the importance of an effective recruitment process never ceases.
1. Determines the Present & Future Requirements
The recruitment process assists a company in evaluating its present and future staffing requirements. It conducts a methodical examination of company operations to determine the right number of recruits necessary.
2. Prevents Disruption of Business Activities
The process of recruitment ensures that the daily activities of your organisation are carried out seamlessly. It provides businesses with all necessary human resources regularly for various job positions. The recruitment process selects individuals from a variety of backgrounds to meet the organisation’s needs.
3. Increases Success Rate of Hiring
This approach is effective in stimulating the success percentage of the company’s selecting process. It analyzes all the job applications to minimise the frequency of unqualified and exaggerating candidates. Only qualified employee’s applications are advanced to the next stage of the recruitment process.
4. Expands Talent Pool
The goal of recruitment is to create a wide pool of qualified candidates from which one has to choose the most qualified individual for the job. This approach draws big groups of individuals and encourages them to apply for open opportunities in a company.
It focuses on minimizing total costs and time spent on finding suitable employees. Recruitment is a well-organized and methodical approach in which a large number of people are given a detailed description of a job opening. A good job description attracts a large number of people at a lower cost.
6. Improves the Credibility of the Organisation
A business organisation’s reputation is bolstered by a strong recruitment process. It assesses the validity of job openings and reflects the professionalism and authenticity of the company. The adoption of a good application method by a company organisation will aid in increasing the trust of job applicants. This, in turn, attracts the attention of highly qualified applicants for your company.
Recruiting is a basic idea at its core: it entails discovering applicants and hiring them to fill available positions. Effective recruiting, on the other hand, is a mix of art and science. On one hand, it necessitates the implementation of repeatable procedures that produce consistent outcomes. On the other hand, thinking outside the box to locate your perfect individual benefits your organisation in the long run because it makes sure that the onboarding process is seamless. Notwithstanding recruitment being an extremely important and formal process, it is imperative that we recognise the importance of personal skills in recruitment.