5 low-cost recruitment methods for businesses

Currently, one of the issues many businesses are interested in is how to recruit at a low cost and still effectively attract good human resources. Therefore, it requires not only the capacity of the recruitment team, but also suitable recruitment methods.

In this article, Farovietnam would like to share 5 low-cost recruitment methods for businesses.

Recruiting directly on the business website

This form is applied by many businesses, especially those with a strong employer brand. Through the official website of the enterprise, the recruitment department will post information and receive its online application.

If the brand image is good, it will attract a large number of candidates thanks to its high following. This form of recruitment will help businesses save maximum costs, save time and save human resources.

Recruiting through social networks

Currently, the form of recruitment through social networks is very developed. Moreover, setting up an account and posting job ads on social networks is very easy, simple and fast. Most job postings through this form are free of charge and businesses also receive many benefits such as:

• Reaching the right candidates through specialized groups
• Spreading the recruitment message through the relationship of members of the association group
• Connecting the brand image to the candidate department on social networks.

Internal recruitment

For management and leadership positions, many businesses use internal recruitment. With the number of available employees of the enterprise, the recruitment department can transfer and promote, which will always gain a much higher speed than the process of recruiting additional candidates. As a result, businesses will own almost zero recruitment costs.

In addition, the form of internal recruitment also creates many benefits such as effective talent retention, the will of employees boost, quick staffing time,  business information safekeeping, etc.

Recruiting through relationships of employees

With this form of recruitment, employees in the enterprise will understand and accurately introduce advantages to candidates. At the same time, those employees will understand the candidate's ability and suitability for the opening.

That's why, currently, many businesses choose and encourage employees who are working at the organization to connect with candidates. The enterprise can focus on assessing the capacity of candidates for the vacancy instead of spending time reading CVs.

However, businesses should have reward policies or a KPI evaluation scale or a specific amount for each recruitment period for personnel who introduce successful candidates.

Recruiting through outsourcing services

This form is extremely popular in the world with its cost-saving advantages for businesses. In particular, for management positions that are difficult to find talent and recruit, this form is considered highly effective. Moreover, recruiting through outsourcing services also helps businesses save time, effort and recruit qulified candidates.

Although the cost for this service will be higher than the above recruitment methods, in terms of efficiency, it is completely worth it. With outsourcing recruitment service, businesses can gain the following benefits:

• Recruitment with the right candidate quickly thanks to the wide HR relationship.
• Modern recruitment technology, thereby improving the quality of evaluating and selecting candidates accurately.
• The high flexibility in recruitment because of the temporary service, compared  to a separate recruitment department of a business.
• The diverse service of outsourced recruitment package

The above are low-cost recruitment methods that businesses can refer to. For better support on this issue, please call our hotline immediately.