Experience in balancing costs and recruitment time for businesses

Normally, recruitment duration for businesses lasts from 1 week to a maximum of 1 month but in fact, it depends on the level of the vacancy, the cruiters will consider the most suitable time and budget, and balancing the cost and time of recruitment is not easy for them.

The following is the experience of FaroVietnam about balancing the cost and time of recruitment to share with businesses.

Recruiting for vacancies that have high success rate

These vacancies pose simple requirements for experience and qualifications such as:

• Recruit employees without experience and employees who just graduated or 6 months - 1 year experience
• Expand the field of industry of candidates to apply
• Vacancies which are considered as easy-to-recruit positions for employers to save costs and time through supply channels such as social networks.
• Set up social network accounts on facebook, twitter, Linkedin…
• Actively participate in recruitment groups, recruitment forums, etc.

Recruiting for mid-level vacancy

Mid-level recruitment will require more requirements in terms of qualifications, main occupations, experience and skills. Therefore, businesses must plan, but the specific requirements are as follows:

• Graduated from a university or college in the right major
• More than two-year experience in the same position
• Good communication, negotiation and analytical skills

There are a number of specific qualifications according to the requirements of each job
At this time, to approach the fastest and most qualified candidates, employers should choose professional candidate sources from paid media. The fee from this recruitment web source is not too high, but businesses can gain relatively good effect.

Recruiting for senior management positions

For senior management positions with strict requirements, professional qualifications and management capacity are compulsory criteria. With the requirement of technical skill, it will be more challenging to find senior management candidates.

Therefore, businesses tend to choose one of the following ways to find candidates quickly:

- Promotion of internal human resources:

This method focus on developing, creating opportunities and fostering for employees who are working at the enterprise to find senior management positions that are difficult to select candidates. This way can bring many advantages such as quickness in evaluating and selecting the suitable employees, quick progress of taking over new jobs, and almost no recruitment costs. incurred,…

- Outsourced recruitment company:

This form of recruitment costs a lot but is highly efficient. The business signs a contract and gives recruitment rights to an external recruitment company specializing in the field of recruitment. From there, businesses can access the wide human resources relationship and professional recruitment skills to quickly gain success. In addition, the recruitment company will have binding terms on duration, quality, responsibility during the recruitment process and service warranty. As a result, businesses can only spend an affordable budget but rapidly get quality candidates and stay on top of projects as well as talent acquisition.

However, businesses should pay attention to choose a reputable and experienced recruitment service company, which can ensure all terms for business during the service process and offer the most reasonable cost.

Above is the experience of balancing cost and recruitment time. If businesses need further advice on this topic, please contact the hotline.