Recruitment is the process of looking for prospects and influencing them in order to fill open positions in a company. The goal of recruitment is to identify competent individuals who can help the company grow.
Various methods of interacting with a job seeker in order to complete the task of locating prospective employees are called sources of recruitment. In basic terms, sources of recruitment is the agency through which information about open positions is made available to potential applicants. Internal and external sources are the most typical two types of recruitment. Internal and external recruiting is the subject of this section, which we will go through in detail.
Recruitment: Meaning and Sources of Recruitment
When there is a position available in the company, it is most likely to be filled. The recruitment of process and placement on a suitable employment for those who are chosen is under the purview of selection.
Once the available positions are determined, they are announced via a variety of channels, and subsequently applications for those posts are accepted. Recruitment is used to create a group of people interested in doing the task and qualified to do so.
Sources of Recruitment
Available candidates for a certain position can be found via a number of sources. These categories may be divided into two subsets.
Internal sources of recruiting are individuals who have previously been employed by the organization. Internal communications can be used to inform an employee of a job opening.
There are different types of internal hiring in the organisation and they are as follows:
- Employee Referrals
- Former employees
- Internal advertisement
Check out below about different types of internal hiring in the organisation in detail:
- Promotion: A promotion is a movement of an employee from one job to another, also known as a change in designation. It entails elevating an existing employee to a higher position in the company and giving him or her more responsibility and pay raises. A company’s promotion helps to spur other workers to produce at their highest levels of performance.
- Transfer: The term “transfer” refers to the movement of a current employee from one department to another within an organization.
- Employee Referrals: Employee referral may be sought by an organization in order to save money on hiring. Employee referrals are common, even if the job market is not. Referees might be asked to complete a questionnaire with their recommendations (a form of application), which they can do without putting them through so many hoops that it would make no difference whether they were chosen or rejected.
- Former employees: Some businesses, on the other hand, allow you to hire retired persons who are eager to work part-time or full-time for them.
- Internal advertisement: If a lot of people have been laid off, it is possible that current staff are looking for new employment. The existing workers may be interested in taking up the open positions since they have been with the firm for a long period of time and know about the job requirements and description. The ad outside of the company is disseminated so that employees will be informed in order to benefit them.
Advantages of Internal Sources
Following are the advantages of the internal sources:
- The company saves money on recruitment programs, which translates to a higher revenue for the organization.
- It makes selecting and transferring personnel a breeze.
- The objective of this strategy is to make people feel valued. It also provides a boost to morale for the current staff since it comes from within.
- Employee empowerment is a powerful method for building loyalty, which promotes increased productivity.
- Because current employees will be familiar with the company’s working routine, it will take significantly less time for rehires to acclimate themselves to their new job.
Disadvantages of Internal Sources
Following are some of the disadvantages of the internal sources:
- Reductions in morale among those who aren’t chosen or considered for appraisal are caused by recruitment from the outside.
- The threat of being fined or imprisoned for overtime violations deters competent individuals from working for the firm.
- If one employee is chosen for promotion, while the others are not, there may be conflict.
External sources of recruitment are always on the lookout for fresh talent that has not previously been considered by the company.
The introduction of new employees to the company, rather than replacing existing staff with rookies, leads to expansion and development.
Following are the some of the external sources of recruitment:
- Employment Exchanges
- Employment portals
- Educational Institutions
- Advertisement: A headhunter’s database is a great place to start your search. It gives you access to an extensive pool of resumes, and it can lead you right to the person who is looking for work right now. This sort of source is utilized for mid-level and high-level hiring.
- Employment Exchanges: The government runs employment exchanges, which act as a source of recruitment for individuals.
- Employment portals: In this age of technology, the business of hiring has advanced considerably. Many employment websites now exist, where you may discover information about job opportunities.
- Educational Institutions: The educational sector is another wonderful place to look for candidates because many students or resources may be found in one location at once.
- Recommendation: This may also be an excellent place to look for new employees since a current employee will have a better idea about who would be good fits for the position.
Advantages of External Source
External sources have the following benefits:
- It aids in the availability of competent staff.
- Employees hired using outside resources will provide fresh concepts.
- Employees join as experienced professionals, saving time on training new employees.
Disadvantages of External Source
- This can create dissatisfied workers, since the old employees may feel they were owed a chance to develop.
- It has the potential to create a divide between the new hires and the existing staff.
- It’s a lengthy procedure that may take many rounds for the employee to complete.