Pricing Strategy
Pricing Strategy
Pricing Strategy
I. Recruitment of Employees
- Recruitment on the Internet
- Tips to Applicants to Avoid Illegal Recruitment
- Recruitment Process/Plan
- Sources of Applicants
RECRUITMENT
What is recruitment?
Recruitment refers to the process of identifying, attracting, interviewing, selecting, hiring and onboarding employees. In other
words, it involves everything from the identification of a staffing need to filling it.
• Recruitment is the first step in building an organization's human capital. At a high level, the goals are to locate and hire
the best candidates, on time, and on budget.
Types of recruiting
• Internal Recruiting: internal recruiting involves filling vacancies with existing employees from within an organization.
• Retained Recruiting: When organization hire a recruiting firm, there are several ways to do so; retained recruiting is a
common one. When an organization retains a recruiting firm to fill a vacancy, they pay an upfront fee to fill the position.
The firm is responsible for finding candidates until the position is filled. The organization also agrees to work exclusively
with the firm. Companies cannot, in other words, hire multiple recruiting firms to fill the same position.
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• Contingency Recruiting: like retained recruiting, contingency recruiting requires an outside firm. Unlike retained
recruiting, there is no upfront fee with contingency. Instead, the recruitment company receives payment only when the
clients they represent are hired by an organization.
• Staffing Recruiting: staffing recruiters work for staffing agencies. Staffing recruiting matches qualified applicants with
qualified job openings. Moreover, staffing agencies typically focus on short-term or temporary employment positions.
• Outplacement Recruiting: outplacement is typically an employer-sponsored benefit which helps former employees
transition into new jobs. Outplacement recruiting is designed to provide displaced employees with the resources to find
new positions or careers.
• Reverse Recruiting: refers to the process whereby an employee is encouraged to seek employment with a different
organization that offers a better fit for their skill set. We offer Reverse Recruiting Days to help workers with this process.
At our Reverse Recruiting Days we review resumes, conduct mock interviews, and offer deep dives into specific job roles.
Click here for more information.
Look internally before externally: there’s a good chance the best candidate for your position is already working for your
organization. Internal candidates are already familiar with and contributing to your corporate culture and goals. Given their past
success within your organization, it is reasonable to expect they will continue to excel in a new position.
Reach out to “passive” candidates: there is a good chance your ideal candidate is not actively looking for a new job and will not
respond to your job board ad. Why? Because they’re likely already employed elsewhere. After all, why wouldn’t your competitors
also want to employ your ideal candidate? Therefore, effective recruiting requires you to look outside of your applicant pool for
top talent. Encouraging your staff to attend industry conferences and participate in professional organizations; developing
relationships with local university business schools (or other relevant departments); searching social media sites (i.e. LinkedIn)
for strong resumes from candidates who might not be actively looking for a new job; and encouraging your employees to refer
people they know or are connected to are all important mechanisms through which to expand your recruitment network.
Hire the sure thing: according to two authors and experts, you should hire the person who is already excelling doing the exact
job in your industry. Past success, in other words, is the best indicator of future success.
What is Online Recruitment and How Can it Help You Find Your Dream Job?
In this digital age, many business activities are done online for speed and convenience. This includes hiring and selecting of
candidates. So, what is online recruitment? How does online recruitment work? Knowing this gives you an advantage and lets
you maximize the benefits of e-recruitment (another term for online recruitment) to help you find your dream job.
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What are the Benefits of E-Recruitment?
Online recruitment has many advantages for hirers, but it also has benefits for jobseekers.
It’s inexpensive.
No need to pound the pavement handing out resumes or buying newspapers for the classified ads, like in the old days. All it takes
is a computer or smartphone and an internet connection. And off you go to find your dream job!
It’s immediate.
Job listings appear in real-time and you can respond swiftly, letting you get your application to the hirer soonest. This feature is
helpful in instances where the company has an urgent need to fill a position.
• Other organizations use job boards and send their listings there regularly.
• Meanwhile, many also have listings on their websites or social media accounts.
• Some of these tools are easy to use and will only require you to upload your documents or send them via email.
• However, job boards and recruitment websites will ask you to create accounts. This means setting up login details such
as usernames and passwords and filling out many online pages of work-related details about yourself, including contact
information, work experience, and qualifications. These details are stored and will be used each time you apply. Be sure
to update the details as necessary.
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Use a professional email address.
If you don’t have one yet, create an email address with a professional handle. It’s best to keep it simple and use your real name,
like [email protected]. Ditch the funky email addresses of your youth like [email protected] – they don’t give a good
impression to hirers. Monitor your account regularly for messages from potential employers.
Some companies use an automated online interviewing system. This asks the candidate questions, and a time limit is given for
thinking and replying with the answers. Be prepared to answer under time pressure.
What’s Next?
When you hear back from a hirer and you’re given a chance to advance to a higher stage in the process, be sure to thank them
afterward. Send them an email expressing your gratitude for the opportunity.
Make sure to check your email inbox regularly for messages and reply promptly and professionally.
The ’10 Commandments’ ot avoid illegal recruitment as follows: - Department of Labor and Employment
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RECRUITMENT PROCESS/PLAN
1. Assess needs
Start by reviewing the current state of your recruitment process and upcoming hiring needs. This includes things like expected
growth, anticipated employee turnover and new positions you might need to meet your company’s goals. Look for skill gaps in
each department to shape your strategy for strengthening the overall organization.
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6. Choose candidate sourcing methods
Another important part of recruiting is deciding where to find candidates. Some options include:
• Job boards
• Employee referrals
• Recruiting agencies
• Networking in your industry
• Professional industry organizations
• Social media
• Paid advertising
• Colleges and universities
• Job fairs
• Consider past success with each method to identify your top choices. Some positions might have different priorities. You
might find better candidates for a highly-skilled, technical position by using a specialized headhunter service or
networking with members of a professional organization.
For a less specialized position, such as an administrative assistant, you might have better luck with job boards or employee
referrals.
SOURCES OF APPLICANTS
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10 candidate sourcing strategies
How do you find top talent? The following candidate sourcing strategies will help you fill your funnel with qualified talent.
1. Stay in lockstep with the hiring manager during the candidate sourcing process
Align with your hiring managers early and often to ensure that you’re on the same page about what a strong candidate looks
like. This is one of the best ways to source candidates.
Here are some ways to increase the quality of your communication and get on the same page:
• Hold a kickoff meeting as soon as you receive a requisition to learn about the role and align on must-have and nice-to-
have qualifications.
• Ask your hiring manager to help you build a list of sourcing channels where your ideal candidates may have a presence,
and a list of role-specific keywords to search.
• Run a few searches together to discuss why specific candidates may or may not be a good fit for the role.
• Review the overall talent pool and determine if the requirements need to be tightened up or relaxed in order to find the
right number of candidates.
• Don’t stop at the kickoff meeting. Keep in constant contact with your hiring manager throughout the recruitment
process to check on the quality and quantity of candidates, and fine-tune your search with their feedback.
2. Sourcing candidates from your ATS is the best first step
If you devote time to sourcing quality candidates, you won’t just end up with a hire – you’ll also have candidates who are
qualified to recruit for future roles. But for many companies, re-engaging candidates is a missed opportunity. Even though
nearly all (99%) of companies believe re-engaging candidates will help them build their talent community and protect their
employer brand, fewer than half of employers re-engage declined candidates.
Leverage your team’s past efforts by beginning every search with the candidates your team has already invested time in and
deemed qualified to work at your organization. In order to successfully work with archived candidates, you’ll need a plan in
place for engagement.
Engaging candidates during the hiring process is a solid approach to talent recruitment. It builds your employment brand to
make you more enticing to future prospects. It also keeps the door open to candidates who were not hired but could be a fit in
the future.
If you’re not actively building an engagement strategy, you run the risk of alienating candidates who have shown interest in
your company in the past. This can be a wealth of talent for your pipeline. Keeping those lines of communication open is a
benefit.
You need to provide a great candidate experience so candidates want to re-engage in the future. Archive candidates
appropriately so you can find them again.
Here are three simple steps you can take to ensure that you leverage past recruiting work to generate future candidates:
Track why candidates aren’t hired
You can only re-engage candidates if you’re keeping tabs on why they don’t make it to ‘hired’. Were they a good fit for a role you
don’t have yet? Did the role get filled? Are they underqualified now, but show potential for the future? It can help to use an
applicant tracking system, like Lever, to record all of this information.
Give feedback
Talent is four times more likely to consider your company for a future opportunity when you offer them constructive feedback,
yet only 41% of candidates have received interview feedback before.
Circle back
Most (80%) job seekers say they would be discouraged from considering other relevant job openings at a company that failed
to notify them of their application status. Yet, they would be three and a half times more likely to re-apply to a company if they
were notified.
• From the perspective of someone who’s been deep in this domain for a while, where might you start a search for this?
• Where might this community congregate?
• What companies are focused on similar tech/products/services?
• Do people in this role go by multiple job titles? What are they?
• Other, more general, but worthwhile online sourcing channels include Aevy, AngelList (for tech talent), Entelo,
Facebook, Hired, Sourcing.io, Twitter, and Xing.
4. Include offline recruitment methods
There’s no doubt that online channels amplify your engagement. But offline recruitment methods are still a powerful force.
Going offline and meeting people face-to-face at events is a great way to source new candidates.
Attend job or industry-specific conferences and events, or host your own meetups to bring together groups of people you’d like
to meet. There will be less competition to stand out as an employer, and candidates will be more likely to respond to your
follow-up messages after they’ve had a conversation with you in person. If other people in your organization attend events, ask
them to stay on the lookout for great candidates too – sourcing should be a team sport!
• Lead with a subject line that will stand out and make the candidate want to open and read your message.
• Always personalize your message with relevant information about the candidate.
• Paint a brief picture of the role and your organization.
• Explain how you think they could contribute to the team.
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Knowing your audience is crucial to writing a strong outreach message. While 78% of sales professionals said they would
accept less money to work at a company selling something compelling, 66% of healthcare professionals are likely to accept less
money to work at a company with a great culture.
Improve your response rates by focusing on the things that matter to each type of candidate. Your goal is to give them just
enough information to pique their interest and respond, but you want to be careful about overloading them with information.
Ask your recent hires for feedback on your outreach messages, and use that feedback to test different messaging and improve
your response rates.
8. Build a strong employer brand
Your employer brand could be the difference between a candidate responding to your outreach, or ignoring it. Candidates
aren’t likely to respond to your outreach if they perceive your employer brand negatively, and an unknown employer brand can
stymie your efforts as well. In contrast, a strong employer brand is an incredibly effective recruiting tool: 92% of candidates say
they would consider leaving their current jobs if a company with an excellent corporate reputation offered them another role.
To increase your sourcing (and overall recruiting) success, here are some tips on both repairing and building your employer
brand:
Respond to reviews
Reviews matter to your prospective talent. Over 60% of candidates check company reviews and ratings before they determine
their interest in a job. Regularly check review sites like Glassdoor and InHerSight, and respond to the feedback to let people
know you appreciate their input and will take action where it’s necessary. This will generate goodwill, and help your employees
feel engaged and heard.
Tell your story
Engaging your employees in storytelling, encouraging them to personalize their LinkedIn profiles, starting a company blog,
being active in the press, and speaking at conferences are just a few of the ways employers can spread awareness about their
brand. At Lever, for example, employees regularly contribute to our company blog, where they share authentic stories about
their professional experiences, topics they’re passionate about, and their journey to Lever. If you’re a small company and
candidates want to know more about your brand, having these proof points can be the factor that sparks conversation.
Partner with marketing
Many of the strategies needed to help spread your employer brand are the same ones you’ll find marketing using to promote
your corporate brand. See if you can partner closely with them on both content creation and distribution.