1. Allows you to attract the best talent
An effective recruitment process connects you with top candidates. This is particularly important when you remember that around 70 % of the workforce is made up of passive candidates, who probably wouldn’t come across your job openings without active engagement from your recruitment team.
And it’s not just about finding the right candidates: a 2019 study found that almost half of the jobseekers in high-demand industries had turned down a job offer because of a poor recruitment experience. A solid recruitment and selection process can help convince top candidates that you’re the right company for them.
2. Reduces turnover and absenteeism
When it’s done right, a strong recruitment and selection process can improve employee engagement, reduce absenteeism and even increase retention. After all, when you find the right person for a role, there’s a much better chance that they’ll perform to the best of their ability and stick around for the long term (especially if you have great employee induction practices in place).
3. Saves your organisation money
Leaving a role sitting empty for too long can be a big drain on a company’s finances. Average cost of bad hire involve huge cost. This means that both recruitment (which allows companies to find candidates for each open position) and selection (which ensures they choose the right candidate) help companies to save money in the long run.
4. Creates a level playing field
By formalising the recruitment and selection process, you can ensure that it doesn’t leave room for unconscious bias on the part of hiring managers. This gives everyone with the right skills and experience the same opportunity to land a role, regardless of their background.
