Collaborative Hiring and its Advantages

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The collaborative hiring process is a different approach to the recruitment from the traditional or conventional hiring methods. In this approach, the hiring managers do not make the entire decision of the recruitment. Instead the employees and other people such as the consultants also present their opinion regarding the process and the potential candidates. In modern times, many multinational and blue chip companies have switched to this initiative of recruitment for certain profitable reasons. The pointers that make such type of hiring beneficial are listed below.

  • There are companies such as Apple, Facebook and Google who have already shifted to this model of hiring and have established the fact that this approach is directly proportional to the profitable innovation. It is an advantageous approach to the business process as a whole.
  • The key selling point of this approach is the existing employee base. Involving them in the recruitment process means increasing the visibility of the process. This augments the transparency and decision making within organization. Due to this benefit, it is usually preferable by a manpower consultancy.
  • In this approach, the employees become the face of recruitment and they are the best sales person in this scenario. Candidates tend to get more convinced about the job role and the company and there is a higher chance of accepting the offer.
  • Since, the candidates interact with the future team members before hand during the interview process; they can understand the team behavior and attitude of the work environment. It reduces the chances of unwanted friction of attitude.
  • Since there are different opinions involved in the recruitment process, it is easier to identify any existing loopholes within the system. In this the evaluation of the candidate is also performed in a more structured and effective manner.
  • The referral program becomes much more effective through this approach. It shows the value addition of the employees in the recruitment process and the efforts are also recognized in the form of rewards. This in turn increases the quality of hire as well as the volume in a positive way.
  • It contributes towards employer branding that gives a significant competitive edge in the market or industry. This initiative showcases the employee involvement in major workforce building initiative and projects an employee centric work culture of the company.
  • This directly contributes towards the productivity of the new recruit. As the team members were involved in the hiring process, they are more involved in training the new recruit and bringing him or her up to the level of essential productivity. It is helpful for the entire business process in the long run.

The collaborative hiring process increases the level of knowledge of existing employees as well. During the interview process, the exchange of questions, answers and queries help in understanding the market conditions as well the company stand point in view of the outside world from the candidate. This aids in better implementation of business strategies.

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Advantages Of A Job Consultancy

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The corporate world is moving a rapid pace. It is becoming difficult for companies to keep up with the increasing demand of industries due to dynamic innovation of technology and fast changing trends. In order to support such conditions, the production of the organization as well as performance of the employees need to be at par with such conditions. Therefore, companies are now looking out of candidates who can join immediately after selection and take over the responsibilities at a swift pace to support the flow. The demand of “ready now” candidates is on the rise. A job consultancy is very crucial in such a scenario that can locate and bring in such candidates. The companies can benefit from following features of a job consultancy.

  • Such consultancies have a strong network of candidates readily available under their system. These candidate profiles are already pre verified and accessible at the same time which might not be available through normal channels. This is beneficial if a company is looking out for professionals in niche segments and industries.
  • They can help in streamlining the entire process to make it more effective and efficient at the same time. From the huge number of random applicants, they short list a small batch of effective and most aligned candidates which reduces the unwanted time of going through huge number of random resumes.
  • They reduce the wastage of management time to a significant level. They interview and evaluate only the most relevant candidates based on the company requirement on the behalf of the organization. These candidates will have the most significant skill set that is in line with the job profile.
  • Usually a job consultancy has a board of recruiters who have rich years of experience in hiring as well as in the HR segment. Hence they understand the recruitment agenda as well as the company work environment. Accordingly they can effectively evaluate and analyze candidates in terms of technical skill set as well as professional behavioral aspect in order to find the best match for the company.
  • Today the companies are looking out for solutions that are not only time effective in nature but also are budget friendly. If the cost of recruitment process is added up based on individual stages, then it becomes significant. Cost of job ads, resources devoted towards CV short listing, conducting interviews, evaluation, on boarding and such like involves a significantly amount of money, whereas a consultancy can provide all services under a single umbrella at a better cost structure which is profitable for the company.

Lastly, just finding candidates and conducting the interview process does not make the system effective. There are certain other elements to the process as well. Consultancies provide valuable advice on the salary benchmarking which is at par with the market so that it provides a suitable position among competitors and it is budget friendly at the same time. This helps the company in the long run towards growth and development.