Strategic Approach Key to Success in High-Volume Recruitment, HR Research Institute Finds
August 13th, 2024 1:00 PM
By: HRmarketer Editorial
New research from HR.com's HR Research Institute reveals that organizations with effective high-volume hiring capabilities are significantly more likely to have a dedicated strategy. The study identifies key practices driving success in mass hiring initiatives and highlights the importance of automation and outsourcing in the recruitment process.
A new report from HR.com's HR Research Institute (HRRI) has uncovered a critical link between strategic planning and success in high-volume recruitment. The study found that organizations with effective high-volume hiring capabilities are nearly eight times more likely to have a dedicated strategy compared to those with ineffective capabilities, underscoring the importance of a well-defined approach in today's competitive hiring landscape.
The comprehensive report, titled 'HR.com's State of High-volume and Hourly Hiring 2024', delves into the unique recruitment processes required for mass hiring initiatives. It offers actionable insights for employers looking to enhance their talent acquisition strategies in response to increasing demands in the current job market.
Despite the clear advantages of having a robust high-volume recruitment strategy, the research reveals that few organizations currently have such a plan in place. This gap presents both a challenge and an opportunity for HR professionals and business leaders to gain a competitive edge in attracting and hiring quality candidates at scale.
The study identifies several key practices that drive success in high-volume recruitment. Among organizations with effective mass hiring capabilities, 65% focus on automating as much of the recruitment process as possible. An equal percentage prioritize removing barriers to applying, while 64% emphasize developing a compelling employer brand and value proposition.
Outsourcing emerges as a popular strategy, with 52% of organizations choosing to outsource at least part of their high-volume recruitment process. This approach allows companies to leverage external expertise and resources, particularly when dealing with the complexities of large-scale hiring. The primary partners for outsourcing include staffing agencies (62%), job boards and aggregators (57%), and temporary employment services (45%).
Debbie McGrath, Chief Instigator and CEO of HR.com, commented on the findings, stating, 'High-volume recruitment is becoming the norm across industries, yet many organizations struggle due to a lack of strategy and the right tools. Those who invest in a well-defined approach and leverage effective technologies are far more successful in attracting and hiring quality candidates at scale.'
The implications of this research are significant for HR professionals and business leaders. As high-volume hiring becomes increasingly common across various sectors, organizations that fail to develop and implement effective strategies risk falling behind in the race for talent. The report suggests that investing in automation, streamlining application processes, and building a strong employer brand are crucial steps in creating a successful high-volume recruitment strategy.
Furthermore, the findings highlight the potential benefits of outsourcing certain aspects of the recruitment process. By partnering with specialized agencies and leveraging external resources, companies can potentially improve their hiring efficiency and access a wider pool of candidates.
For HR professionals looking to build more effective employee development initiatives, the full research report HR.com's State of High-volume and Hourly Hiring 2024 is available for free download. Additionally, a recorded webcast presentation titled What's Happening with High-Volume Hiring and Hourly Hiring in 2024? offers further insights into the research findings.
As organizations continue to navigate the challenges of high-volume recruitment, this research provides valuable guidance for developing strategies that can lead to more effective and efficient hiring processes. By adopting a strategic approach and leveraging the right tools and partnerships, companies can position themselves to attract and secure the talent they need to thrive in today's competitive business environment.
Source Statement
This news article relied primarily on a press release disributed by Newsworthy.ai. You can read the source press release here,