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Aaditya Mandloi
Written by :
Aaditya Mandloi
October 29, 2024
16 min read

5 Recruitment Strategies: A Primer on Resources vs Efforts

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Getting the right talent on the workforce is more than just filling a vacant position.

It’s about joining forces with candidates with skills that align with the organization’s future goals. This is where the laborious task of selecting a fitting recruitment strategy becomes key. Knowing where to focus is crucial, as there are two approaches that can be taken such as skill-based hiring and optimizing your on-going efforts.

So, let's begin, these are the 5 recruitment strategies broken down in terms of Capex Vs. Efforts.

Recruitment Strategy Resources Required Budget, Impact & Time to Implement Best for Industries Factors to Measure Impact
Building a brand presence 5 (Brand Manager, Content Writer, Social Media Manager, Graphic Designer, HR Manager) Medium to High budget, High impact, 6-12 months All industries Brand visibility, number of applications
Create compelling job descriptions 2 (Content Writer, Recruiter) Low budget, High impact, 1-2 weeks Tech, Retail, Service Application quality, time to hire
Claim your Company Page 1 (Social Media Manager) Low budget, Medium impact, 1-2 weeks Startups, SMEs Page visits, engagement
Showcase Strong Employee Benefits 3 (HR Manager, Compensation Analyst, Copywriter) Medium budget, High impact, 3-6 months Healthcare, Tech, Finance Employee satisfaction, offer acceptance rates
Attend Industry Events & Job Fairs 3 (HR Manager, Event Coordinator, Recruiter) High budget, Medium impact, 1-2 months per event Manufacturing, Healthcare Candidate connections, immediate hires
Host Recruitment Events 5 (Event Coordinator, Recruiter, HR Manager, Sourcing Specialist, Tech Support) High budget, High impact, 3-6 months All industries, especially Tech Candidate engagement, event attendance
Treat Candidates as Customers 3 (Recruiter, HR Manager, Customer Experience Specialist) Medium budget, High impact, Ongoing Tech, Finance, Professional Candidate reviews, job acceptance rates
Humanize the hiring process 2 (Recruiter, HR Coordinator) Low budget, Medium impact, 2-4 weeks SMEs, Non-profit Candidate experience, feedback
Automate candidate relationship management 3 (Recruiter, CRM Specialist, Data Analyst) Medium to High budget, Medium impact, 1-2 months Tech, Large Enterprises Response time, candidate satisfaction
Answer Candidate Questions Online 1 (Recruiter or HR Coordinator) Low budget, Medium impact, 1-2 weeks Retail, SMEs Website traffic, FAQ engagement
Self-Schedule Interviews 2 (Recruiter, Tech Support) Low budget, Medium impact, 1-2 weeks Tech, Professional Services Interview completion rate, scheduling conflicts
Automate redundant tasks 3 (HR Tech Specialist, Data Analyst, Recruiter) Medium budget, High impact, 2-3 months Large enterprises Time saved, error reduction
Recruiting technology for engagement 3 (Tech Specialist, HR Manager, Content Writer) Medium to High budget, High impact, 1-3 months Tech, Large Enterprises Engagement metrics, candidate interactions
Get an Applicant Tracking System (ATS) 4 (HR Manager, Tech Specialist, Data Analyst, Recruiter) Medium to High budget, High impact, 2-3 months All industries Time to hire, applicant quality
Leverage data-driven recruiting 4 (Data Analyst, HR Manager, Recruiter, Tech Specialist) Medium budget, High impact, 3-6 months Tech, Finance Data accuracy, hiring success metrics
Automate interview scheduling 2 (Recruiter, Tech Specialist) Low budget, Medium impact, 1-2 weeks All industries Time saved, candidate satisfaction
Start an Employee Referral Program 3 (HR Manager, Recruiter, Employee Engagement Specialist) Medium budget, High impact, 1-3 months All industries Quality of hires, retention rates
Targeted job ads 3 (Marketing Specialist, Recruiter, Data Analyst) Medium budget, High impact, 1-2 weeks All industries Application quality, cost-per-hire
Reach out to past applicants 1 (Recruiter) Low budget, Medium impact, 1-2 weeks SMEs, Startups Re-engagement rate, time to hire
Passive Recruitment 3 (Recruiter, HR Manager, Data Analyst) Medium budget, Medium impact, Ongoing Tech, Finance, Professional Long-term engagement, time to hire
Reach out to companies with layoffs 2 (Recruiter, HR Coordinator) Low budget, Medium impact, 1-2 weeks All industries Response rate, candidate availability
Check resumes posted online 1 (Recruiter) Low budget, Medium impact, 1-2 weeks All industries Candidate interest, application volume
Track recruiting metrics 3 (Data Analyst, Recruiter, HR Manager) Low to Medium budget, High impact, 1-2 months All industries Time to hire, cost-per-hire, diversity metrics
Improving hiring with AI & data 5 (Data Analyst, HR Manager, Tech Specialist, Recruiter, AI Specialist) Medium to High budget, High impact, 6-12 months Tech, Large Enterprises Data accuracy, quality of hires, diversity metrics

1. Branding and Talent Attraction

No matter what feats an organization achieves in the shadows, at the end of the day, it still boils down to employer branding as a way to attract top talents. Organizations with bold and authentic branding tend to attract more talent. Employer brand isn't just about a flashy website; it's showing day in and out why you are an amazing place to work!

Efforts Required

Level of effort can range from low (maximizing online presence) to high (running events and fairs).

Impact on Organization

Bringing on higher quality candidates who fit in with your culture means a lot less turnover and cheaper cost-per-hire.

Known ways for branding and talent attraction:

1.1 Creating a brand voice: Showcasing the company culture on platforms like LinkedIn. It provides exposure through employee connections and at the same time exhibits the values of the company.

Effort: Requires developing brand guidelines, creating consistent content, and engaging employees as brand ambassadors

Impact: Builds credible employer brand, expands organic reach through employee networks, and attracts candidates who align with company values

Example: Use LinkedIn and Glassdoor to post employee testimonials. Share examples of past successes.

1.2 Attractive Job Descriptions: Create job postings that represent your company in a good light and get to the point, fast. Platforms like iMocha have built-in AI for creating highly relevant job descriptions with a click of a button.

Effort: While low on effort, getting the job descriptions right is crucial. Be direct while mentioning job responsibilities and what the applicant can expect in terms of compensation as well.

Impact: A carefully crafted job description can save the unnecessary back and forth in case there are some basic things about jobs that are unclear or vague. Subsequently saving hiring time by filtering job-fit candidates.

1.3 Market Strong Employee Benefits: Highlight one of your unique perks and employee benefits. For instance, health benefits, remote work flexibility and learning opportunities should be the hero of the job postings.

Effort: Low effort is needed. Mentioning things that are beneficial for employees like perks, WFH, Bonuses etc. Is a great way to capture interest of your targeted talent.

Impact: When marketed the right way, great employee benefits and company culture can help you create a steady pipeline of qualified candidates.

1.4 Use iMocha Skills-Based Assessments: Move to skill-based hiring which will increase your employer brand, if you are proving that candidate can be evaluated on the basis of their competency than just credentials.

Effort: Medium efforts are needed as everything else is taken care of by the platform. The only effort needed is to make the switch and get onboarded to skills-based assessment platform, like iMocha.

Impact: Skill-based hiring ensures a wider talent pool and prioritizes skills over credentials. When skills are validated then less time is spent on training and more time is spent on execution.  

Example: Highlight the usage of skills-based evaluation like iMocha in postings to show that skills are priority not credentials.

2. Candidate experience

It’s imperative to ensure good candidate experiences, as it directly influences the brand perception. Happy candidates feel valued and don’t think twice before passing along a good word for the organization.

Efforts Required

Higher impact, medium effort (particularly if automating).

Impact on Organization

As a result, the development of candidate relationship leads to brand reputation by keeping retention high and dropout rates at bay.

Different ways to improve candidate experience:

2.1 Treat Candidates as Customers: Though never be an advocate of tighter recruit budgets, note on feedback through the process (good or bad) is simply good manners.

Effort: Medium. Requires standardizing communication processes and training recruiters on feedback protocols.

Impact: High. Strengthens employer brand, increases referrals, and builds a positive talent network even from rejected candidates.

Example: Send personalized follow up emails and update candidates on their application status.

2.2 Personalize it: Some ways to do this include making a personal phone call at critical touch points, interacting directly with the individual.

Effort: Requires setting aside dedicated time for personal outreach and maintaining conversation notes.

Impact: Increases candidate engagement, improves offer acceptance rates, and creates memorable experiences that candidates share.

For instance, schedule the interviews with department heads to build a rapport between candidates and future teammates.

2.3 Leverage iMocha's customizable skills assessments: Automated skill evaluations can make the assessment process much faster and allow candidates to showcase their knowledge & strengths in the initial stages of your recruiting. This also allows for a quicker time-to-hire and improves the candidate's experience by giving them helpful feedback right away.

Effort: Requires initial setup of assessment templates and integration with existing hiring workflow.

Impact: Dramatically reduces screening time, improves quality of hire, and provides candidates with valuable skill insights and feedback.

For example: Use iMocha to test on technical and soft skills prior to interviews itself, interview only the best candidates.

2.4 Self-scheduling interviews: Let the candidates schedule their own interview based on your hiring team's availability using an automation tool.

Effort: One-time calendar integration setup and team training on the scheduling platform.

Impact: Reduces scheduling back-and-forth, speeds up hiring process, and gives candidates more control.

For example: Calendar tools such as Calendly can provide both candidates and recruiters with flexibility and ease.

3. Technology and Automation

Including technology in your recruitment process will save time on tedious tasks, reduce human errors and give insights into data on how to make better hiring decisions.

Efforts Required

High, but makes up in terms of efforts with good automation/tools.

Impact on Organization

Automation streamlines hiring processes and ensures better outcomes, thus letting the HR teams concentrate more on high-end operational activities.

Known ways to integrate technology & automation:

3.1 Automate repetitive tasks: Resume screening, interview scheduling and communication can all be automated to allow your team to concentrate on higher level responsibilities.  

Effort: Initial investment in selecting and implementing automation tools, plus process mapping.

Impact: Saves significant recruiter time, reduces human error, and enables faster candidate processing.

For instance, an ATS or CRM software could be deployed to define better workflows for candidates.

3.2 Use an ATS: Applicant Tracking Systems pool data of applicants at a common place and perform many other recruitment related tasks automatically which saves a lot of time.  

Effort: System implementation, data migration, and team training on new platform.

Impact: Creates single source of truth, improves collaboration, and enhances recruitment analytics.

Example: Adoption of an advanced ATS which helps to keep track of where the candidate is, any given day, through every stage and this can be done in real-time.

3.3 Leverage iMocha skills intelligence for candidate assessments: Using skill-based assessment tools like iMocha helps in the evaluation of technical and soft skills in a more accurate and faster way. This can take some time but helps in locating high-potential candidates already within your system, slowly decreasing the wastage of time-to-hire.  

Effort: Setting up skill frameworks, customizing assessments, and integrating with existing systems.

Impact: Reduces bad hires, speeds up screening, and creates data-backed hiring decisions.

Example: Use iMocha to examine for AI (You could add this here in with that) capabilities as well as soft skills such critical thinking.

3.4 Data-driven recruiting: AI can help companies analyze hiring trends, and also boost candidate engagement or retention strategies.  

Effort: Establishing metrics, implementing analytics tools, and training teams on data interpretation.

Impact: Enables predictive hiring, improves quality of hire, and optimizes recruitment ROI.

Example: Utilize data analytics to monitor how well recruitment campaigns are doing.

4. Outreach and Sourcing

Proactive and creative outreach to candidates can help avoid the talent pool run dry. Employee referrals, targeting passive candidates and sourcing from reachable talent pools mean you cast a wider net quite well.

Efforts Required

Low (reaching out to past applicants) —> Medium (referral programs; passive candidate engagements).

Impact on Organization

Similar outreach reduces hiring time and increases targeted candidates.

Different ways to improve outreach and sourcing:

4.1 Create an employee referral program: Referrals typically mean pre-vetted, and better-retained candidates in most cases. Incentives for effective employee referrals—clearly define what a good lead looks like and a fixed tenure to be served for a successful referral.

Effort: Low effort is required as referral programs are mainly driven by the employees, and you just have to structure an attractive referral bonus scheme around program.  

Impact: The impact is high with this activity as it ensures a steady pipeline of vetted talent.

4.2 Skills Intelligence for Internal Mobility: Examine internal candidates through the skills inventories to determine who inside your organization can take on new roles or a position evolving. Which in turn, reduces the need for external recruitment and supports internal mobility.

Effort: Creating comprehensive skills inventories and establishing internal mobility frameworks

Impact: Reduces hiring costs, improves retention, and accelerates filling positions with pre-vetted internal talent

Example: Use iMocha Skills Intelligence to successfully move internal candidates into new positions by reviewing their current competencies, highlighting upskilling areas.

4.3 Contact former applicants: Want to re-engage someone perfect for the role who may have applied previously but not been right at that time?  

Effort: Regular database maintenance and personalized outreach to past candidates.

Impact: Speeds up hiring process, leverages pre-screened talent, and improves candidate experience.

Example: Go into your ATS and look for candidates who once made it all the way to final interviews, but this time consider them for new roles.

4.4 Contact companies that have been known to lay off: connect with the employees affected by layoffs from similar sector organizations.  

Effort: Monitoring industry news, establishing outreach protocols, and maintaining sensitive communication.

Impact: Accesses experienced talent pool reduces time-to-hire for critical roles and builds goodwill in the industry.

For example, create automated triggers for layoffs at companies to swoop in and engage the top talent with alerts happening.

5. Metrics-based & evidence-driven recruiting

Data-driven recruiting allows you to gauge success, discover areas for improvement, and inform better decisions. These include time-to-hire, cost-per-hire, and quality-of-hire. Corresponding data which can be used as a valuable tool for formulating future recruitment strategies.

Efforts Required

Moderate effort — especially when it comes to more advanced AI and data science.

Impact on Organization

The use of data in the hiring process ensures more efficiency, less mistakes when identifying quality talent and better hires overall.

Known ways to implement metrics-based & evidence-driven recruiting:

5.1 Monitor recruiting metrics: track your key performance indicators like time-to-fill, quality-of-hire and candidate satisfaction to remain efficient and effective throughout the year.

Effort: Setting up tracking systems, defining measurement criteria, and maintaining regular reporting cadence

Impact: Enables data-driven decisions, identifies bottlenecks, and improves overall recruitment efficiency

Example: leverage HR analytics tools to gather and measure data through every step of the recruitment process

5.2 Hire better quality candidates: By using iMocha Skill Intelligence Cloud, you can reduce time-to-fill and improve the candidate conversion rate through real-time skills data. This lowers the turnover and ensures selection of those who are aligned to the organization’s values and goals.

Effort: Defining clear skill requirements, setting up assessment workflows, and training teams on skills data interpretation.

Impact: Reduces turnover, improves candidate quality, and ensures better role-culture fit through objective evaluation.

Use case: Use iMocha Skills-based Assessment data to monitor the alignment of the candidates' skills with the role and ensure better quality hires over time.

5.3 Address skills gaps with iMocha: Identify skill gaps with iMocha’s AI-powered skills gap analysis to plan your hiring strategy.  

Effort: With a platform, efforts are at a medium level. Platforms like iMocha ensure accurate and reliable skills gap identification.

Impact: However, the Impact’s high because, the sooner the gaps are identified the sooner they’re bridged, subsequently affecting business.

For example, uncovering an important area in which your team is lacking skill and then either hiring someone new or training up internal employees based on the data.

In Summary

There are a variety of recruitment strategies that will work best in the right context — use tactics like branding, candidate experience, technology and data to build your ideal formula.  

Platforms like iMocha Skills Intelligence Cloud contribute significantly to outcome-based hiring, enabling businesses ascertain whether they have right/wrong fit for the position and aid in identifying skill gaps as well as decreasing TAT (Turnaround time) of candidate selection.  

In this way, you can improve your recruitment — ensuring that it is tailored based on the business skills and collective agility needed for forwarding a multiple-generation workforce.

FAQ

What are the important KPI in recruiting?

Track time-to-hire, cost-per-hire, quality of hire, source effectiveness, and offer acceptance rate. For long-term success, also measure new hire retention and hiring manager satisfaction.

What recruitment strategies are best suited for high-growth industries?

Build a strong employer brand, leverage referral programs, maintain talent pools, and use predictive hiring tools. Speed and quality matter most—use AI-powered assessments to screen faster while ensuring quality.

What recruitment strategies are most effective for retaining employees?

Focus on cultural fit during hiring, set clear career paths, offer competitive growth opportunities, and ensure transparent communication about expectations. Prioritize candidate experience—it sets the tone for their entire journey.

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