A good employer brand can drive job site traffic and increase the number and quality of job seekers and recruiters. You can also improve your bottom line by reducing recruitment costs, reducing turnover, and training costs. It can even improve your productivity.
Whether to hire an agency depends on how many positions you need to fill, how quickly you need to fill them, how often you need staffing/recruitment services, the types, and attitudes of candidates you want to attract, your budget, etc. depending on some factors. and your internal capabilities.
Let’s understand what a referral program is first. A referral program is a way for companies to hire employees referred by an existing employee. It encourages accountability for the existing employee to recommend someone who will be fit for the role.
HR policies provide employees with a sense of security, they feel respected and looked after. It also puts things in order for the organization and tracking employees’ growth, discipline, vacations, etc. becomes easy. It works in favor of employees and also the organization.
Consider it like a network that connects the jobs and job seeker, or consider it like a bank, where companies deposit their vacancies and withdraw suitable candidates. It is a database of jobs available and available candidates for those jobs. Placement consultancies help both the companies and job-seekers. In a competitive job market like India, you will find placement consultants in all big cities of the country.