What Are the Different Recruitment Types in the HR Industry in 2023?

Efficient recruitment is crucial for any business to be successful and grow at scale. The quality of the team you hire eventually impacts the company's overall trajectory. But before diving into the quality of hire, it's vital to understand the different recruitment types and avenues available in the industry.

In this blog, we take a detailed look at the different recruitment types, top recruitment platforms, and best practices for making good quality hires. Let’s dive in!

Effective recruitment methods & strategies

There are two fundamental recruitment types in the HR industry: Internal and external.

Internal recruitment refers to hiring, promoting, or transferring employees from within the organization to a different position or role based on evolving requirements.

External recruitment is the process of hiring new employees from external platforms using various techniques to fill vacant roles.

Internal recruitment

Internal recruitment is one of the simplest ways to fill a position quickly. There can be different internal recruitment types. Let us have a look.

Internal transfers

Internal transfers is the concept of transferring employees within the organization to a new role. Many employees develop new skills while working. They are transferred to fill an internal vacancy based on the company’s needs.

When you do an internal transfer, these employees may not necessarily be entrusted with added responsibilities or salary hikes. It is like a horizontal transfer from one department to another. Internal transfers can be a good option when you need to fill a role quickly and have surplus resources within the organization to fulfill that requirement.

Promotions

Promotion is an internal recruitment type that allows companies to upgrade the rank of their employees based on their performance and organizational requirements. It usually involves shifting employees to a position of higher responsibility with better perks and compensation.

Promotion is an easy way of filling up vacant higher positions within an organization. This recruitment process is generally quicker and more efficient than hiring new employees from outside.

Referral program

The employee referral program is one of the prominent internal recruitment types that incentivizes current employees to refer jobs to suitable candidates. It is a cost-effective method of sourcing employees and can often help fill positions quicker than other traditional recruitment types.

It is a win-win situation for both parties as the company rewards employees for their referrals, and the companies get easy access to talent. It helps put a positive word out there in different social networks.

External recruitment

External recruitment refers to sourcing employees from outside the company in several different ways. Let us look at numerous external recruitment types and their distinctions.

Recruitment platforms

Recruitment platforms are one of the most prominent types of external recruitment types used by enterprises and startups. There are several recruitment platforms and job boards, such as LinkedIn, Indeed, Glassdoor, etc., to source the desired candidates and onboard them into their setup.

These platforms provide a diverse array of professionals in various roles and offer a robust structure for companies to network and find the right candidates. It is critical to have an organized and well-defined hiring funnel to find the most skilled and suitable candidates from these platforms.

Advertisements

Advertisements are another major source of external recruitment types for companies. The advertisement campaigns enable companies to create targeted messaging regarding their vacancies and increase the visibility of their job requirements.

There are different modes of advertisements including electronic & print media, digital platforms, billboards, TV, and radio, among others.

While there are more efficient forms of recruitment, it helps target a considerably larger demographic. Companies usually choose advertisements as a source of hiring when they need to source or vet a larger pool of potential candidates for the required roles.

Campus hiring

Campus hiring is a collaborative external recruitment process where colleges and universities join hands with companies to offer them a chance to hire their students. It helps companies find suitable candidates from prospective students who have just graduated or are about to graduate from their respective universities.

Campus hiring is an effective method of getting access to the brightest minds and most talented candidates who can fill the relevant vacancies. Companies usually choose campus hiring when they need freshers for their job requirements and train them for their respective roles.

Recruitment agencies & talent cloud platforms

Recruitment agencies are specialized entities that are experts in finding the right fits and profiles based on the custom requirements of companies.

These agencies have a large pool of candidates in their database who are actively looking for jobs. They facilitate online recruitment through sourcing, vetting, and matching between companies and candidates.

Many of these platforms, including Turing, offer AI-powered talent cloud solutions to businesses and enterprises looking to hire efficient candidates quickly. This process is more efficient, faster, and reliable than traditional recruitment methods.

Companies usually choose recruitment agencies and talent cloud platforms when they need to hire high-quality candidates quickly for their critical projects.

Open houses and job fairs

Open houses, job fairs, and HR events are among the most specialized recruitment processes where numerous companies are invited to hire from a group of potential candidates.

These events attract candidates from a diverse range of disciplines and verticals. It allows companies to target the specific pool of candidates or developers that suit their requirements.

These events are an excellent way of sourcing the best talents who can start working quickly. The specialized recruitment events not only help candidates and companies find the right match but also enable them to network and build professional relationships. Hence, they are one of the most popular forms of recruitment in the HR industry.

Which recruitment method is the best fit for you?

As we have seen, there are numerous options and recruitment types to onboard ideal candidates for your requirements. However, choosing the best recruitment option is crucial based on what suits your company’s needs.

For instance, if you need top talent recruitment for high-quality developers to work on your mission-critical projects, you must go with dedicated hiring platforms to help you scale up quickly and get started instantly.

Alternatively, hiring from campuses or job fairs is a good option if you want freshers. If you want to use your own hiring funnel to choose from an extensive list of candidates, then using the services of recruitment platforms or running advertisements is the way to go. After all, it all depends on your custom requirements and preferences.

Best practices for good quality hiring

The quality of hire impacts the overall productivity and performance of any business. Hence, ensuring that you have the proper systems and procedures to provide an efficient recruitment process. Some of the best practices that you must follow for effective recruitment are as follows:

• Do comprehensive research and document your requirements
• Develop and establish a consistent recruitment strategy suited to your needs
• Build a structured, well-defined, and robust hiring funnel
• Elevate your brand through a long-term strategy
• Diversify your recruitment process based on evolving requirements
• Create a smooth onboarding process for the seamless integration of candidates

Following these practices will ensure a more streamlined hiring process that helps you find suitable candidates and scale your operations smoothly.

How can Turing help you find the right candidates?

Turing has built a sophisticated platform - Intelligent Talent Cloud - that offers companies the most deeply vetted developers and teams matched by AI. Our planetary reach and global network give enterprises access to 2M+ (50k vetted and available now) developers worldwide. The companies can choose from developers proficient in 100+ skills across different roles and seniority levels to find their perfect match.

When you hire through Turing, you get speed (most companies get matched within four days), access to the most rigorously pre-vetted developers, and high retention rates. If you need developers in bulk, Turing offers Teams to help companies accelerate their growth at scale.

Join hundreds of companies and fast-scaling startups that are building on Turing. Sign up and start your 14-day risk-free trial period now.

Wrapping up

As we have seen, there are two fundamental recruitment types for companies to fill their vacant roles: Internal and External. These recruitment types have diverse options, each with its advantages and flaws.

Identifying your hiring requirements, such as time, budget, hiring quality, etc., is critical before deciding to go with any specific recruitment type or platform. It is also vital to follow the best hiring practices to ensure an efficient recruitment process. If you need deeply-vetted developers quickly, you can always trust Turing to offer the best candidates.