Referral programs through current employees are the most effective and economical way for Mr. Agrawal to recruit new sales people in the short term. While incentive-based referrals may increase costs, they encourage more referrals and faster hiring. Referrals also require minimal effort from Mr. Agrawal. Hiring a recruitment consultant guarantees quick decisions but past experiences show a high attrition rate, and it is not the most affordable option long-term. Newspaper advertisements present challenges of low fit and attrition while lengthening the hiring process and only providing a sunk cost.
Referral programs through current employees are the most effective and economical way for Mr. Agrawal to recruit new sales people in the short term. While incentive-based referrals may increase costs, they encourage more referrals and faster hiring. Referrals also require minimal effort from Mr. Agrawal. Hiring a recruitment consultant guarantees quick decisions but past experiences show a high attrition rate, and it is not the most affordable option long-term. Newspaper advertisements present challenges of low fit and attrition while lengthening the hiring process and only providing a sunk cost.
Referral programs through current employees are the most effective and economical way for Mr. Agrawal to recruit new sales people in the short term. While incentive-based referrals may increase costs, they encourage more referrals and faster hiring. Referrals also require minimal effort from Mr. Agrawal. Hiring a recruitment consultant guarantees quick decisions but past experiences show a high attrition rate, and it is not the most affordable option long-term. Newspaper advertisements present challenges of low fit and attrition while lengthening the hiring process and only providing a sunk cost.
The most economical and effective method is to obtain
referrals through current employees. Although an Referral programs are the most Referral incentive-based referral program may increase costs, it effective plan to implement in the short also encourages more referrals and speeds up the hiring term because they are the quickest, process. most affordable, and require the least amount of Mr. Agarwal's effort. One of its main benefits is that the business might not need to go through a drawn-out hiring process Option Although this option guarantees quick decision-making However, the organization should Evaluation Recruitment Consultant and ease of implementation, past experiences show a high likelihood of attrition, but using an external agency may create a proper section mechanism in the long run Fit and low attrition not be the most economical option and won't help the Time business build its own internal capabilities. Cost
Low attrition will be a challenge along with recruiting the
Newspaper right fit. The cost of advertising is now a sunk cost and it Advertisement may help in building internal recruitment capabilities. In addition, it may also lengthen the entire process.