As companies aim to streamline their recruitment processes, they are constantly seeking new ways to improve their efficiency and effectiveness. Embedded recruitment and embedded sourcing are two methods that have emerged as potential solutions to this challenge.
These approaches involve embedding recruitment or sourcing specialists directly into a company’s internal teams, rather than relying on traditional external agencies.
Let us understand the concept.
What is embedded recruitment?
Embedded recruitment is a model of recruitment where a third-party recruitment agency works closely with an organization to manage its recruitment process. The agency’s recruitment experts are embedded within the organization, working alongside HR and hiring managers to source, screen, and select candidates for open positions.
The agency’s recruitment experts may be physically located within the organization or work remotely. Regardless of their location, they are an extension of the organization’s internal recruitment team.
What is embedded sourcing?
Embedded sourcing is a model of sourcing where a third-party agency works closely with an organization to identify and attract top talent for open positions. The agency’s sourcing experts are embedded within the organization, working alongside recruiters and hiring managers to identify candidates who match the organization’s needs.
The agency’s sourcing experts may use a variety of sourcing methods, including job boards, social media, and professional networking sites, to identify potential active and passive candidates.
They then work with the organization’s internal recruitment team to reach out to these candidates and persuade them to apply for open positions.
What are the benefits of embedded recruitment and sourcing?
- COST SAVING
One of the key benefits of embedded recruitment and embedded sourcing is the cost savings that they can offer.
According to research conducted by the Corporate Executive Board, companies that use embedded recruitment can save up to 30% on recruitment costs compared to traditional agency-based recruitment. This is because internal recruitment specialists are able to negotiate more effectively with candidates and do not need to pay agency fees.
Embedded sourcing too leads to significant cost savings.
According to a study by the Aberdeen Group, companies that use embedded sourcing can reduce their cost-per-hire by up to 50%. This is because internal sourcing specialists are able to identify and engage with potential candidates more efficiently than external agencies, as they have more clarity on company culture and requirements.
- TIME SAVING
In addition to the cost-saving benefits, embedded recruitment, and embedded sourcing can also save companies time.
According to a study by SHRM, the average time-to-fill for a vacancy is around 42 days.
However, companies that use embedded recruitment can reduce this time by up to 50%, while those that use embedded sourcing can reduce it by up to 40%. This is because internal recruitment and sourcing specialists are able to work more closely with hiring managers, understand their specific requirements, and identify suitable candidates more quickly.
Conclusion
The resource reduction in recruitment is not just about time and cost. The essence is to keep your search, outreach, and qualifying process optimized, so you can spend more time on interviews and screening to find the best-fit candidates for your startup.