Social
media has become an essential and powerful recruiting tool available for HR
managers and also changed the recruitment process by bringing relationships to
the forefront. There is great value in leveraging this tool just because of its
natural potential to multiply connections, build viral networks and reach
talent faster. The use of social media as a recruitment tool has taken off in
recent years with a number of high-profile companies like Accenture, Infosys,
Burger King, Reckitt Benckiser, SABMiller, etc. using it to recruit talent for
their companies. According to Suzy Style, Accenture's
UK recruitment director, the professional services company turned to social
media including Facebook, LinkedIn and Twitter to adopt a more aggressive
recruitment strategy to find talent. "There is a global war for talent and
we believe that to [gain an advantage companies need to] develop long-term
relationships with candidates. Social networking sites are one of the key
enablers in achieving this," Style says. The popularity of social networks among graduates is one
of the reasons the company started to test social media in the recruitment
process.
"We're
advertising all our roles through social networking and particularly in
experienced-hire recruiting on sites such as LinkedIn and what we're finding is
[LinkedIn] particularly plays to the strengths of some groups,"
Accenture's Style says. "We're actively involved with some groups - SAP
professionals for example - and we're seeing an increasing number of people
using it as part of their strategy to find jobs." This highlights the fact
that Social Media also plays a crucial role in recruiting experienced hires
too. But it's not just the big names using social sites to access a new talent
pool. According to LinkedIn, smaller companies are using the professional
networking site's tools to recruit new talent, along with more than 25 per cent
of the FTSE 100 in the UK and 50 per cent of the Fortune 100 in the US.
"In terms of company size, we have everything from companies with £100bn
valuations to agencies and clients that have two or three people," says
Ariel Eckstein, LinkedIn's MD of hiring solutions Europe.
According to John
Campagnino, senior director of recruiting at Accenture, they are saving over
$100,000 for a senior hire by using social media. He estimates that Accenture
will make 40% of its hires in the next few years using social media. When recruiting
through Social Media platforms HR managers have to know what tools to use for
recruiting what type of talent. Social Media sites like Facebook, Twitter, LinkedIn and blogs are
all separate tools that may warrant different approaches. Accenture's Style
says: "You might find that a graduate is more likely to be using Facebook
for example and an experienced hire might be more likely to be using LinkedIn,
so it's ensuring that you look at the channels for the best way to reach the
people that you need."
Accenture
has an employee referral program that is the management consulting company's
primary source for talent. "[The] program allows employees to search for
open jobs around the world and share them with their network through LinkedIn,
Facebook and Twitter," says Accenture's global head of sourcing, Sjoerd
Gehring."Employees can track the status of their referral through their personalized
employee referral site. Through integrated communication campaigns we've been
able to significantly drive up the volume and quality of employee
referrals." Accenture people play an important role in our recruitment
efforts because our employees know Accenture well and can . . . help find the
right person for the right role. Employee referrals are also a cost-effective
way to fuel growth."
In
the past 3-4 years, Social Media recruiting has gained prominence and HR
Managers are using social media sites for both checking the prospective
employee backgrounds and also using the data provided on sites like LinkedIn in
their recruitment process. The second aspect of social media recruitment is the
distribution of information relating to job openings and requirements through 2nd
degree network referral effect like Facebook’s “Like” and “Share” buttons,
Twitter’s “ReTweets” and LinkedIn’s that allow rapid spreading of content (i.e.
jobs and candidate referrals) to second and third degree networks, that
also pushes message out to a much larger and more qualified audience. Another
big advantage is the low cost factor as most of the social media sites are free
to sign up and also charge lesser amounts of sign up fees which will definitely
help the companies to save money on recruitment processes. But the fact remains
that social media recruitment is a good option but companies still have to rely
on traditional sources of recruitment for majority of their recruitment and for
best results they should maintain a best mix of both the types of recruitment.
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