Volume hiring is a common practice among companies looking to fill a large number of positions in a short period of time. Whether it is to accommodate growth, seasonal fluctuations, or a new project, the need for volume hiring is prevalent in all industries. However, many organizations are not fully aware of the benefits that come with volume hiring, or how to implement a successful volume hiring strategy.
In this blog post, we will explore how volume hiring is different from bulk hiring, and outline the benefits and best practices for successful volume hiring.
What is Volume Hiring?
Volume hiring is the process of filling a high number of job openings in a short period of time. This type of hiring is typically required when organizations need to quickly ramp up their workforce in order to meet increased demand, launch new projects, or fill seasonal fluctuations. The goal of volume hiring is to fill positions quickly, efficiently, and cost-effectively.
Difference between Bulk Hiring and Volume Hiring
Bulk hiring and volume hiring are often used interchangeably, but they are not the same thing. Bulk hiring refers to filling a large number of positions with the same job type or category, while volume hiring refers to filling a high number of positions across various job categories.
For example, bulk hiring would be required when an organization needs to fill 100 customer service positions, while volume hiring would be required when an organization needs to fill 100 customer service positions, 50 sales positions, and 25 marketing positions.
Another key difference between bulk and volume hiring is the time frame. Bulk hiring usually involves filling positions over a longer period of time, while volume hiring requires filling positions in a shorter period. Additionally, bulk hiring is often done in response to company growth, while volume hiring is more often done to accommodate a specific project or seasonal fluctuations.
How does Volume Hiring Help?
Volume hiring offers a number of benefits to organizations, including:
Time Efficiency
Volume hiring allows organizations to fill a large number of positions in a short period of time, which can help to meet tight deadlines and avoid delays in projects.
Cost Savings
Volume hiring enables organizations to negotiate better rates with recruiters and staffing agencies, as well as reduce the cost of individual job postings.
Improved Talent Quality
By having a large pool of applicants to choose from, organizations can select the best candidates for each position, improving overall talent quality.
Increased Employee Retention
By hiring a large number of employees at once, organizations can create a sense of community and belonging among new hires, which can lead to higher employee retention rates.
Improved Recruitment Process
Volume hiring can help organizations streamline their recruitment processes by reducing the time and resources required to fill each individual position.
Formulating the Right Volume Hiring Strategy: Best Practices
In order to successfully implement a volume hiring strategy, organizations must follow these best practices:
Define your company’s hiring needs
Identify the number of employees you need to hire, their skills, and the timeline for their start.
Set clear goals and objectives
Establish what you want to achieve with your hiring strategy, such as reducing turnover, improving employee retention, or increasing productivity.
Consider your budget
Determine how much money you can allocate to your hiring efforts, and consider your cost-per-hire and time-to-hire goals.
Use a combination of recruiting methods
Utilize a mix of traditional and modern recruitment methods, such as job boards, employee referrals, and social media.
Develop a strong employer brand
Highlight your company’s unique culture, values, and benefits to attract top talent.
Streamline the application process
Make it easy for candidates to apply, and quickly respond to their inquiries.
Be intentional about diversity and inclusion
Ensure that your hiring strategy is inclusive and free from discrimination, and consider ways to increase diversity in your workforce.
Use data and metrics
Track key metrics such as time-to-hire, cost-per-hire, and candidate satisfaction to continually improve your hiring strategy.
Foster a positive candidate experience
Make sure that your candidates feel valued and respected throughout the hiring process.
Continuously evaluate and adjust your strategy
Regularly assess your hiring efforts, gather feedback from candidates and employees, and make changes as needed to improve your process and outcomes.
Conclusion
Volume hiring is a crucial component of the recruitment arsenals of many firms. If done correctly, it can be a stunningly effective method of locating and employing sizable groups of people who will significantly impact the future of your business. Your high-volume recruitment strategy and process will remain appropriate in the ever-changing world of recruitment by combining HR experience with the appropriate technology assessment platform.
About COGBEE
COGBEE is an AI-enabled smart and collaborative candidate screening and interviewing platform. Its intelligent screening mechanism enables talent acquisition teams to comprehensively craft the assessment part of the recruiting process.
