Full cycle recruiting is the process of managing the recruitment process from end to end. It is often described as the largest paradigm shift to hit the talent acquisition industry in years, and it seems that the hype is growing every week.
Do you want to know what full cycle recruiting is all about? Well, you’re in luck! In this post, we’ll take you through what full-cycle recruiting means, why it’s important, and guide you through the 6 different stages involved.
- What is full cycle recruiting?
- Why is full cycle recruiting important?
- The 6 stages of full cycle recruiting:
- Identifying the talent gap
What is full cycle recruiting?
Full cycle recruiting refers to managing the entire recruitment process from beginning to end. It’s also known as life cycle recruitment or end to end recruitment. It’s a recruitment method where one recruiter is involved and able to complete every step of the process.
Full life cycle recruiting consists of several stages, laid out in the diagram below, starting with the need for a new employee and ending with onboarding.
Each of the 6 main full cycle recruiting stages requires different processes. We explain each stage in further detail below.
Why is full cycle recruiting important?
Recruiters are well aware of the long and costly process that comes with hiring. Vacancies are guaranteed to eat up time and resources and the cost of a failed hire can be between 6-9 months of salary . What’s required is a well-oiled hiring process – from start to finish. Full-cycle recruiting begins with recognising the need for talent and ends with getting the right talent on board and being productive.
An employee’s experience with an organisation starts the moment the job advert catches their eye. Organisations are vying for the best talent in an environment of continuous digital competition. It’s essential to fine-tune every phase of your recruitment process in order to effectively compete for the best talent.
A full cycle recruiting approach aims to improve efficiencies in the recruitment process. It will help decrease your time-to-hire and cost-per-hire, as well as ensuring your overall recruitment process is more effective.
6 stages of full cycle recruiting
1. Identifying the talent gap
Successful talent acquisition begins with identifying where it’s lacking. This then enables a clear definition of the ideal candidate based upon business needs.
Whether it’s a result of a departure of an existing role, or the creation of a new position, hiring managers need to be clear on what they’re looking for.
What capabilities are needed? What type of person and cultural fit is required? What level of commitment does the manager expect?
Once the ideal candidate has been defined, you can proceed with drafting a job description, based on the strategic business needs of the organisation. Write a clear and accurate explanation of the job responsibilities, whilst also including information about salary, benefits and company values is essential.
Recruiters have the difficult task of operating in a candidate-driven market that is vast and global. Although there are obvious benefits to having access to such a diverse candidate pool, sometimes it can feel like searching for a needle in a haystack when searching for the ideal candidate.
This stage involves tapping into the right areas; sourcing both active candidates – those actively seeking a job and passive candidates – those who are not actively looking for jobs but may be interested in your new role.
How you reach out to candidates is vital and it depends on the situation. It might be through posting a description on a job board, advertising internally, or utilising social platforms. Recruiters need to think about how to engage with talent on platforms they wish to be engaged on. A Talent CRM can help by enabling hiring teams to organize data, save time on manual tasks and provide rememberable candidate experience.
This stage of life cycle recruiting refers to screening prospective candidates by reviewing their CV, skills, experiences and other qualifying data.
Having access to a wide pool of talent to source from, screening strategies need to be scoped effectively. Don’t be reluctant to go for a large sourcing pool; if your screening process is effective it can be leveraged to find the best-fit person regardless.
The most predictive candidate screening methods are realistic, work simulation assessments, however, these are only typically best utilised when high volume hiring. Most companies also combine pre-hire assessment tools with phone screening questions before meeting in-person.
Once you’ve screened your applicants and found the most suitable ones, you can invite them to attend an interview.
Selecting the ideal candidate for the job is arguably the most fundamental part of the full life cycle recruitment process. Selecting involves evaluating shortlisted candidates usually via face to face or virtual interview after the screening stage.
The idea here is to establish whether the candidate doesn’t just tick off the skills requirements, but also fits into all aspects of the role and has the right cultural fit for the organisation.
The all important hire. This full cycle recruitment stage consists of two central activities: the job offer and resultant negotiations.
Once you’ve decided on the successful candidate, it’s time to offer them the job. How this is done is important. According to LinkedIn, 77% of candidates prefer receiving the news over the phone .
Once that phone call is over, you’ll need to send a formal job offer letter. This clarifies all hiring terms, including precise information on compensation and benefits, working hours and contract length.
If the offer is questioned, negotiations might entail. This is a delicate stage of the process and must be handled with consideration. Finding the right balance here between the needs of the candidate and those of the organization is important.
The final stage of full cycle recruitment. Keeping the right talent at your organisation involves making any new employee feel welcome. New employees should walk into an organization that is prepared for them.
Onboarding can take time and commitment. But, if you want a successful finish to the full cycle recruitment process, new staff should feel welcomed by their new co-workers, and fit in with the company culture.
Relaxing at this step and thinking the hiring process is finished spells danger and can result in new hire attrition; new employees not staying the course.
A full cycle approach will take your recruitment process to the next level, giving you the oversight to provide effective hiring results time and time again.
The recruitment cycle is a process, built upon individual stages that come together to form a whole. Successful recruitment doesn’t stop at selecting your ideal candidate, it’s critical to build upon what has come before and ensure strategies are in place to secure the future success of new hires.
The Talent Acquisition department is undoubtedly incredibly important to any company, but none the less often serves as a supporting function to the core business.
And as you are probably well aware, this means that recruiters and other HR-functions are often put under immense pressure to make ends meet and to perform with very limited resources.
Full cycle recruitment has the potential to make life easier for most recruiters and HR departments, but finding time for implementation and disrupting processes is for many HR professionals can be difficult.
Oh and if you’re looking for award-winning, but affordable full-cycle recruitment software, check out TalentLyft! TalentLyft is the world’s most complete recruitment software. It offers all the features you need to find, attract, engage and hire top candidates. Highly recommended!