Passive recruiting refers to a method of talent acquisition in which a company focuses on attracting potential candidates who are not actively looking for a job but may be interested in considering new opportunities.
72% of U.S. employers struggle to find skilled workers. 68% of recruiters agree that investing in new recruiting technology is the best way to improve recruiting performance over the next five years and 70% of professionals now say virtual recruiting will become the new standard.
75% of potential candidates are passive job seekers who are currently employed and open to hearing about new job opportunities. 60% of candidates will quit while applying for a job online due to a lengthy or overly complex application.
The average job vacancy costs a company $98 per day while it takes an average of 42 days to fill a position. Utilizing an outside company to deliver your specialized professionals can reduce hiring costs by up to 30% while internal human resources teams can increase a firm’s hiring costs by 50% or more.
Passive recruiting has traditionally been a more…passive process. Technological advancements and the availability of more sophisticated tools have made the workflow more active than ever. AI-powered software can now analyze social media data and predict passive candidate behavior. This modern approach unlocks top-tier talent inaccessible via traditional recruitment methods.
Passive recruiting broadens the scope of the hiring process, providing more opportunities and benefits for talent. Candidates get more exposure to job opportunities that fit their proven skills and experience. The competition for passive job openings is less than that of a publicly posted role, which makes the hiring process far more efficient.
Companies can tap into a wider pool of highly-skilled professionals who are not necessarily looking for a new job but would be interested in exploring new opportunities if presented with the right offer. This approach helps companies identify and attract highly qualified talent not visible on traditional job boards or recruitment channels. Engaging with passive candidates creates a more diverse and talented workforce, which boosts a company's performance and competitiveness.
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