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Understanding Full Life Cycle Recruiting & How it can Benefit your Business

7 Minute Read
what is full cycle recruiting

Full life cycle recruiting is an approach to recruitment that covers all aspects of the process, from the moment the need for a new employee arises to onboarding. It includes all the steps involved during the recruitment and onboarding process. There are 6 main phases involved in this end-to-end process, including preparation, sourcing, screening, selection, hiring, and onboarding. Find out what full-cycle recruiting stands for, what are its benefits, the best practices, and who uses it.

Who Uses Full Life Cycle Recruiting?

There are different scenarios in which full life cycle recruiting takes place. You will be using it if you are in the following situations:

If your business has an internal HR resource but lacks the capacity to fulfil high volume recruitment requests can seek the services of recruitment agencies that can run full life cycle recruiting for you. It is, usually, far better to let the agency manage the full cycle instead of outsourcing some parts of the function and keeping the rest in-house.

Phases of Full Cycle Recruiting

Full cycle recruitment comprises of 6 stages. These different phases and what is involved in them are as follows:

Preparation

There should be a job requisition to be able to post a vacancy. It is usually the hiring manager who intimates the need for new people in a team. The job requisition addresses the following information:

  • The need for the hire
  • Key requirements
  • Budgetary limitations

It will be required to get approval from the appropriate authority before a job description can be made. As part of the job description, the following information will be required regarding the ideal candidate:

  • Job requirements
  • Job duties
  • Qualities expected in the ideal candidate

Sourcing Candidates

Once the job description has been created, offshore recruitment services will work on sourcing candidates. They can source candidates from different places, including the following:

  • Finding candidates internally. This can mean employees who are currently in other positions within your organization or people from the previous talent pool.
  • Finding candidates externally on career sites, social media, or other websites.
  • Finding candidates externally through employee referrals.
  • Attracting candidates to your organization based on your strong brand.

A specialized recruitment agency like QX RPO Solutions can streamline the entire process. You may not have a full-fledged HR team to implement full life cycle recruitment, or your team may be too occupied to manage full-cycle recruitment.

Screening Candidates

Once applications have been received from potential candidates, it is required to screen their profiles and prequalify them.

  • This includes the preliminary examination of resumes when they are checked manually
  • The recruiter will pay attention to the experience and qualifications, and if the candidate meets basic requirements
  • Once candidates have been shortlisted
  • A telephonic informational interview is conducted

Those who get through the telephone interview are invited for a face to face interview

Selection

The recruiter can use a wide range of selections methods, especially based on the hiring needs. This can include:

  • Auditions
  • Psychological tests
  • Custom written assignments

Interviews are the most commonly used selection methods. This phase can also include background and reference checks on the candidates.

Hiring

There are two main processes during this phase of full-cycle recruiting:

  • Making the job offer
  • Negotiating

When the ideal candidate has been found, the next step is to notify them. The ideal strategy is to notify them over the phone and then follow it up by sending an official job offer letter. The offshore recruitment service providers will ensure that the job offer is well-structured and covers everything, including the following:

  • Details of compensation and benefits
  • Duration of contract
  • Working hours
  • Start date for employment

When a candidate doesn’t accept the job offer immediately, the recruiter may have to enter into further negotiations with them. This is a delicate phase in the full life cycle recruiting process and must be handled only by experts with years of experience. It requires special attention and care to come to a mutual agreement.

Onboarding

A lot of time, effort, and resources are spent on finding and hiring the right candidate. So it is important to onboard them in a seamless manner.

  • A high-quality onboarding experience increases the chances of employees staying a company
  • Successful onboarding equips them with all the tools required for them to do their job

What are the Advantages of Adopting Full Life Cycle Recruiting?

There are many ways in which your organization can benefit from adopting full-cycle recruitment with the help of a reputed agency like QX RPO Solutions. Some of the main reasons you cannot ignore its importance are as follows:

i. Greater Accountability

Traditionally, the recruitment process has been multi-staged and time-consuming.  Different people within a company handle different sections of the recruitment and hiring process, thus creating confusion. When you outsource some sections of the process, it can further create communication gaps between internal and external recruiting people.

Your company can benefit from full life cycle recruiting, as it puts a single point of contact in charge of the complete recruitment process from beginning to onboarding. This means that there is no more confusion about who is responsible for which part of the process. This also prevents the need for different people to wait for each other’s progress. This approach also helps in following a single and clear strategy through all the steps.

ii. Quicker Time-To-Fill

The right offshore recruitment services following a full-cycle requirement can help in achieving faster and better results. Studies show that it costs tens of thousands to a company when a single position is left unfilled. So when the time-to-fill gets reduced for multiple vacancies, it helps your company save a lot over the course of time.

One of the advantages of full-cycle recruiting is that it increases the visibility of your job postings. This helps in getting applications from more candidates. Besides, more compelling job ads and targeted job descriptions can further help you get more focused profiles matching the description. The result is reduced time-to-fill and increased cost-savings.

iii. Streamlining the Hiring Process

Your full-cycle offshore recruitment services will have more control over the entire process. This helps in creating and implementing a streamlined strategy. Recruiters are able to achieve recruiting success because they are in charge of each step of the process.

It also allows the recruiter to progress at their own pace as they keep filling each role. Greater level of flexibility further helps in increasing the speed of the hires. Besides, it also improves the quality of the hires.

iv. Improved Quality of Hire

Time to fill is an important recruitment parameter. Quality of hire is an even more important parameter. In fact, it is the most important one. Ask any recruitment manager and they will agree on how big a challenge it is to find qualified and matching candidates for positions.

With full life cycle recruiting, a single vendor is responsible for the entire process. This enables a more comprehensive and personalized process that results in finding qualified candidates. The result is improved quality of hire, which further fuels greater growth for the company.

v. Increases Chances of Business Success

When you adopt full-cycle recruiting, it helps in revamping and improving your recruiting strategy. It reduces time to full, enhances the quality of hire, streamlines the hiring process, and places accountability on a single player. The result translates into successful and efficient recruitment.

When talent acquisition becomes much more efficient and effective, it contributes to your business’ growth. Besides, this also places your company in a position to compete better.

vi. Improving Candidate Experience

Candidate experience is generally not paid as much attention as it deserves. The best full cycle offshore recruitment services consider it to be a priority in the entire process. Better candidate experience will help in making the recruitment process simpler and improve your organization’s branding. It can also contribute to potential business growth.

Full life cycle recruitment allows the job seeker to stay in touch with a single point of contact through the entire recruiting and hiring process. It is well known that communication is a big detractor of candidate experience in the traditional approach. Most candidates never hear from their recruiter. When you adopt the full-cycle model,  you are able to address this issue and improve your candidates’ experience.

Full-Cycle Recruiting Best Practices

In the current business environment where technology is evolving at a fast pace, and unemployment rates are low, recruitment practices must be unique and innovative to find and hire the best talent.

When embracing full-cycle recruiting, it is recommended to follow the best practices. This will help you get the most out of each stage of the process. In fact, you should evaluate the agency based on these practices before hiring their services:

A Proactive Approach

Ideal recruiters will not wait for an opening to present itself. They keep checking the talent pool to find candidates who can fill up future positions in your organization. Studies show that the best talent is not available for more than 10 days in the jobs market. When you have a list of candidates, both active and passive, within your recruitment pipeline it will be significantly helpful when you need to fill an open position.

Technology-Conscious Approach

There are many HR-based technology solutions that can add more value to the recruitment, onboarding and training process. Most importantly, it would help if you considered the integration of the Cloud in the entire process.

Considering Employee Needs

It is important to keep employee needs in mind during the recruitment process. What matters to today’s employees is much different than what mattered to them years or decades ago. The right offshore recruitment services will take all the key factors into account and use them to promote your employer brand to the talent pool. Do you know that most candidates will prefer a job where they experience a better personal connection with the interviewer during the interview? Today’s employee gives a lot of importance to an employer that listens to them.

Conclusion

Recruitment has always been a complicated process. Filling just a single open position in your company can cost you tens of thousands. It is imperative that you must deliver an excellent candidate experience to increase the chances of attracting and retaining the best talent. Adopting full life cycle recruiting can make the process much simpler, faster, and cost-effective for your organization.

Full-cycle recruitment addresses all the key steps in the recruiting and hiring process and ensures that your new employee completes the onboarding process in a seamless manner. It adds greater value to your organization, by not only attracting the best talent but also in retaining it for the long-term. The right offshore recruitment services that follow this approach can also contribute to your company’s growth and success.





WRITTEN BY
Alok Kumar   |   Content Marketing Manager

Recruitment Process Enthusiast | Content Marketing | Recruitment Advertising | Social Media Marketing | LinkedIn Marketing | Marketing Communication | Twitter Marketing



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