German Businesses Spend 15.8 Billion Euros on Recruitment in 2021
Companies worldwide rely on recruitment to maintain a skilled workforce, with German businesses alone spending over 15.8 billion euros on external recruitment in 2021. This process, managed by human resources, ensures companies have the right personnel to meet their objectives.
The recruitment process begins by identifying skill gaps within the company. Once these are pinpointed, the human resources department writes detailed job specifications and advertises the vacancies. Early screening helps narrow down the pool of applicants. The selection process involves tests and interviews to assess candidates' suitability. Negotiations may follow for successful applicants.
Recruitment can be internal, drawing from existing employees, or external, seeking candidates from outside the organization. In Germany, external recruitment spending has surged by 70% over the past decade, reflecting its importance in maintaining a productive workforce.
Effective recruitment is crucial for companies to maintain productivity, address skill gaps, and expand diversity. By investing in recruitment, companies can ensure they have the right personnel to support their objectives, as seen in the significant increase in external recruitment spending in Germany.
