Opinion: Cost-effective recruitment strategies

I have always believed that cost-effective, high-quality recruitment and retention requires a good strategy (vision plus plan of action) and combination of time, creativity and courage. Time is the key dimension that impacts on cost. The more time you can spend on it yourself, the lower the cost in terms of money. But time is, of course, a cost in itself so a judicious balancing of money and time will deliver the most cost effective approach. Creativity and imagination is the best way to save costs – how to track down a source of candidates that your competitors have over looked, or put together an employment prospect that nobody else has offered.