What does a low-cost recruitment strategy often rely on?

A low-cost recruitment strategy typically relies on referral programs for several reasons. Referral programs leverage existing employees to recommend candidates from their networks, which usually results in a cost-effective method of attracting talent. This approach often involves minimal advertising expenditures since the recruitment process is largely driven by the recommendations of current employees, who are likely to refer individuals they believe are a good fit for the company's culture and needs.

Additionally, referral programs can lead to higher-quality hires, as candidates referred by employees often have a better understanding of the company and its expectations. This method also tends to improve retention rates since referred candidates may be more aligned with the organization's values.

In contrast, options such as extensive advertising, executive recruitment services, and market analysis typically require more significant investments in terms of time and resources, which does not align with a low-cost strategy.