Any successful business is a result of their employee’s hard work. However, finding and retaining talented personnel can be pretty challenging. Numerous companies are offering a significant amount of incentives and a competitive salary package, which makes it difficult for companies to find good employees. Moreover, the cost of replacing an employee costs an average of six to nine months salary. Therefore, it becomes even more imperative that employee turnover is decreased by ensuring that the people you hire are perfect for the job. You can do this by having an effective recruitment plan in place.
A recruitment process is done by managers, recruiters, or the human resource management (HRM) department. It involves finding a candidate that fits all the requirements for the job opening. By strategically planning your company’s hiring process, you’ll be able to ensure that the process is as efficient as possible without spending much of the organization’s capital. In addition, the process should be optimized to ensure each staff member is provided with the resources to carry on the process without any difficulty or delay. Here’s a simple guide to help speed your recruitment process and ensure you hire the right people.
Identify Your Hiring Needs
The first thing you need to consider in your hiring process is the requirements for the job opening. Whether it’s a newly-formed position or one that was just vacated, you need to identify each specific requirement, including the candidate’s knowledge, skills, experience, and even personality. A precise job specification needs to be designed to attract potential employees that are suitable for the job. This job description should contain an outline detailing the specific qualities required from the ideal candidate.
Recruitment Marketing
Recruitment might seem like a pretty simple procedure. However, you’ll have to make efforts to attract talented personnel to your company. Gone are the days when candidates would run after companies; because of the high demand for talent, people prefer to go into companies that fit them best and usually avoid organizations that don’t seem promising. By applying marketing strategies to your recruitment process and creating a marketing mindset for HR, you’ll be able to reach out to a much bigger audience. In addition, you will be able to attract much better candidates by raising brand awareness. Recruitment marketing should include creating engaging career pages and attractive job descriptions that not only promise your potential employees a good salary package but also career growth.
Ask For Referrals
A great way to cut costs and make your recruitment process faster is to develop an employee referral program. This will make your current employees feel involved and increase your chances of getting better, more professional candidates for the job opening. Companies that use employee referrals for hiring have a ten times larger talent pool they can recruit from. Your employee retention will also be significantly improved.
Maximize Automation
With the increasing need for efficiency in every process, automation has become the best solution to speed things up. Not only does this option assist in day-to-day repetitive tasks but it also reduces the chances of errors. This increases process effectiveness and also reduces your employees’ workload. By using an applicant tracking system, your job listings will be posted automatically, and you’ll be able to track the number of applicants for a particular job. The intelligent system goes as far as to filter the resumes to find the best ones. By saving time here, you’ll be able to spend more time interviewing the candidates.
Take Multiple Interviews
The interviewing process is an essential part of a hiring process and needs to be dealt with efficiently. It’s generally a good idea to take multiple interviews to shortlist your candidates further. The first interview should be through call or video chat, followed by a face-to-face interview. Moreover, you can also take several interviews, each of which should be overseen by different employees to help you judge the candidate’s abilities. Top management should conduct final interviews to decide on the hiring or rejection of the shortlisted candidates.
The recruitment process is a step-by-step process that needs proper focus and time to ensure that you select and hire suitable people for your company. There are many ways this process can be optimized; you can choose the ones that suit your company’s needs the most. Employees are the backbone of a business; without talented and hardworking employees, a business is bound to fail. It is therefore essential to pay extra attention to the hiring process and ensure maximum employee retention.