Recruiting new staff for a business can prove a trying task, not to mention an expensive one. Finding, interviewing and hiring staff can waste a significant amount of time— taking away from the productivity of those involved. It can also involve large costs, particularly when training expenses are added to the equation.
In the interest of helping companies cut costs, and reduce hiring times, we have devised a simple guide. The information featured below was compiled in the interest of helping businesses maximize their efficiency, particularly in regards to hiring.
Ask Existing Employees
One of the easiest ways to reduce time and money spent on recruitment is to ask for employee referrals. This could include a small incentive for employees, that wouldn’t begin to compare to the costs involved without their help, and is therefore a viable option nonetheless.
Referrals are an excellent way to find reliable candidates because current employees would not recommend people that they feel could jeopardize their reputation. Therefore, most existing staff will refer high-caliber friends or family members who are genuine candidates for the job.
Statistically, employees who were referred to a job have the tendency to perform better and last longer than those who apply independently, mostly because they have a commonality with the company before they begin— helping to create a more comfortable atmosphere for all involved.
Take Advantage of the Internet
The internet is an excellent option for companies looking to reduce the amount of time and money involved in the hiring process. Posting jobs through social media sites, such as LinkedIn or Facebook pages is free and quick to do. Using online job boards, such as Indeed, is also relatively inexpensive and very effective at finding candidates for the job.
Investing money in career pages and company websites is also an excellent way to save money in the long-term. It helps attract passive candidates, and generate interest in the company, which is invaluable for companies intending to grow.
Receive Outside Help
Many companies make the mistake of believing that recruiting without help is the cheapest and easiest option. However, using the help of an outside company or software can actually save time and money, by delegating tedious time wasters to others— and securing optimal, long term results.
One great example of outside help is tazio.co.uk. This is an innovative company, that designs software specifically created to help businesses recruit staff. Their program combines online aptitude tests with video interviews, and other elements designed to help companies find the ideal candidate for their role. Tazio is becoming an increasingly more popular option for larger, UK based companies— to the extent that Jaguar Landrover and Selfridges are now few of their many important clients.
In Conclusion: Don’t Forget to Focus on Employee Retention
One of the easiest ways to save time and money on staff recruitment is to focus on employee retention. This is, of course, the way to eliminate the recruitment process entirely; or in the least to ensure that inside hires become a viable option when searching for management level positions.
In order to maintain a high employee retention, companies must put their staff at the forefront of their operation, and ensure satisfaction throughout the business.