How Can You Reduce Recruitment Time And Costs?

Both the costs and the time can quickly add up when it comes to recruitment. Therefore it is important when you are a small business to take the right steps towards minimizes the resources and the money spent on it. The best way to do this is to research the methods, we are going to have a look at some of the things you can do below.

Not only is it really important to find the right fit for your business, but it’s also best to do it in a timely manner. There are some ways that you can reduce your time-to-hire without having to break the bank. Let’s have a look at some now: 

Create An Optimal Career Portal

It is important for you to optimize your company career portal as soon as possible. Your career site is a critical tool for job seekers to use when they are looking for open opportunities, and it also gives them an insight into what it’s like to work for your company. It needs to be mobile-friendly, robust, and representative of your employing brand. Having a portal that is accessible can help to motivate job seekers to apply for positions directly on your website, this, in turn, can reduce any recruitment agency or job board costs. 

Protect Your Business 

At times, you may come across problems with recruitment and unemployment after working for your business. You need to make sure you are protecting your business either way. Use tools such as an Unemployment Tracker, recruitment agencies, trial periods, and references as ways to make sure you don’t suffer a financial loss. 

Recruit Using Social Media 

Recent studies have shown that more and more companies are now starting to utilize social media as a way to recruit. There is a good reason for it too. A listing for a job vacancy on a job board or through a recruitment agency can easily, and quickly rack up a large bill, and it can be extortionate if you are on a recruitment drive and have several vacancies. On top of this, the reach is far less than what you can get from using social media, which is mostly free to use. Putting job advertisements on social media also targets people who may not be looking for a job, but see your company as an opportunity not to miss. Meaning you have a much larger talent pool. Using social media is a fantastic way to both reach a wider audience with more talent, as well as massively cutting back on your costs. 

Digitalize Your Interviews

If you use digital interviewing, you will be able to lower your recruitment. Using digital interviewing will enable you to screen any candidates anywhere and at any time. If you have the right video software in place it can help to minimize expenses such as travel and time-to-hire rates. 

These are just four of the ways you can reduce both your time spent and overall costs of recruitment. Do you have any other tips that could help another small business? Please share them in the comments below.

Bringing in the Best Talent for Your Business

Hiring the right team members with the right qualifications is the key to building and scaling a successful business over the long-term. Continue reading to see how you can recruit and onboard the right people for the right positions within your company.

There are so many considerations you need to make like a modern business owner, and one of the key things to keep in mind is the fact that you need to attract and retain the best possible talent. This is something you have to make sure you have sorted as much as possible, and you need to understand that the better the talent, the more this will benefit your company. 

Unfortunately, one bad hire can cost your company up to 30 percent of their annual salary. And what’s more is the Undercover Recruiter says that the wrong hire can cost your company up to $240,000 in related costs, including hiring, pay, training, and retention.  

Therefore, you need to make sure you have a great system in place for hiring top talent and keeping them at your company. Think about what it takes to find the perfect employees and bring them into your business. There are plenty of techniques and trips you can use to determine whether you are making the right choice, even if this is your first time hiring an employee.

Pay to Run a Background Check on All Qualified Prospective Candidates 

The most important step you can take as a business owner is to run background checks on your prospective workers before making an official offer. That’s why you need to look into things like taking a mouth swab and conducting criminal background checks so that you can gauge whether they are the right person for your business moving forward. These types of background checks can be costly but will be worth it to prevent problems from arising down the road.

Consider Experience, Education, and Personality when Interviewing and Onboarding

 When you scour through cover letters and resumes, it’s important to review each candidate’s education and experience to ensure the person is qualified to do the job well. You will also want to look at their personality to make sure they fit into your company culture, especially if the team is small. Administering a personality test can reveal a lot about a person in the preliminary rounds of interviews, but when it comes to the final rounds of candidate selection, paying attention to the applicant’s personality and attitude during an in-person interview is very telling. Here are some questions to keep in mind during the interview process. 

·       What are their mannerisms?

·       How do they speak?

·       What is their body language?

·       How do they communicate? Are they articulate or do they stutter often?

·       Are they nervous?

·       Ultimately, how will this candidate’s personality for into the team and larger company culture? It has to be the right fit.

Conduct the Interview Yourself to Get a Sense of the Candidate Overall 

When selecting the right person for your business, one of the most important things you need to do is to try to conduct the interview yourself. This is something you need to make sure you work on right away. By holding an interview yourself, you get a feel for what a person is like and whether they might be a good fit for your business.

There are a lot of things that you can do that will help you to improve the caliber of talent you attract and bring into the company. This is something you need to make the most of right now, and there are so many elements that play a role in this moving forward.

Creating The Perfect Team

What makes a great business? Many factors will go into creating the perfect company; having a fantastic concept is always a good start. Then you need the operations structure to turn that into a reality. But behind all of these successes, there is one thing, and that is great people. 

While you may be able to do a lot on your own in terms of taking your own ideas towards success, you will eventually need the skills and talents of other people. When it comes to bringing people into your business, you will no doubt, want the best. But how do you go about attracting and retaining people who will really make a difference, and who can help you take your ideas and concepts and turn them into something solid and highly bankable? 

Have A Professional Recruitment Process

Attracting people to your business takes more than just a job advert on a recruitment board. Knowing where the people that you need are currently located and finding out what it will take to bring them to you will be a start.

By employing the most up to date advancements such as artificial intelligence for recruiting, you will be able to create an applicant pool that will find you the best of the best. By utilizing a professional and seamless recruitment process, you can take your new employee from application to onboarding in a way that will show them that you are organized. A slick process will let them know that you will never miss a beat when it comes to making sure they are in safe hands. 

Create A Great Culture Of Incentives

People work hard for different reasons. Everyone has something important to them, and as an employer, it is your job to find out what this is and make sure that you consider this when it comes to creating the kind of meaningful incentive that will drive performance.

Sit down with your new employees when they start and find out a bit about their life and what drives them. Are they motivated by job security, money, feeling needed and valued, or are they looking for career progression and recognition for their endeavors? If you can understand what it is that they need from a job, you will be able to offer this in return for their innovation and hard work. 

Say Thank You Daily

Every member of your team deserves to be thanked for everything that they do for you. While it could be argued that it is their job and they should be doing it because they are paid to, you have a team of humans who deserve to be thanked for everything that they do. Your business would not be able to function without them. 

Set Mutually Agreed Goals 

When it comes to handing out targets and goals, the best way to motivate people to work towards these is if they are created alongside your team and with their input. This will help them to push harder to achieve them.