How your business performs evolves down to your hiring procedures. A new employee is expected to be contributing towards customer loyalty, profitability or development and in a negative tone it can have drastic impact on your business. Failure to comply with the right process would lead to under performance of employees and leading to wastage of time and resources. The onus of the HR department is connoted by 3 major pointers
- To hire
- To retain
- To develop employees
Once the business takes giant steps you might need an extra helping hand to support you. Once again you need to hire employees to support you. There is no reason to be hiring the best employees to contribute. If you are not able to hire the right employees it is merely drainage of resources.
You might find it hard to believe, but the cost of hiring an employee would lead to a saving of 30 % in terms of the first year savings of an employee. This includes opportunity cost as you have spent on proper resources in hiring the right candidate for a job.
In case if you decided to hire a new employee it is necessary that you stick to a correct hiring process. An organization needs to take viable steps to prevent hiring mistakes at their end. This includes everything right from identification to the final selection of a candidate, in order to ensure that the right employee joins the company. With the benefit of online recruitment software, you are provided with all inputs so that the right candidate joins your organization.
Understand when the right time to be hiring is
In hiring employees too early could prove to be a monetary stain. Though hiring late would ensure that the business does not realize its true potential. A certain feeling may arise that companies go on to hire employees to increase their stack, but the goal of a company needs to be just the opposite. There needs to be lesser number of employees for a viable running of the business.
An employee goes on to hire a candidate on the basis of value proportion, the ability to think and even setting up of a business are points given due consideration. This is accompanied by less compelling and expensive options. The process of hiring need not be done just to complete the process, but it needs to fulfil the business requirements. A hiring manager needs to keep a lot of things at the back of their mind like
- Increase in workload- a sense of panic creeps in once you are not able to complete the assigned tasks on time or there is a norm to postpone things. Recruitment means less stain on the employees and for new projects liberty is provided.
- Vision- If your business appears to be a part time entity, then no hassle. But if you have a long term vision with your business, it is high time you recruit new candidates. The potential employees would not mind hired staff in the event of you planning to sell out your business
- Expertise needed- if you are planning to expand your business, you might need the services of a professional, be it sales , web designing or any type
For a smart manager they are aware when would be the right time to be hiring by observing the business requirements. They find out whether they touch the deadlines with the options available, and if there arises a need to be filling the skill gap.
To put things in order you need to figure out the business requirements. This would make it ideal to be aware on when to hire at the right time. It leads to sourcing where you can develop a talent pool.
Work on your talent pipeline
It would be a great feeling to locate a right candidate every time an organization advertises for the same. This is a feeling hard to replicate. But on careful analysis it is not as easy as it seems to be. It can be compared to scrubbing a floor without any tools, so a strategy has to be in place. For your recruitment methodology it is all about an effective strategy.
An interesting number would showcases that 46 % of time talent professionals struggle with sourcing the right candidate. The sourcing of candidates paves way for a proactive approach and qualified professional needs to be drawn in to satisfy the present and future needs of your organization. This is all the more imperative in recent times than in the past few years.
In modern times recruiters are fascinated by the emergence of the internet and without a drop of sweat can source the right candidate. This could be one of the ways, but alone this is not going to help a lot. To work on your talent pipeline you can resort to the following
Cash in on the networking abilities of your employees
The brand of any organization is their employees. Their role in sourcing candidates cannot be discounted a wee bit. An organization can cash in on the networking abilities of their employees by engaging them in the recruitment procedures. The organization need not proceed far in order to recruit the right candidates. Organizations have given their thumbs up to employee referral programs and this is one of the viable ways to hire outstanding talent. For sure this improves the quality of hires.
Bonding with your old candidates
Once you take the example of campus recruitment, to an organization hundreds of candidates apply for a job. It is obvious that there are subject to various rounds of filtration, be it on screening interviews and assessments. Out of the lot less than one tenth make it to the company. Now would these declined candidates avail a chance in the next round of interviews?
The point is recruiters could develop an endeavour where they need to engage with every candidate with whom they have spent in quality time. To achieve this extraordinary candidate experience is to be provided.