Hiring a new employee can be a very stressful aspect of running a business, and it’s tempting to put the issue on the back burner.
But understanding the hiring process and knowing a few tricks can make a manager’s work much easier. It can also substantially reduce hiring costs and make your business more profitable. Since businesses depend on employees working together productively, an effective and cost-efficient hiring process can also reduce costs in the long run. Here’s how.
1. Hire temporary workers
Dealing with background checks and inaccurate information on resumes can be quite time-consuming and costly. Hiring workers through temporary agencies has considerable advantages, including:
— The agencies usually perform background checks and skill tests, so hiring managers need not worry about choosing the right candidates.
— Hiring temporary workers is also a great way to preview a person’s skills. Most agencies will permit their workers to be hired as full-time employees for an extra fee.
2. Perform an audit of current hiring processes
If you’re not sure whether your recruiting systems make good use of the company’s money, you can benefit from performing a cost assessment of all or parts of your hiring processes. Certain costs might be higher than expected. If you discover that money is spent on matters of questionable value, they can be eliminated.
3. Take advantage of social networking
Rather than deal with expensive recruiters or recruiting websites, you can take advantage of social media to get the word out about open positions. This costs nothing on websites such as LinkedIn. There are even websites that can automate the process of posting jobs to social media sites.
4. Make interviewers more comfortable and train them properly
Interviews are arguably the most important part of the process. In addition to creating delays in finding candidates, an ill-qualified interviewer may not be able to find the person you’re looking for.
The employee they hire may also have difficulties getting up to speed when he or she starts work. It makes sense to train interviewers to screen for the qualities that mean the most, so as to ensure new hires can handle the work.
5. Keep expectations consistent
Issues can arise if job descriptions are inaccurate or multiple managers are looking for different things in a candidate. If the goal is to hire a worker with marketing skills, a job description that mentions only administrative work could mean the candidate that gets hired is not a good fit for the position.
Conflicting expectations among superiors will cause confusion and undoubtedly cost the company significant amounts of money by the time the various issues are sorted out. The best way to reduce cost per hire is to be proactive and identify aspects of the hiring process that don’t make financial sense.
Being consistent and ensuring the hiring managers are well-trained, know what the company expects, and are able to work together will also raise the chances you’ll hire the best candidates and they’ll reach their full potential as soon as possible.