Hiring is a huge part of any HR budget. To ensure you’re getting the most ROI out of yours, consider the following strategies:
Strategy #1: Ongoing Recruiting
As a Kansas City recruiting firm, Morgan Hunter can tell you f you want to remain competitive in the marketplace, the status quo just doesn’t cut it any more. You need to be more proactive in terms of how you approach hiring. That means implementing a strategy that attracts qualified candidates on an ongoing basis, not just when you have a position to fill at your organization.
Just think about the amount of time and money you could save if you already had a talent pipeline of engaged and interested candidates to tap into when you need people for openings? The effort you put into doing so now will lead to a greater return on your hiring investment overall, as well as better quality candidates.
Strategy #2: Follow a Well-planned Interviewing Process
The best way to get the most out of your hiring budget is to hire the right people at your company. And yet, so many employers take a casual approach to the interviewing process or, on the flip side, they’re in search of the perfect candidate. Hiring success falls somewhere in between – a well-planned process that aims to find strong candidates.
Elements of it should include:
- Knowing what success looks like in the role you’re hiring for. That goes beyond a description of skills and job duties and forces you to identify what specific goals the new hire must achieve and expectations they must meet to be successful.
- Asking effective questions that enable you to weed out weak candidates and hone in on those best suited for the position. There is no one question to ask that will let you do that. Depending on the traits and skills you’re screening for, you’ll need to ask many initial and follow up questions to uncover the right candidate.
- Testing candidates to ensure they have the skill set they say they do.
- Getting the opinions of others. Hiring shouldn’t take place in a vacuum. Get input from others that will either corroborate your impressions or highlight issues with a candidate.
Strategy #3: Work With a Recruiting Firm
A recruiting firm can add value to the hiring process by improving your ROI in the following areas:
- Reduce the time it takes to fill an opening.
- Locate hard-to-find talent faster, as well as passive candidates not necessarily looking for a new job.
- Streamline the hiring process and ensure each candidate is engaged and has a positive experience throughout.
- Spend the time to properly onboard and train new hires, which generally leads to happier, more productive employees and higher retention rates.
Partnering with a Kansas City recruiting firm like Morgan Hunter can help you get more out of your hiring budget, while holding the line on staffing costs year-round. Please feel free to contact us today to learn about how we can help you maximize your dollars.