Not much is left up to luck or chance when it comes to running a business, especially where piecing together your staff is concerned. You need to be strategic in the way you recruit and hire employees. Here are a few reasons why your recruitment strategy is crucial to the success of your organization.
1. Reduces Costs
When you have an effective recruitment strategy, it can help you reduce costs for your company. Reducing cost during hiring is essential because every time you have to hire someone new, it is expensive for a business. Businesses typically wind up spending one and a half times the employee's salary recruiting, hiring, and training a new team member.
2. Stronger Applicant Pool
As refining your recruitment strategy will help you reduce overall cost, it can help strengthen your applicant pool as well. When you have a clear plan for where you will put your job postings and where you will reach candidates, the applicants who are the best fit for the job are more likely to apply. The word will spread about your well-organized recruitment strategy and potentially further expand your talent reach.
3. Improves Retention Rates
If your employee retention rates are poor, it is time to examine your recruitment strategy. When you have a solid idea about what you what in a potential candidate, find ways to communicate and determine a screening process properly. Doing this will ensure the applicant is a good fit for the job and vice versa.
4. Provides More Accuracy
Your recruitment strategy includes the screening process, which involves looking at job history as well as examples of their work when applicable. A good strategy will identify what information is valuable to the hiring process. For instance, if your business needs a graphic designer, it is typically necessary to provide a portfolio to review. Having these expectations in place will provide more accuracy when you are finding a new employee.
5. Creates a Better Image
Within your industry, people will talk. When you have a strong recruiting strategy, positive company culture, and comparable pay, you are more competitive in the job market against other companies in the industry.
6. Increases Morale
When you have a good recruitment strategy, it will help increase morale across the board, which will help your bottom line. Recruiting goes behind the hiring process too. You will need to follow up on promises and incentives given during the recruiting process, such as development opportunities in the workplace and other benefits.
7. Working with a Staffing Agency
Employing the help of a staffing agency can significantly help you with your recruitment strategy. These agencies are already plugged into your industry's talent pool and have access to a large number of candidates. They are also trained to identify which candidates will fit into your organization the best.
Find the Right Team for the Job
Timpl is one such agency that can help your business piece together the right team for the job. Contact us to see how we can assist you.
