What do you need exactly in order to elevate the hiring process of your company and sustain employee engagement with a low turnover rate?
‘’I want you!’’ is what the poster of Uncle Sam said to recruit people for the Second World War. Quite straightforward, and as it turned out for the United States, also efficient.
However, such a blunt approach will most likely not work as well in today’s business world. Instead, strategy has come to be key for a successful recruitment strategy.
Okay, let’s first take a step back. What do we mean by a recruitment strategy and how can it help you to hire the best talent?
What is a recruitment strategy?
A recruitment strategy is a properly defined plan for attracting, hiring, and onboarding the right talent. It is a clear-cut hiring project that defines the roles your company plans to recruit for, when and where those job opportunities will be posted, and the evaluation strategies through which you’ll identify top candidates.
A well thought-out recruitment strategy can bring various benefits to any company: for instance, organizational resources are less likely to be wasted and rather get used efficiently. The business saves time, money, and those involved in hiring can work in the right way.
Alright, we have a clear understanding of what we are talking about. Now let’s put it into practice!
4 easy steps for an efficient recruitment strategy
1. Understanding the gaps
The first and most important step in any hiring plan consists of a thorough gap analysis. This implies understanding the company’s needs and goals that can be accomplished through recruitment. For instance, what skills are currently missing in the company? What profile are we looking for? Do we need to place more human capital somewhere, and if so, where?
Once such issues have been identified and understood, the next steps can come.
2. Creating a recruitment timeline
Set a timeline, and plan ahead: it may sound superfluous, but checking the deadlines has never been so important.
Decide on a date within which you need to hire new personnel, and even make estimates of what people will likely be required in different quarters of the year. Such decisions depend on factors like the typical turnover rate per quarter, the economical situation of the country in which the business is located, and uncontrollable outside events.
Then works backward from there. What is the expected notice period? How many rounds of interviews do you have? How many different interviewers? How soon can they interview? How many candidates do you want to see? How long do you expect it to take to source those? So, how long does running your recruitment process take end to end? Your TA team and/or recruitment partner should be able to advise and help with this.
3. Work with a recruitment agency or/and advertise your job
Generally speaking, LinkedIn is commonly considered the most used medium for hiring and sourcing candidates. However, based on the target audience and the budget, you might want to use different media for an efficient recruitment strategy. Different professional niches might require different platforms. Other recruitment tools include:
- Recruitment agencies, such as PCN
- Print advertising
- Employee referrals
- Job fairs/campus recruiting
- Engaging with your existing talent pool
4. Promote your company for hiring but be honest!
As a final step, you need to decide what you are going to tell candidates about your organization. What are the values of your company? What are the upsides of working there? And (something that is often overlooked) what is it really like to work with you?
No workplace is perfect, and if you sell your company as such, the new hires will face a harsh reality. What does this lead to? Unfortunately, dissatisfaction and turnover. For a positive and happy atmosphere in your company, just be honest!
Are you currently looking for new candidates and need an efficient hiring procedure? PCN is here to offer you the best hiring services in FinTech, SaaS, e-commerce and cybersecurity.
Contact us today and let us know how we can help you!
