Hiring new employees is an expensive endeavor, which makes getting it right the first time so important. Finding quality employees can be difficult for small businesses as you are likely relying on a small geographic area for your talent pool. That doesn’t mean the right candidates aren’t out there. In this article, we’ll discuss strategies for improving your recruiting, hiring, and training processes.
Recruiting
This element consists of the hiring manager or head of HR identifying an employment vacancy, outlining job responsibilities and description, creating an application, placing a job advertisement, and database sourcing. Some tips to improve your recruiting efforts include:
- Find out what the going rate is for the position and match it
- Offer an employee benefit program
- Make lifestyle part of your employee recruitment offer
- Emphasize the benefits your small business offers
- Be creative with perks
- Offer employees some way to move upwards
- Create an employee incentive program
Hiring
This step involves reviewing job applications, interviewing the selected candidates and, performing background and reference checks. The interview process is essential in narrowing down candidates and ensuring you make the correct hire. A few tips include:
- Introduce yourself
- Set the stage
- Review the job
- Start with generalized questions
- Review the applicant's resume
- Ask some consistent questions
- Vary your questions
- Give candidates a chance to ask questions
Training
It could take one day, or it could take several months before a new hire understands the day-to-day intricacies of their position. Refining your training process ensures you’re not incurring too much overhead when bringing on a new employee. A few tips include:
- Assess your employees’ wants and needs
- Align the training program with your company goals
- Communicate well and be transparent
- Provide hands-on coaching and mentoring
- Measure your results
- Encourage questions
- Be patient
Recruiting, hiring, and developing talent are necessary tasks that involve an investment of time, money, and resources to get it right. “According to Glassdoor, the average company in the United States spends about $4,000 to hire a new employee, taking up to 52 days to fill a position.” If you fail to make the correct hire, to begin with, these costs can multiply. Quikstone Capital can provide your business the funding it needs to get it right the first time. Click below to apply now!
