Would you consider your recruitment process to be efficient? It’s a tricky concept to nail at the best of times, but it’s even more difficult when you have limited resources to work with. Whether you’re facing a lack of time, budget or team members; the current candidate-driven market takes no prisoners.
When hiring top talent on a tight budget starts to seem like mission impossible, you need to consider whether your current process is working. After all, a vacant position left open for months at a time will cause problems for any company, let alone smaller businesses.
PREMIUM CONTENT: North America Staffing Firm Survey: Initial Findings
Which is why it’s so important to nail your hiring process. With the right team members on board, productivity and morale will rocket and brand reputation will improve. The good news is, a stellar hiring process doesn’t necessarily require a massive budget. If you’re ready to master the art of hiring with limited resources, then read on.
Introduce an Employee Referral Scheme
Your current employees are one of the best resources you have for sourcing fresh talent. Their networks will expand beyond your current talent pool and they can refer like-minded people who will gel with your company culture. Current employees will also provide an honest review of your workplace, therefore reducing the amount of hires who drop out further down the line.
What’s more, you save time and money on recruiting, which makes employee referrals a cost-effective decision. If you’ve got a little more cash to work with, why not offer a referral scheme with bonuses to incentivize current employees?
Maximize Candidate Experience
By creating a great candidate experience, you’ll show why candidates should work for you over another company. Keep them updated throughout the hiring process; from scheduling an initial chat down to when you’ll make your final decision.
While it’s important to have an efficient hiring process where candidates are kept in the loop, don’t feel pressured to make a final decision if you’re not completely sold. After all, it’s a two-way street. There will always be roles which take longer to fill, but a bad hire will only cost you more money down the line if it doesn’t work out.
Offer Desirable but Cost-Effective Perks
You can still offer competitive benefits, even when hiring with limited resources. Flexible hours and remote working are becoming increasingly essential to attracting today’s job-hunters. Enabling employees to maintain a healthy work-life balance will attract top talent without spending a fortune.
Other budget-friendly perks include free food and drinks, casual Fridays, birthdays off and retail discounts. Why not help employees gain new skills and improve their market value by offering development and training opportunities as well? You’re more likely to retain your hires when they can see a future in your company.
Don’t Let Limited Resources Hold Back Your Hiring Efforts
As a company with limited resources, your focus should be on telling candidates that you are the whole package. By creating an impressive candidate experience, along with showing that you look after your employees, you’ll prove that you can offer more than just a decent salary.
Alongside this, make the most of your biggest asset; your current employees! Get them to spread the message about how great you are. It adds unrivaled authenticity to your job adverts, ensuring you stand out from the competition.
Follow our advice and your business will have no trouble learning how to hire with limited resources!
