For many employers, it's becoming increasingly difficult to identify top talent. Employers are searching for new, innovative ways to keep up with the best hiring practices to accomplish an efficient, cost-effective recruiting strategy. Check out a few industry tips we are putting into practice.
Industry Tricks & Tips
For many employers, it can be difficult to identify and recruit the best talent as the hiring landscape has created a strong competition for top talent. Employers are searching for new, innovative ways to keep up with the best hiring practices to accomplish an efficient, cost-effective recruiting strategy.
1. Competitive Pay Rates
Have you looked at your pay rates recently? There's a big chance they aren't keeping up with the market. Ask us for our free opinion on pay ranges. The low unemployment rate has begun to drive up market pay rates and increase the demand for talent. Thus, the current hiring landscape has created strong competition for talent and it's not going away anytime soon. Check out the local pay rates in your area on www1.salary.com
2. Improve Your Candidate Pool
There is a good chance that you could be missing out on the best talent due to inaccurate searching or overly automated CRM systems. If you find that your candidate pool is either too shallow or you are receiving more unqualified resumes than not, you may want to consider these ways in which you can strengthen your candidate pool:
- Cultivate external relationships
Reach out to local networking groups, local chambers, or colleges/universities to scout the best candidates and strengthen your range of qualified talent.
- Avoid overly strict automation
It can be difficult to sift through dozens or even hundreds of candidates, so it is understandable that many bigger companies turn to automated systems to exclude unqualified resumes. Make sure that your searching criteria isn't too strict or you could be missing out on some quality talent.
3. Hiring Events
Hiring events can draw a crowd. Who says hiring events or job fairs have to be a drag? Make it fun with music and energy, social media sharing can be a big plus so make a hashtag for your event and watch it go VIRAL. Coordinate with your marketing team to plan out the best way for promotions to boost attendance. Some companies may hire a videographer for the event to use for future company promotions and marketing material to capture the success and culture of your company.
4. Sign On Bonuses
Sign on bonuses are on the rise. Job categories in high demand needing extra incentives include skilled labor, machinists, and technicians are extremely competitive in the current labor market. If you're wanting to attract top performers and beat your competition, try issuing sign-on bonuses this hiring season. You can put a disclaimer or timeframe to it, so they don't have to be paid out immediately if the employee doesn't stay.
5. Social Media
Utilizing social media platforms such as Twitter, Facebook, LinkedIn and Instagram are FREE resources that candidates love to follow. Keep your content current and engaging and candidates will stay accessible to your company when you need them. Have you looked at yours lately? Utilize hashtags to sort relevant content and for easy tracking.
6. Hire a Staffing Company
One way to accomplish effective hiring is to turn to a staffing company that does it professionally. Many companies turn to this option if they find itself growing at a rapid pace and in sudden need of a large number of new employees. While cultivating your own process may take some time, staffing agencies already know the key to staffing efficiently, they have access to all of the best candidates, and they can get the job done twice as fast.