How are your New Year’s Resolutions going? Less than a week into 2016, we hope you’re able to say you’re staying on track.
As you head back to work in 2016, you might start thinking about things you could be doing differently in your online recruitment. After all, if you’re making resolutions to hit the gym or spend less for example, it makes sense that you could make similar improvements at work.
Even if everything is going pretty well on the recruitment side of things, there is almost always something that can be worked on – you could save money for example. Here are some of the ways you can resolve to change your online recruitment strategy for the better.
Improve employee retention
It’s all very well hiring somebody quickly and inexpensively, but it doesn’t count for much if they choose to move on quickly. There’s a significant time and money cost involved when an employee leaves before they’ve had a chance to make waves in their role as in all likelihood you’ll have to advertise the role again.
It’s not always easy to identify the warning signs that tell you you’ll be saying goodbye to your new employee within a few weeks. But companies experience fewer walk-outs where good training, effective leadership and honesty about what the role involves are implemented.
Shorten time to hire
It might seem like there’s nothing wrong with a company taking its time to hire…after all, you want to be sure you’ve got the right person. However there really are advantages to making sure the recruitment process isn’t drawn out any longer than it needs to be.
Remember that job seekers aren’t just sitting by the phone waiting for the offer, but will rather be in contact with multiple employers. Every day that passes is another day in which a top candidate could be poached by somebody else – so it’s vital that employers don’t take the candidates’ time for granted.
Reduce cost per hire
The cost of a recruitment campaign is a bit like the time it takes – the more you spend on it, the more likely you are to find the right person for the job. At least that’s what you’d expect, but at a certain point you’ll be spending too much just to find a candidate you could have found at a much lower rate.
If you’re relying on recruitment agencies, you should know that you’re almost certainly not getting the best rate, especially if you’re paying the standard rate of 15-25% of the employee’s salary. As a fixed-fee recruiter, Blue Octopus works to a much lower rate, and we’ve saved some of our clients millions of pounds over just a few years.
These are just a few resolutions you could make for 2016, as far as recruitment goes. If you’re interested in some of the other ways you can prepare for the New Year, and stick to your recruitment new years resolutions, download the free whitepaper!