Is Your Company Maximizing
Your Recruitment Effectiveness?
The world has shifted; the
economy has changed- we all need to do more with less. The U.S. we are now
entering into a Global Talent Marketplace. Companies can hire top talent labor
cheaper than ever before.
Competitors in your marketplace are popping up all over the globe. What happens when your competition
offers your customers a better solution for less money? As we slowly crawl out of
the recession we enter a brand new age, new business models, a new age of
pricing and a new age of service delivery.We all must maximize our effectiveness
while minimizing our costs. Going forward one of the ONLY competitive
advantages a company will have is the people working in their organizations.
The U.S. talent market is shrinking while the global talent
pool is expanding. In the next 4-6
years, companies will face the most challenging and tumultuous times in
building and retaining their workforce.
Your company has choice in
recruitment solutions. You can
build your own, In-source it, outsource it,
or wing it. Below are some cost saving
methods for maximizing your recruitment and retention effectiveness without
paying high fees.
Benchmark your
key contributor talent, clarify the DNA of winner in your company and then use
that DNA to validate new hires.
Identify KPI’s
for each role
Utilize a
contingent recruitment workforce – bring in skilled, accountable recruiting
talent, ONLY when you need them
Eliminate
wasted time, effort and money by implementing screening tools at the top of the
funnel.
Create steps in
the recruitment process that bring forth the best and eliminate the rest.
If you use
assessments do NOT buy them from the publisher, they are selling you their
tools they are not helping you select the best tool for your roles,
circumstances and culture.
Use Behavioral
and Values based interviewing in the finalist interviews.
Have your
recruiters trained in selection, retention and performance management so they
understand the whole talent life cycle and make better matches.
Evaluate your
current workforce: what is working, what is not, what needs to change and then
hold Managers accountable to make that happen.
Implement performance management across the board.
Tie everyone’s performance and compensation to the
company’s profitability.
Get help in making the final selection of candidates
for key roles.
Make employee engagement a priority.
Set up futures meetings with your key contributors.
Exploit the grapevine.
Select 1 job board and maximize that relationship.
Measure recruitment success.
Measure retention success.
Monitor steps in the process for new efficiencies.
Outsource pieces of the process.
In-source pieces of the process.
Train your Managers to recruit, select and on-board key contributors and mission critical talent.