How to Design a Better Hiring Process?

The people you hire are the face of your company and can determine the future of your organization. This means that the way you hire has to be spot on, in order to reap the long-term benefits. Proper planning & an efficient hiring process can not only help you make big profits but also save valuable time & energy. 

According to statistics, a bad hire can set you back close to $14,900 per hire and this cost can climb up to a whopping 30% of an employee’s initial year’s earnings. Moreover, bad hires can negatively influence the organizational culture in terms of the company’s reputation, employee motivation, and productivity. The latter two aspects will be impacted even more if the bad hire is in a managerial position.

So how to design a better hiring process? Here are a few tips that will make recruiting top talent more effective.

Tips for Effective Recruitment

1. Be sure of what you’re looking for

It is essential to know what skillset or mindset will complement the vacant position and the organization. It requires taking a step back, performing thorough research, and devising a job description that details all requirements. The better the job description, the more chances of finding the desired candidates.

2. Create employee referral programs

Don’t just rely on conventional hiring techniques. Take advantage of employee referral programs as well. This method is more effective than how managers hire traditionally and offers the following benefits:

• Saves valuable time.
• Cuts costs.
• Makes current employees feel important.
• Referred employees fit in well because they already have a friend or someone they know in the organization.

It is also a good idea to make use of social media platforms such as LinkedIn and Facebook to find the right people. Also, if there’s a good applicant tracking system in place, you will be able to see which sources work best for you. You can analyze this data and hire according to it the next time, saving even more time and costs.

3. Make a good first impression

You hiring process speaks volume of the kind of organization you are. This is the first formal point of contact between you and the candidate. What the candidates experience here, will help them shape a particular image of your organization. Strive to make this process as seamless as possible, so even if they don’t get hired, candidates say good things about you in the market. 

One way to achieve this is by making the recruitment process efficient and fast. Reducing the time between various stages of the hiring process or different screening interviews will make the candidates feel important.

According to Glassdoor, a bad recruitment experience leads to almost 72% of candidates talking about it on social media platforms. 55% of job seekers base their decision to choose or avoid certain companies according to these negative reviews.

All the efforts to attract the talent pool will go to waste if you turn them off with a subpar recruitment process. So do all you can to impress them at this point.

4. Use the right technology

While marketing perks such as free snacks, work from home, and monthly bonuses may interest some candidates, these are not enough to make difference. Many companies are already offering these benefits and it’s not something intriguing for job seekers.

A good approach to attract more candidates is to promote your forward-thinking by using the latest technologies. The purpose of these technologies, however, is not to impress but to solve problems and add value to company’s and candidate’s lives.

For instance; you can incorporate automated recruitment software like IntVue into your hiring process and find the right candidates faster. It is a one-way video interview tool that allows companies to interview and screen multiple candidates simultaneously. 

HR recruitment software like this is also quite beneficial for candidates. They can take interviews from the comfort of their homes, via any smart device, and anytime. Moreover, it saves them from the immense pressure of sitting in front of a panel. Saving them traveling costs, time, and mental hassle.

Another major benefit of one-way video interviews is that it removes personal biases and focuses on the skillset of the candidate. This means, there are high chances of hiring the best candidates for the role.

When properly executed, these 4 tips can drastically improve the hiring process and help you find people who are loyal and would want to stay with you longer.

Let us know how your recruitment process looks like. What are some of the challenges you face regularly and how technology helps you combat these issues?

Happy hiring!