Recruitment costs are very rarely low. People always seem to forget about this. New business owners tend to believe that hiring someone is going to be the cheapest thing on the to-do list. But nothing could be further from the truth! Yes, there are going to be a lot of considerable costs that may seem to trump the costs of recruitment. But even if you ignore the salary you have to pay, getting a new employee is rarely cheap. When you consider the costs of advertisements, training, and the transition period? You’ll see that recruitment is one of the biggest costs for any business.
But a startup often doesn’t have the cash to do things the way bigger companies may do them. As a much smaller and unestablished business, you have to be much more careful about your recruitment strategies. If you want to cut the costs of recruitment without cutting on the quality of the outcome, then check this article out.
Use social media to your advantage
As a startup, social media is vital for many reasons. And one of the standout reasons is that social media can be harnessed as a free tool for advertising jobs! Of course, you may not have as many followers as you might like if you’re just starting out. So use your networking skills to connect with other people in the business who can spread your message. If you have a community manager in your workplace, they should work with the recruitment manager.
Work with the right job listing site
There are a lot of job listing sites that are more than happy to rip you off. Due to their popularity, they’ll charge you an extortionate amount to work with them. Agencies are even more expensive. Many employers prefer to work without an agency. They prefer direct contact and less cryptic job descriptions. If you have to work with an agency, make sure they have amazing feedback from clients. And when it comes to choosing job sites, look into ones that allow you to post free job ads.
Look into video interviews
Interviewing candidates takes up a lot of time, which can cost a lot of money! The reason so many of us use face-to-face interviews is because we need to see the candidate. Quite often, a phone interview will have taken place beforehand. Why not combine both of these things and simply hold a video interview? More people than ever are using webcams and Skype. It makes the entire process much quicker.
Avoid bad hires
The most egregious way in which recruitment costs too much? When you make a bad hire. If you’re not hiring the best you can possibly get, then it’s difficult to justify any recruitment costs. But it’s true that an amazing employee can be worth whatever costs you had to deal with. So be extra careful when it comes to recruitment. Don’t set some strict deadline by which someone has to be hired. Take your time and you’ll be less likely to have your hand forced. An extra week or so might see an amazing candidate turn up. If the employee turns out to be subpar, then all that money was essentially wasted.
This article was provided by ellie jo