A bad hire costs your business as much as 30% of their annual salary. A company with high turnover is going to bleed money and not even realize it.
If you’re hiring process seems like a game of chance, then you need to take steps to always find the best person for open positions. One way to ensure that you always have a good hire is to streamline the recruitment process.
Read on to find out the steps to take to streamline your process for hiring new employees.
1. Review Your Current Hiring Practices
When was the last time you reviewed your hiring practices? Most businesses don’t really have a hiring process. They write up a job description, post it, and see who applies.
You miss steps like pre-screening candidates and running background checks on candidates. Review your current process and see where you can provide a better experience for your business and new employees.
2. Create a Checklist for Hiring New Employees
A streamlined recruitment process means that you have a system in place every time you hire a new employee. The best way to manage that system is to have a hiring checklist.
This includes all of the steps to take, from analyzing the skills for the job to negotiating offers. This way, you don’t miss a thing in hiring.
The best part about the process is that if you need to work with recruitment agencies, you can hand the checklist to them to keep the hiring process consistent.
3. Prioritize the Qualities for the Job
Every position requires a certain set of skills and characteristics. Before you write up the job description, you need to be clear as to what qualities and skills are necessary.
Once you have that list, prioritize them. Job applicants aren’t likely to have every single quality. If you come across a person that has the most important skills, then they’ll be a good fit for the job.
4. Make a List of Interview Questions
You should have a list of interview questions prepared for the rounds of employee interviews. You need to determine the goals of the interview and tailor the questions so you get the information you need.
You can have a set of standardized questions and a set that is specific to each position in your company.
5. Make Onboarding an Impressive Experience
You found the right candidate for the job, now you have to retain them. Your job isn’t done when they begin working for your company.
About 69% of new hires stay at your company for three years if they have a great onboarding experience. Unfortunately, most companies focus on paperwork as the core onboarding experience.
Make sure that the employee feels welcome and included in the organization. Have a 90-day onboarding process in addition to the recruitment process.
Making the Recruitment Process Easy
Bad hires cost your business money. You can reduce bad hires and increase employee retention by streamlining the recruitment process.
Follow the steps defined in this article and you’ll be able to lower your hiring costs in no time. Be sure to check out the other articles on this site for more great business tips today!