Innovative and Cost-Effective Hiring Techniques

Recruitment indeed is a costly activity. However, there is no alternative to recruitment. However, you can make it useful and efficient at minimal costs. You don't always need to spend thousands and millions on the recruitment process. These cost-effective recruitment techniques are proof of that.

1. Referral programs

A solid referral program (part 48, article 6) should be adopted by every organization regardless of their size. You see, your existing candidates might surely know someone who might fit perfectly fit your vacant positions. All you need is to encourage them to bring referrals.

How would you do so?

Well, offer your existing employees incentives. This way, they would stay motivated, and you can save tons of money behind recruitment.

2. Get your job advert, right

The job market is competitive and thriving. Go extra miles to attract skilled talent. Your job advert creates the first impression of your company in the mind of potential candidates. Make sure your job description is compelling, attractive, on point and comprehensive. The quality of your job description (Part 10, topic 1) determines the success of recruitment.

3. Build your talent pool

Don't wait till the very last moment for the recruitment need to arise. That is to say, always keep building your talent pool. Talent pool could be anyone from past applicants, passive talent, to potential candidates in the market. All in all, you can save time from the pre-screening process with this databank.

4. Avail services of recruitment agencies

Hiring an in house HR department could be quite costly, especially for small size firms. Even after investment in human resources and HR technology, recruitment can become ineffective. Recruitment specialist or agencies have a knack of hiring most potential candidates in a prompt, cost-effective manner. You can get hands-on the best talent for your vacant position for a specified per cent of fees.

5. Work on your employer branding

Work on the most fundamental things. Candidates these days wish to work for reputed organizations. You cannot expect top-notch talent if you cannot offer excellent working conditions. Work on your employer branding. This, in turn, would attract potential candidates to your firm and not the other way around.

6. Use social media correctly

Leverage the popularity of social media for your recruitment process. Give your potential candidates an insight into your daily work-life environment. Candidates these days check social media profiles of company's before applying. Make sure your digital standing is compelling.

7. Encourage employees to advert

Nothing works better than word of mouth advertising. Let your employees be your brand ambassador. Let them advertise the openings in your firm. Encourage them to share their experience of working for you on digital platforms. Let them bring in the best talent for you.

Recruitment indeed isn't an easy task. However, it isn't tricky either to make it right. All you need is smart recruitment strategies to make it useful.

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