Do you wish you could know which applicants were the most likely to succeed?
Are you frustrated by employee turnover or lack of productivity? Is the quality of the people you hire less than expected? Do you wish you know which applicants were the most likely to succeed? Today the recruiting challenges for small businesses are enormous. Business owners do not have the time to spend on hiring effectively and as a result they often hire quickly but not effectively. In today’s marketplace, the competitive talent trends make it crucial to have an effective way to assess, develop and retain top talent.
Companies need to go beyond traditional resume, interview and yearly review processes to discover the real characteristics of super performance. At least 90% of recruiting today is done on line.
- Applicants apply for multiple jobs.
- Long-time job seekers apply for related jobs.
- Unqualified applicants apply for everything.
- It takes an average of 8 weeks to recruit and hire a new employee.
- Once hired, it can take up to 90 days for the new hire to be effective (or not).
Harvard Business Review states that 80% of turnover is caused by bad hiring decisions and The Research Development Group says that the cost to replace a customer service rep earning $18,000 a year is $58,000 or, from The Institute for Research Labor and Employment, the cost to replace a manager is 150% of their salary.
In response to these recruiting challenges and the lack of time, small business owners often make costly hiring mistakes.
Some of these include taking the reactive approach. This means they hire someone dramatically different from the one who did not work out. They also set real unrealistic specifications looking for a super hero. They may also accept someone at face value based on an interview and a resume or they may assume a candidate will perform equally if their credentials match another top performer’s or the boss’s.
The Solution
We propose an approach segmented into four parts:
- Job Preparation
- Recruitment
- Candidate assessment
- Post offer
The Effective Hiring whitepaper will help you assess, develop, and retain top talent.
Recruiting challenges for small businesses are enormous. Business owners do not have the time to spend on hiring effectively, and, as a result, they often hire quickly but not effectively. Effective Hiring details a four-step hiring process that will help you organise your recruiting efforts.
- Organise the job description and set realistic goals.
- Information on how and where to promote the open position.
- Assess your candidates to ensure greater recruiting success.
- Successfully onboard a new employee in a way that will help reduce turn-over.