Gone are the days when employees were in search of opportunities. Employers are now in search of talent to up-build their organizations. As a result, organizations are trying to stand out through hiring strategies. Organizations project the quality and efficiency of their business processes to attract talent. The article shares essential hiring and retention procedures.
Plans for a smooth hiring process
Employees look beyond money. Employees look for a safer and healthy work environment between candidates and recruiters. Also, a healthy work environment helps candidates in valuing the organization. Also, the hiring process can significantly impact how candidates view your organization. Thus, carrying out strategies is essential. Research shows that over 30% of candidates abandon employers during interviews. Thus, the organization must promptly reply to the emails received from potential candidates. Besides, the organization should never hesitate to disclose salary to potential candidates. These factors enable the candidates to build credibility with the organization. The employer must follow the strategies given below for a smooth recruitment process.
- Focus on the hiring procedures.
- Curate every stage and customize every step of the hiring process
- Communicate the timelines across the stakeholders
1. Prioritizing the hiring procedures
The employer must actively engage in recruitment. They should make the best efforts to find talent. Engagement speeds up the recruitment process and enables the desired results. Moreover, the active attention of the recruiter uplifts the experience of candidates.
2. Designing and customizing the recruitment process
The employer must know what is to be evaluated during the recruitment procedure. Thus, the employer should establish plans well ahead. For example, planning for interviews reduces time consumption.
3. Communicate timelines with the stakeholders
Communicating hiring procedures with the stakeholders, external recruiters, and candidates eases the complications. Prepare job descriptions and customize the details based on the required role
- Research across social media and other platforms
- Shortlist candidates acquired from various platforms.
- Begin final evaluation
Hiring and retention strategies
Organizations have difficulty finding and retaining new talent in the competitive job market. Thus, retention strategies and efforts hold higher value in the competitive job market. Employee retention is essential as letting potential employees leave the organization increases workload. But, it also leads to stress. But, an increase in workload will reduce the efficiency of existing employees. Thus, ideal candidates work towards reaching organizational goals while maintaining work-life balance. Similarly, retention strategies begin with providing a good work environment. After that, the organization must motivate and train them. Thus, the organization must consider deploying retention strategies as listed below:
• Investing in their skill/career development
By providing opportunities to build their skills, employees begin to show more interest. They are also passionate about reaching their organizational goals. But, setting tasks to the right person enables them to bring out the best skills in the organization. A candidate will suffer and waste resources if he is not interested or skilled in the assigned tasks. An employee should look for the organization's skill and career development arrangements. They can understand job descriptions, websites, and existing employee reviews.
• Track activities of managers
Retaining employees would be difficult if the manager is not managing tasks effectively. Employees do not leave because of the company or their role. They go because of their boss. Thus, managers should work alongside employees and be motivated at pressurized times.
• Recognizing their efforts
Motivating employees help them to apply their skills efficiently. Motivating emails, and awards, help them learn more and develop skills in the field. Besides, motivation should include realizing their role in organizational growth. If they have realized their worth, the employees will contribute more to the company.
• Reassess the compensation you provide
Companies should reassess their compensation standards and view them from employees' perspectives. Employees are more likely to look outside their company about their compensation. Thus companies must consider their measures regularly in the competitive job market.
• Focus on work-life balance
Burnouts and lack of interest are real issues. Assigning tasks requiring more skills and overburdening can reduce the professional's efficiency. It also indirectly demotivates them. The managers can begin by cutting down unnecessary meetings and administrative duties. Additionally, companies should compare the recruiting costs against an increased company turnover.
• Offering competitive packages, incentives, and benefits plans
Managers should consider competitive analysis, living costs, qualifications, and supply & demand.
Considering the differences, you can decide to increase the incentives for the employee. Also, an employee should choose firms that appreciate your efforts. It motivates you towards your professional development.
Align your hiring strategy with your business goals
Companies are adopting strategies that match the evolution of a digitally driven market. Aligning HR with business strategies helps the organization focus on its business goals. When the recruiter understands its strategic goals, it can narrow down recruiting procedures. Aligning the HR department with business strategies means setting clear goals and values.
Several benefits are there when the HR department is aligned with the business. First, they will know the requirements. Thus they take the right decisions. For example, a company to cut hiring costs, should analyze the compensation structure. It should focus on employee retention and culture-building strategies. The HR department should follow plans when informed about these decisions. Second, you understand human resources capacity if the HR department is aligned. For example, you may find employees who might be able to take up extra roles. The HR department should focus on training and team development in such cases. This way, the organization can move swiftly and act based on shifting needs.
Build your company identity
A recent survey shows that over 80% of the candidates want a higher purpose. Thus, organizations strive to add more value and give a sense of purpose to their employees. But, the survey also stated that over 70% of the employees are actively looking for jobs. This status shows that some organizations fail to provide a sense of purpose. The employer must think of their values and mission other than making money. What is the goal of the organization? What are they trying to do or bring in change to society? Linking the products or services with a higher purpose evoke employees to be a part of the team. It gives a sense of achievement during their employment. Also, staying loyal to your business goals during the hiring process impacts candidates. Remember that an ideal candidate is looking for a long-term job when advertising a role. They also look for employer branding. Employer branding is one criterion that attracts the attention of a prospective candidate. Over three-quarters of active job seekers consider employer branding more than other aspects.
Similarly, employees should value the company based on their values and identity building. They can also consider startups that are striving to build their identity. But, the employee should feel the company is focusing on its brand identity.
Make the hiring process faster
• Effective job descriptions
Job descriptions are the first introduction of your company to the candidate. This job description should be as effective as possible to attract the right talent. The job description should include a description of the employee experience. For example, the benefits, environment, facilities, work culture and values of the organization. This way, the employees get to know how it would benefit their career or personal development. Thus the job description should not stop listing the skills required for the role. Instead, it should talk about the company.
• Should make an offer fast
Evolving hiring procedures force you to develop hiring procedures. You have to store the details of the candidates from various platforms. Also, it would help if you shortlisted the received applications. Skilled people are aware of their skills and the demand for the skills in the job market. Experienced professionals are more likely to apply for jobs elsewhere. Thus, making the offer fast will reduce the chance of losing a qualified candidate. Employees can also follow up by sending emails. They should send work samples for a faster hiring process.
Importance of employee experience
Companies are tracking the experience of their employees in various ways. Mainly they are linking the employees' experience with their community. Some companies have created mediums for employees to share their thoughts. For example, at Tandemloop, employees are given space to share their thoughts. They can share their concerns freely. A good experience helps the employee meet job satisfaction and cut burnout.
Flexibility to employees
A survey by Digital Experience shows that about 30% of employees work well when flexible. But commuting to places has reduced working hours. At the same time, employees can work for longer hours as there is no need to commute to the office.
Similarly, flexible working hours have retained valuable employees. Besides, it keeps the workforce engaged in the organization. Another survey stated that over 52% of employees discussed flexible working. Thus, employee engagement is a crucial aspect. Thus, it should be considered an essential retention strategy. At Tandemloop, employee engagement is focused. Employee engagement is carried out through extracurricular activities and festive celebrations.
Retaining the best talent requires efficient strategies and efforts. Unfortunately, there are several problems in recruiting. Some of them are limited time and the presence of surplus candidates than needed. But, following the above strategies will help you decide better about hiring.