As successful, growing businesses, the pressure to reduce costs and maximize profits is very real. While there are certainly many opportunities to reduce costs within an organization, the recruiting function is often one that receives scrutiny from leadership.
Here’s the good news: You can reduce your recruiting costs and still attract top talent!
You don’t have to sacrifice quality to reduce your recruiting costs, but you do have to focus on making the right changes. Here are three steps smart organizations are taking to improve their recruiting efforts and ultimately, to reduce recruiting costs.
- Write better job descriptions. Job descriptions that are poorly written, unclear or lack critical details can result in hundreds — if not thousands — of unqualified or inappropriate resumes landing on your desk. Sifting through those resumes can take many hours of manpower, and can result in passing by a potential superstar too quickly.Avoid getting bogged down with administrative costs due to poor job descriptions. We previously highlighting some essentials for writing job descriptions that deliver – start with this advice and you’ll be on the right path.
- Build a strong referral program. One of the best places to find great talent is by talking to the great talent you already know – your employees! Establishing and promoting a strong employee referral program can significantly reduce the time and cost investment needed to recruit for some key positions.Successful referral programs don’t necessarily require massive payouts. Start with a few hundred dollars for new hires after they complete their first 90 days of service. As a bonus, establishing an employee referral program can help you assess your company culture. Consistent, strong referrals are often indicative of a strong culture. Poor referrals (or none at all) can signify the opposite.
- Partner with a staffing firm. The quickest and easiest way to immediately reduce your recruiting costs is to partner with a staffing firm. From writing and posting job descriptions to reviewing resumes and conducting interviews, the right recruiting partner can dramatically reduce your recruiting costs.In addition to “literal” costs, partnering with a staffing firm frees your staff to focus on more mission-critical tasks. You’re more likely to make better, stronger hires (resulting in higher retention rates), your team is likely to be happier and your hiring process can be significantly decreased, resulting in the attraction and hiring of better candidates.
Helpmates has been partnering with top organizations across Southern California for more than 40 years. We are at the forefront of the recruiting industry and we can help you reduce your recruiting costs while gaining access to an exceptional network of top talent. Contact your nearest Helpmates office to learn more about our staffing solutions and how we can help you reduce recruiting costs.
