Recruiting new talent is an expensive proposition, so you will want to make sure you are maximizing the return on your investment. But what does that mean in practical terms? Here are some tips to help HR professionals maximize recruitment ROI.
Make It Virtual
Bringing everyone into your office repeatedly can be costly. Whether you’re hiring for a remote or in-person role, there is no reason to invite candidates to your office until the end of the process. Use an automated software solution to screen digitally-submitted resumes. Ask your initial qualifying questions by email and utilize online assessments, if needed.
When you’re ready to conduct your first round of interviews, consider holding them virtually. With some basic equipment that most companies likely already have on hand, you can interview candidates with no need to bring them into the office. You can always hold your final round of interviews in person if you like, once you’ve narrowed the field.
Leverage Data Analytics
Collect data through every stage of your hiring process, on every candidate you screen. From basic demographics to reasons for accepting (or not accepting) an offer, you can get a surprising amount of information about the entire hiring journey. Using sophisticated artificial intelligence and data analytics tools, you can leverage this data to refine your processes and boost your recruitment ROI.
Refine Your Employer Brand
Who are you as a company and as an employer? What’s your unique value proposition? That is, what do you uniquely offer your employees that other companies do not? Why should someone come to work for you rather than one of your competitors?
The more you can refine your employer brand, the better your job descriptions will be. And this will help you weed out applicants who are not the right fit early on. It will also help you attract top-tier candidates who would be a true asset to your company.
Work with a Staffing Firm
One of the easiest and most effective ways to maximize your recruitment ROI is to partner with a staffing firm. We save companies both time and money by doing the heavy lifting. We know how to position your organization to attract the candidates you want. We’re experts at screening applicants, allowing us to present you with a shortlist from which to choose. And we’re good at matchmaking—finding just the right fit between candidate and company.
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