Recruitment strategies

Strategies for More Effective Middle-Market Recruitment

In Strategy Resources by Brandt A. HandleyLeave a Comment

Having an effective recruitment strategy in place that helps you reach out to top talents can be hard, and most recruitment processes can be time-consuming. What’s even more frustrating is when they fail to deliver a promising set of candidates.If you end up hiring the wrong candidate, then this can be a costly endeavor in itself. A poor recruitment process also increases the risk of losing a talented individual to a competitor. Read on for a discussion of effective recruitment strategies for middle-market companies.

1. Measure the ROI of Your Recruitment Methods

To develop a better recruitment process, you need to identify what’s wrong with your existing strategy. One way to do this is to measure the ROI of your recruitment methods. Most organizations will try and choose a recruitment method based on the number of candidates it generates, but a better approach would be to choose a method based on quality instead of quantity. For instance, suppose you opt for a job posting on a recruitment website. This will generate a large number of potential applicants. However, when you screen these applications, very few will make the cut. On the other hand, if you use a recruitment agency, then you are likely to get access to many high-quality candidates. This can help speed up the hiring process.

2. Offer a Bonus for Employee Referrals

Employee referrals are often touted as one of the best recruitment methods, and they can help you generate a large pool of applicants at very little cost. However, some extra motivation never hurt anyone, right? You can offer your employees a bonus if one of their referrals ishired. This can increase the number as well as the quality of referrals you receive.

3. Add More Filters to the Application Process

If your application process is too generic, then you are likely to spend a lot of time screening irrelevant applications. Many companies tend to use the same application process for different job roles, as well.Once again, this reduces the effectiveness of your recruitment strategy. 

To avoid this, make sure you develop an application process that is customized according to the position you’re offering. This will increase your success rate and help you find the right candidate much more quickly.

4. Use the Power of Content

You can write a compelling job description that will appeal to a high-quality candidate. This is a simple yet effective recruitment strategy that will boost the quality of your applicant pool. Most companies limit their job descriptions to listing the requirements of the job and their expectations. This approach can be very impersonal and will not appeal to a candidate that is looking to do meaningful work. The best candidates know how good they are and will prefer an organization that has something unique to offer. You need to sell the organization to such individuals if you want them to work for you.

Let’s Sum It Up

An effective recruitment strategy can go a long way in improving your hiring processes. It helps you work with top talents who can add tremendous value to your business. Here’s a quick recap of what you can do to improve your recruitment process:

  • Choose recruitment methods with a high ROI
  • Offer incentives to employees for making referrals
  • Develop a customized application process for different job roles 
  • Write powerful job descriptions

Need some help? Then pay a visit to Go4ROI. Our team can help you get in touch with highly qualified candidates that can take your business to new heights of success.

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