How You Can Hire Right Candidates At Minimal Cost

How to hire right candidate
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Hiring the right candidate could be a daunting task as it involves a lot of procedures to be followed up. A complete hiring process consumes a lot of time as you will be required to first advertise, screen the profiles, follow up with a telephonic, written, and face-to-face round. The whole process takes a lot of time and money on the go.

Also, big companies follow a systematic procedure of recruitment (by either recruiting through third-party or advertising) which can’t be possible for start-ups and SMEs (as the budget is limited).

For any company, continuous hiring or retention could become tough and to lower that burden, we have made a list of the best techniques you can use for recruitment which can churn out more than half of your company’s cost:

Updating the career website on a regular basis can help in getting a lot many applications. Also, there are amazing ways where you can make the website more attractive (by design or by disclosing the perks). Many companies make the job posting by announcing free snacks and more. Well, you can as well tell the job seekers about the perks and best part of the company so that they get more interested about the job when they visit your website.

In a world where everything is just a click away, social media plays an important role. It is advised to make optimum usage of social media for job posting as well. LinkedIn is becoming popular and is the most used networks among professionals and posting a job advertisement on LinkedIn takes less than one minute. You can find many people commenting or visiting your site while you post the job on it – so leverage on it.

Alternatively, Facebook and Instagram attract a lot of passive job seekers. Just write the correct information and post it on your corporate page or your related groups. If can add little additional budget and can also make use of the paid services (it is not high expense for the company as there are ads which come at rates of 500 INR).

Communicate to your employees that you are aggressively looking for the right candidate. You can post on the notice board of your office or use intranet network to share the information.

A lot of start-ups and SMEs have adopted this technique which has killed half of the cost of the hiring processes. In internal hiring, employers usually see the potential in a candidate and offer him/her position in the form of a promotion. Later, the employee gets trained to become completely equipped with the required skills. so, try to find the best fit in your premises instead of looking out.

There are companies which follow an ‘employee referral’ option. This is the best way to motivate other employees as they will get awarded a compensation in lieu of referring the most deserving candidate. On the other hand, the company will benefit from it as well. This saves a lot of time on HR’s desk and helps the company to get better candidate (as the employee himself/herself will not introduce a wrong candidate to maintain his/her image).

There are many profiles which a company keeps on hold in order to get the best candidate. You can still get a hold on them and enquire if they are still available for the position. This can save the HR’s time spent in screening and processing.

Bottom Line

These are few points which can save a lot of unintended or unwanted expenses for the company. Following up and chasing the right candidate with the right approach always hold the top position, indeed. Connect with us in case if you find any difficulty in getting right talents or else if you would like to hire talents on third-party payroll.

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