It’s quite a difficult task to find talented and suitable candidates for open job roles in an organization. Hiring managers are more focused than ever on hiring talented employees for their companies.
However, 42% of hiring managers worry that they might not be able to find the talent that they need.
On average, hiring professionals spend 13 hours of their work weeks to source new candidates for a single role. In fact, some of them spend more than 20 hours on this activity.
More than 70% of CEOs worry about the availability of key proficiencies and abilities. Why? Because 75% of them believe that adaptable and talented applicants are important for the success of a business.
The above data gives you an idea of how challenging it is to hire a talented candidate. Let’s take a look at some easy, time-saving, and effective strategies to hire new candidates.
1.Set Up an Employee Referral System
When it comes to finding new talent, your employee networks can be great sources to rely on. You can introduce a referral program and ask your employees to refer new talent from their networks.
Did you know, on average, a company spends more than $4,000 per-hire? However, by using an employee referral program, companies can cut down the costs and save $3,000 for every hire.
Also, this effective strategy is known to expand a company’s talent pool by 10X. So, go ahead and implement this tactic to witness amazing results.
2. Leverage Social Media Platforms to Hire New Talent
Many companies have taken to social media to find new employees. Rather than spending money on traditional ads, 81% of companies prefer to invest in social media for recruiting.
The same study revealed that 88% of candidates are willing to invest in social media platforms to build their presence.
Also, on average, hiring managers scan more than 7 social platforms to source or recruit candidates. So, if you’re still not using social media platforms for recruitment, you might be missing out on a lot.
3. Engage with Your Potential Employees
You need to engage with your potential employees and provide them with a great candidate experience. This will minimize your time-to-hire and speed up the recruitment process.
A great candidate experience creates and sustains enthusiasm in the candidate for the position and the company. It also indicates the company’s desire to get the candidate on board. But if your recruiting process is too long, you may drive your potential candidate to your competitor.
In addition, when these candidates spread a positive word about your company, you’re likely to attract more candidates. This can greatly reduce your time-to-hire in the long run.
For more information on how to minimize your time-to-hire, check out the infographic below.