5 Ways to Cut Down Recruitment Costs by Using Your Current Team
When recruiting new talent for your business it’s important to keep your eye on the costs involved. Recruitment can be quite an expensive procedure when you take potential agency fees and advertising costs into account.
However, there are some great ways to attract new employees to your business by using your current team.
This can build up a great talent pool and make your employee’s feel valued. But most importantly… they are great advocates!
Below are 5 of the best ways you can use your employees to attract new staff : –
1. Recruit using social media
This is one of the best ways to cut down recruitment costs by using your current employees. Every organisation should have someone with a good grounding in social media and you can use this person to help recruit through your businesses social media channels.
Advertising for positions through Facebook and Twitter is now fairly common practice in business and for good reason. It enables you to target your core audience and recruit talent that’s relevant to your industry.
Get your team sharing job posts on channels like Twitter, Facebook, LinkedIn and Google+.
Ask them to make comments on your company pages about the culture and values of your organisation and why they like to work there.
2. Encourage staff referrals with rewards
There’s a good chance that when you’re hiring for a particular position, one of your current employees will already know someone who’s perfect for the job.
However, they might not be forthcoming with the suggestion unless you encourage it. You can reward staff for bringing in talented new employees through any means you see fit whether it’s cash, extra holiday time or anything else that will encourage staff referrals.
It is important to promote these schemes on a regular basis as people quickly forget they are in place. Also, make them worthwhile – it can save you a lot of time and money so reward people well.
3. Work to minimise turnover
It’s much easier to retain your current employees than recruit new ones. Of course, there are times when a departure is unavoidable but if you’re having a large number of employees leaving your company then you should look at what you can do to create a more appealing work environment.
Since your team are in your work environment day in day out, they’ll be able to offer invaluable insight into how things can be improved. Hold regular company meetings and find out what staff feel could be improved.
4. Do your research
One of the best ways to ensure you hire the right person for a position is to be clear on exactly what qualities and skills you’re looking for. Hiring the right person for the job will help you cut down recruitment costs significantly since it will eliminate the need to start the recruitment process again due to the hiring the wrong person.
Your team can help you with this as they’ll be able to advise you on the skills that are needed for a particular role. Getting the advice of someone in your organisation who’s previously occupied the position you’re hiring for is particularly useful.
5. Identify members of your team with a strong eye for talent
Each of your employees will have their own set of skills but when it comes to recruitment it’s particularly useful to seek the advice of someone with a strong eye for talent.
Not only will they be able to help you seek out suitable candidates for a position but they’ll also be able to help you narrow them down so the perfect person is hired.
Using a panel to interview can also help with this as you get a broader spectrum of opinions and you can take into consideration different views. This is particularly good if your turnover is high in the first 3-6 months as it may mean it is a recruiting issue.
For more tips and advice on Interviewing you may want to check out our Interviewing Skills, Styles and Questions Guide.