The heart of every business is its employees. They are the source of growth for every company and the reason why they still stand today. Unfortunately, however, the recruitment department is also one of the most problematic areas of every company.
Employment is an essential part of everyone’s life. It is also vital for the economy. The US’ employment rate remains high, with projected estimates reaching 153 million Americans being employed this year. That’s a lot of people entering the job market despite the pandemic. But this is the main reason why recruitment is so competitive.
A high employment rate doesn’t mean that you’ll have employees knocking right in front of your door. This can mean the opposite, as most employees will go to the most prominent companies like Google and Amazon. Having a high salary doesn’t also mean that you’ll have more chances to recruit somebody.
Having a Competitive Salary
Salary is one of the most heated debates when it comes to recruitment. However, it does see some results, as many companies out there that provide above-average salaries tend to have more choices when it comes to employees, but not a whole lot.
High pay is excellent, especially for marketing. Many people who see your post in the job market will undoubtedly tell their friends and loved ones qualified for the job. They will ask you to at least try out your company because of its high pay. But other people will avoid your company entirely, knowing that the above-average salary rate means that you won’t offer as many bonuses.
Some preferences exist out there in the job market. However, having an above-average salary will certainly make most of your employees stay. So, even though having a competitive salary on the market won’t get you the most recruits, it’s still worth doing because this will make high-quality workers stay in your company.
Experts believe that one of the best ways to get more applicants is by streamlining your recruitment process. A company that can do faster interviews, onboarding, and feedback will talk of many applicants in every industry. This will lead to more people applying for your company.
If there is one thing that every applicant wants, it’s faster feedback. Many applicants want to know whether if they move into the next part of the employment process or not. They want to know whether if they can get the job or not. No one wants to be waiting for weeks before being informed that they didn’t get the job. That leads to a lot of anxiety on the applicant’s part.
One way you can streamline the recruitment process for your company is by utilizing tools and software that can help you schedule all sorts of applicants with minimal hassle. You should invest in job interview scheduling software if you want this to happen. This releases a lot of stress from your recruitment department and gives them extra time to work on other essential tasks such as onboarding.
Another way you can streamline your company’s recruitment process is by removing some tedious tasks from the process. For example, consider doing only one interview or two interviews or having the first interview happen directly after the employee gives the necessary files. By removing tedious tasks from the process, you open up time to do other important tasks and decrease the time needed to give feedback to the applicant.
Keep in Contact With Applicants
This is a simple way to keep applicants interested in your company. Just like what we have explained earlier, many applicants enjoy fast feedback. But if you can’t afford to do this, keeping in contact with potential employees will also have the same results.
To do this, you can invest in auto-generated email software to inform applicants that your company is still interested in them. You can also send personal emails regarding their application state and that they should wait for a bit longer as they are being processed. This will make a difference in getting and keeping more applicants for your company.
Lastly, having or starting a referral program will increase the number of applicants you will receive every year. This doesn’t even have to be the most robust referral program ever.
Many small businesses are afraid of starting a referral program because they think it will cost their company thousands of dollars every year. However, referral programs don’t need to be paid in cash. Instead, they can be paid through gift cards, products, and what you can afford as a company. Think of it more as an incentive than a reward for someone to refer an applicant to your company. It’s much cheaper than having to invest in an agency, that’s for sure.
By following these suggestions, you can increase the number of applicants joining your company while increasing your hires’ quality. This is essential if you want to grow your company in the future.