RECRUITING AND HIRING WINNERS Your success as a manager is often linked to how well you recruit and hire. Unfortunately, not all managers have complete control over the selection process, and some managers inherit the employees they oversee. At times, corporate or human resources policies make it difficult to hire the best candidates, or the best talent isn’t interested in the job. This leadership recruiting video will give you 11 recruiting tips that helped one company reduce their employee turnover by 3X.
Recruiters and managers need to understand good selection practices since, according to a Gallup poll, the best managers have the best people. A successful working relationship is a combination of good selection practices and strong employee development. Unfortunately, many managers use poor, outdated, inadvertently illegal, and sometimes harmful recruitment methods that put their companies at great risk.
Turnover is a pain, and if you are constantly training new employees, you regularly lose ground. Research shows that a $60,000-per-year salaried employee costs $55,000 to recruit and train (that’s 92% of one year’s salary). Those kinds of turnover costs can negatively impact the department or company. High turnover rates suggest that management is missing opportunities for better service, sales, quality, or profit.
This recruiting and hiring video will emphasize that hiring good people begins with a commitment to always be recruiting. I say recruiting is part of a manager's job. Consequently, it's not just the recruiters job. It takes teamwork. Also, if you only recruit when you need someone it takes longer to fill empty positions, and you may take shortcuts or make mistakes in your effort to get the job filled. The highly competitive job market is not going anywhere; there are not enough talented people to go around. As baby boomers retire, recruiting and hiring winners is even more crucial. Today’s generation of workers understand this and are making more demands. Companies are becoming more creative in their recruiting strategies with options such as the following.
• Blogging
• Recruiting bonuses
• Signing bonuses
• Flexible benefits
• Internships
• Educational programs
• Emphasizing work/life balance
• Hosting group events such as water rafting, skiing, or ropes courses.
Managers engaged in on-going recruiting can benefit from the following well-tested recruitment methods.
Networking – Talk to talented people through your normal networking channels. Keep a file and ask for recommendations.
Internal candidates – Keep in contact with people within your company; they can be good prospects.
Associations – Join professional associations in your areas of expertise to find new leads.
College campuses – Get on campus to find new talent.
Internet – Search online through the many different job-posting services.
Want ads – Tried and true, the newspaper is still a respectable source.
Job agencies – Recruiting is their expertise, and they charge about one-third of the new hire’s salary (employee or employer paid).
Public job service programs – Free programs that generate lesser quality leads.
Finally, some research suggests 80% of the job candidates you need will come through networking. Make this a high priority while you implement the other strategies in the management training.
Give this video a THUMBS UP IF YOU FIND VALUE, and make use of the resources below. THANK YOU!
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Rick Conlow, CEO/Founder, Rick Conlow International
Rick Conlow International is a business consulting and training company that coaches leaders to achieve record-breaking performances in sales growth, customer experience improvement, employee engagement and leadership effectiveness. It also has online resources to coach and train any and all managers to higher levels of success.
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