Future proofing your recruitment needs
At Teamfinder we work with businesses, not just on solving their short term recruitment needs, but also helping them to implement a long term recruitment strategies. We often find that businesses are to busy worrying about their immediate recruitment requirements, that they have not worked on a strategy to future proof their recruitment needs.
The benefits of implementing a recruitment strategy can range from providing you with a steady stream of job ready candidates, through to removing the panic and knee jerk reactions you may experience when one of your valued team members resigns. Understanding the benefits of future proofing your recruitment can ultimately provide you with peace of mind knowing that your business will be able to operate even with the disruption of staff turnover.
So what are some of the steps you can to implement a workable long term recruitment strategy to support your business.
Understand your retention rates
All businesses will experience resignations, it is the nature of all business, and as such it is critical to understand your retention rates. Are you able to accurately answer questions in regards to the number of resignations that you have per month, per business unit and what areas of the business have better retention rates than others? Going one step further do you understand the data and what it means? Understanding what this data means, ensures that you are in a position to plan for it more easily. Part of understanding your retention rates also come from conducting exit interviews with those team members who have chosen to leave. As uncomfortable or as difficult as it might be, taking the time to talk to team members who are leaving the business can provide invaluable feedback to help increase retention rates, and a positive work culture.
Having a revolving door of staff does not promote a stable workplace and as such working to understand and increase your retention rate will help you build a less disruptive environment.
In a recent client meeting we were discussing their recruitment needs for the coming months. Their business is one of constant flux and change, and as such I believe that a recruitment strategy that was flexible and dynamic is one that would benefit them most. My suggestion to them was to implement a constant recruitment plan, allowing them to meet candidates monthly to ensure that they met their business needs as well as allowing the business to tap into their candidate pool as and when was needed to ensure that they had ongoing business continuity.
An easy way for a business to create a candidate pool is to do so in by using a monthly meet and greet with candidates. Using your normal candidate searching processes invite the top 10 standout candidates to meet with you in a informal group setting, perhaps as a morning tea, where they can learn a little about the business, what is on offer, and the expectations of the role. In return you can interview and screen those that you believe would best suit your operation. In doing so you are creating a qualified candidate pool which you can then tap into when needed. The group session may take a couple of hours each month but planning for your recruitment needs in such a pro-active manner means that if you ever need staff you have already done the hard work and they are just a phone call away.
It can be expensive to advertise your vacant roles on platforms such as Seek, Indeed or Found. As such creating your own recruitment portal within your own business website can be a cost effective alternative. Doing so will allow prospective employees to apply for a role with you and allow you to build up a data base of candidates that you can tap into to interview and meet depending on what roles might be available.
Teamfinder can even help build your recruitment portal for you, if you would prefer to have a buffer between your company and the candidate applying. Either way creating a recruitment port for your business can help you to attract candidates on an ongoing basis throughout the year to support your continued business growth without the expense of having to pay for advertising.
People truly are the key to a successful business, and ensuring that you have the correct resourcing within your own company to cope with the work loads is critical. Taking the time to future proof your recruitment ensures that you can focus more on working on your business than in your business.
Dan Jones - Managing Partner Teamfinder
Like what you read? Subscribe to our mailing list to get great content sent directly to you:
Teamfinder is a Brisbane and Gold Coast recruitment company which connects great businesses with great candidates, we like to do things a little differently so we also offer comprehensive training packages, fixed rate recruitment, and most importantly we help save you time and money.
If you would like to know more about how Teamfinder can support your business with your next recruitment needs then get in touch with us either through our website at www.yourteamfinder.com via email at email@example.com or give us a call on 07 3268 2452