There are several non-financial strategies to entice the top individuals, from establishing a diverse and inclusive culture to providing customised development training programmes.
Although it's sometimes said that money makes the world go round, many job hopefuls don't just look at income when deciding whether or not to accept a job offer.
Candidates are now seeking a wider range of benefits, as opposed to the popular perks that were once the sole focus of incentives, like stock options and mortgage allowances. We solicited the opinions of two of our experts on how to make sure that the hiring procedures you use are up to par.
1) Company Culture
If you execute this well, the following stage is to explain what you're doing to maintain the support of your staff. Establish your company's identity and work to make it an "employer of choice."
Both word-of-mouth and the recruitment sector are involved in this. You'd be surprised at how quickly word spreads that your company is the place to work if your internal culture and business model are sound. Also, don't assume that you must work in a glamorous, media-focused industry.
2) Data Driven Decisions
Hiring outstanding candidates need to be a data-driven process, regardless of whether you're using an ATS or not. There is a lot to measure in recruiting because you can't manage what you can't measure.
All of our recruitment strategies include data collection, reporting, and analysis, which will enable you to track your progress over time.
3) Refining Interview Process
Who are you going to designate to conduct the interview, presuming you've written and posted a really good advertisement and job description in the appropriate location—one that draws the right candidates who are inspired by what you have to say? It's remarkable how many businesses put time and effort into finding applicants only to squander it all on poorly qualified interviewers. I've witnessed it countless times: a sudden interview is scheduled, and the manager scrambles to find someone available.
4) Nice Job Boards
You must fish in areas where there are fish. In terms of recruitment, this entails searching in the appropriate locations for your ideal candidates.
Job boards that focus on a specific industry, subject matter, or set of skills are known as niche job boards. Although they receive less traffic than popular websites like Indeed or LinkedIn, you can fish for the exact fish you want on these smaller websites.