The hiring process can be very time-consuming, which is a big problem because time is money. Forming the best team you can is worth all of that time and money though, so long as you’re creating it correctly. If you want to complete various phases as quickly as possible in order to save money, these three tips can help.
Use Phone Interviews
In small office buildings, phone interviews can be quite helpful because they help small businesses save money in a strategic way. According to this article, “phone interviews have several pros and cons. The benefits of phone interviews are: it can happen whenever, wherever, lowers pressure and stress, you can use notes without interviewer noticing, flexible, and no time or expenses for travel. The disadvantages are: more difficult to connect or build rapport, can’t read body language, less time for nuanced communication.” In order to understand how this tactic works, you’ll have to understand what happens during a traditional interview situation.
During a normal hiring routine, many potential hires meet at a business’s location, and everyone waits in a room until it’s time for an interview. Candidates will want to feel welcomed when they wait in the holding area, so a gracious manager usually needs to make the space inviting. The process of accomplishing this requires funds because a great holding area needs snacks, décor, and a television. By conducting interviews over the phone, you won’t have to spend money in order to make a holding area appealing for your guests. Instead, you can focus on asking important questions about skills and qualifications.
Use Pre-Employment Assessments
According to this article, “testing to measure a candidate’s hard skills during your hiring process allows you to save time down the road by validating and ensuring your new hire has the skills that you want and need in your position.” You can test a candidate by discussing possible situations that could happen after the individual is hired. For example, if you run a retail business, discuss how the individual would handle consumer conflicts. The feedback that you get will help you determine whether or not the person is a great business asset. If you’re looking for a leader, you’ll need a candidate who understands how to interact with teammates when a consumer conflict affects everyone. Since time is money, you must always take notes during every assessment so that you’ll make smart choices long after the assessments are over and save time and money in the long run.
Increase Your Reach Using Social Media
In some cases, a few people that you hire will earn a promotion, and you’ll need to find replacements after this happens. A position shouldn’t stay vacant for a long time because this could harm your company financially. The fastest way to find replacements and save money is by taking advantage of the tools available on social media. According to this article, “in 2015 alone, 84% of job recruiters were using social media to seek out job candidates, almost a 30% increase from 2011 where 56% of recruiters were using social media. As the internet becomes more and more prevalent in our everyday lives, it now has an effect on if we land that job we want or not.” If you run a campaign, you can narrow down the results based on skill, location, hobbies, and more. These options will help you find the right candidates for an interview fairly quickly.
Hiring is something that every manager will tackle on many occasions, which is why money-saving strategies are helpful. If you conduct phone interviews, assess candidates, and use social media, frequent hiring situations won’t dramatically impact your bottom line.