https://lnkd.in/g-cdXyqU LinkedIN's peep into the future indicates the Quality of Hire as the most important metric to track for a successful recruitment program. For Mid and Small size companies, it is all the more important to track this as the single most important metric of success of their recruitment efforts. And, its easy to define for them. An easy equation to measure could be :: Quality of Hire Score =(Performance of the new hire in first 12 months X 0.5) X (improvement in capabilities of new hire's team X 0.015) X (Alignment of values with Co OR Cultural Fit X 0.25) X ( How long is the hire likely to stay X 0.2) A It is alarming that most Mid/Small firms settle for a 'reasonable' quality hire, rather than push the envelope to hire the top 25%. To hire the top 25% quality candidates, one needs to change the way one recruits. Growth trajectory and business outcomes of Smaller firms are so very dependent on the quality of new hire, a 'reasonable' hire has far reaching negative impact, that goes unnoticed. Some ways to hire from the top 25% pool are : 1. First know how the top 25% would work differently in the job role that you have 2. In the outreach, Describe the Job , NOT what the CANDIDATE should have 3. Increase your catchment area, increase the target talent pool 4. Understand the needs of prospect candidates, not describe the job 5. Source candidates through networks and email campaigns only. No job postings. 6. Involve the hiring manager in the entire cycle. They must do this if they want a hire from the top 25% .....if you need to know further more on this, leave a message, and we could connect back with you........
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5 Ways to Attract and Retain Top Talent 1. Catch their eye with recruitment software Modern recruiters have turned to technology to strategize their hiring process. Technological innovations grant HR the ability to balance day-to-day responsibilities and recruitment without sacrificing productivity in either. An applicant tracking system (ATS) is specifically designed to maximize the efficiency and success of the hiring process. 2. Transform dull job postings into dream job promotions A job posting is the first glimpse a candidate gets into your company, making the very first step in the hiring process the most important one. When your job postings fall short, so does the quality of your applicants. If you don’t maintain an attractive and accurate job description, potential talent starts looking elsewhere for better opportunities, leaving you with only a pool of unqualified applicants. 3. Streamline and simplify the process It’s no secret that a slow hiring process is a huge deterrent to talent. A 2017 CareerArc survey found that 69% of job seekers say that “response time” is the worst part of the hiring process. While waiting for a response, promising candidates might get antsy and start looking at other positions. The longer the hiring process, the further talent slips away into the claws of your competitors. 4. Job seekers are akin to consumers who actively seek out the most favorable job opportunities available in the market. Therefore, negative feedback from other candidates can deter potential talent from considering your company. Utilizing Applicant Tracking System (ATS) software can enhance the application process by automating candidate communication. 5. Despite the common belief, possessing talent alone does not guarantee a perfect match for your team. Sometimes, organizations prioritize raw talent to such an extent that they overlook the critical importance of engagement in shaping an exceptional employee.
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Why having a targeted niche in the recruitment industry is important: Specialized Knowledge and Expertise: >In-Depth Understanding: Focusing on a niche allows recruiters to develop a deep understanding of specific industries, roles, and market trends. This expertise makes them more effective in matching candidates with the right opportunities. >Credibility: Clients and candidates often prefer working with recruiters who are specialists in their field, as they are seen as more knowledgeable and reliable. Targeted Marketing and Branding: >Clear Value Proposition: A niche helps in defining a clear value proposition, making it easier to communicate the unique benefits of your services to potential clients and candidates. >Brand Recognition: Over time, a strong presence in a niche market can lead to better brand recognition and a reputation for excellence in that specific area. Higher Placement Success Rates: >Better Matches: With specialized knowledge, recruiters can better understand the specific skills and attributes required for roles within their niche, leading to more successful placements. >Long-Term Relationships: Successful placements foster long-term relationships with clients and candidates, leading to repeat business and referrals. Competitive Advantage: >Differentiation: In a crowded recruitment market, having a niche sets you apart from generalist recruiters, making it easier to attract clients who need specialized services. >Reduced Competition: Niche markets often have fewer competitors, allowing niche recruiters to dominate their segment more easily. Efficiency and Effectiveness: >Streamlined Processes: Specializing allows recruiters to streamline their processes and resources towards specific industries or roles, improving efficiency. >Focused Efforts: Recruiters can focus their efforts on building relationships and sourcing candidates within their niche, leading to better outcomes. Economic Benefits: >Higher Fees: Niche recruiters can often charge higher fees due to their specialized expertise and the value they provide. >Better Profit Margins: With higher placement success rates and potentially higher fees, niche recruiters can achieve better profit margins. Adaptability and Growth: >Easier Market Penetration: A niche focus can make it easier to penetrate new markets or expand within existing ones, as the specialized knowledge and reputation provide a strong foundation. >Scalability: Once established, a niche recruitment firm can scale its operations by expanding into adjacent niches or related industries. In summary, having a niche in the recruitment industry enhances a recruiter's ability to provide value, improves their market position, and contributes to sustainable business growth. It allows for better understanding and servicing of client and candidate needs, ultimately leading to a more successful and profitable recruitment practice.
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An Initiative & Strategic HR Professional Your Small Concerns Matters for us! Great leaders consider suggestions from anyone, at any level. Don't Follow me 😍 ..... ✍🏽
Here are some tips for Recruiters to improve their recruitment process: 👉🏽 Develop a strong employer brand: Create job posts that reflect your company. 👉🏽 Look for internal recruits: If you are not doing so already, consider recruiting internally. Promoting from within and encouraging lateral moves can help boost employee morale. Internal recruiting can also show that your company is interested in helping your employees advance in their careers, which can help with finding and keeping quality employees. 👉🏽 Utilize marketing strategies. 👉🏽 Simplify the application process: Once you attract high-quality potential applicants, try simplifying the application process. Reduce the length of the application process to five minutes or less and use one page for all sections of the application to increase completion rates. 👉🏽 Utilize outside resources. 👉🏽 Hire more recruiters: Sometimes, adding more recruiters to your team can help you reach more qualified candidates in a shorter time. Consider hiring more recruitment professionals if your company is growing and could benefit from more personal interactions with other new hires. Companies that believe that hiring is an investment in the future will attract the best candidates. 👉🏽 Use social media: Target talent on social media. 👉🏽 Explore niche job boards: Consider niche job boards. 👉🏽 Pay to boost job listings: Consider paying to boost job listings. 👉🏽 Engage passive candidates: Choose passive candidates to bring better results with a faster return on investment. 👉🏽 Write clear job descriptions: A well written job description ensures that hiring managers, recruiters, consultants and candidates understand exact job requirements and job responsibilities. 👉🏽 *lUse data-driven recruitment: Data-driven recruitment is a great way to scale up your hiring process. 👉🏽 Explore creative sourcing and recruitment options. 👉🏽 Create job posts that engage motivated workers. 👉🏽 Embrace social media Research competitors’ recruitment practices. 👉🏽 Increase brand awareness. 👉🏽 Set expectations and be respectful of time. 👉🏽 Streamline your recruitment process Include existing team members. 👉🏽 Offer prospective workers a firsthand glimpse into the company. 👉🏽 Employee referral programs: An employee referral program can quickly cut down on recruiting costs. According to studies, 75% of employers say that referrals provide the best recruiting ROI.
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DOES IT FEEL LIKE RECRUITMENT ISN'T GETTING ANY EASIER?? You ask for referrals from your network: but nothing... 👎 You spend to advertise the job: but frankly no-one has the time to screen 100 applicants, nor the expertise to spot that diamond in the rough... 🔎 💎 You ask your internal talent team to prioritise this role: they agree, but they're stretched prioritising erm, the other 25 roles... ⛔ You eventually go 'all in' and instruct 3 agencies with large databases (and a bias for bulk emailing) - but then a month passes and still nothing... 😤 BUT WHY? The problem is these are all 'spray & pray' tactics which put the onus on the employers to do the heavy lifting. This generally results in employers missing out on emerging talent completely, or hiring mismatched talent that just doesn’t perform. Don’t get me wrong it can work, but only really for volume hiring where skill is learned on the job. 🏋♂️ HOW DO WE PUT A STOP TO THIS CYCLICAL PAIN? Well, it can be quite simple really... ✅ 1) Approach a specialist recruitment agency which REALLY gets your space AND has a systematic approach to head-hunting talent both 'on' and 'off-market' 🧠 ✅ 2) Ask for an extended rebate period as a sort of guarantee 🤸♂️ ✅ 3) Finally, get references from a few of their current clients and settle for nothing less than glowing! 😇 And then, run this alongside your internal efforts from day one, not at the end. You’ve heard of Diagonal recruitment, right? 😘 Get in touch for a consultation if you're hiring, or planning to hire, and want to de-risk costly bad hiring practices and start to hire amazing talent, again.
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Keynote Speaker | TEDx Presenter | Happiness Author | Nonprofit Consultant | Executive Search | Board Governance | Strategic Planning
Why I changed by Mind about Using Recruiting Software and How It Can Benefit You! Hiring the best person requires a strategic approach, access to a wide talent pool, and efficient tools to streamline the process. I acquired talent sourcing software this yar and it has greatly improved the diversity of the applicant pool and connected me to passive talent who weren’t looking but were then hired for the positions! For many nonprofits, hiring a recruiter can be beyond their budget. However, connect with me if you’re interested in me assisting with promoting your position. I’ll get the applicants and you can do the rest! Here are the key benefits of sourcing software owned by professional recruiters for talent acquisition: -Expanded Reach: Professional recruiters invest in advanced sourcing software that goes beyond traditional platforms. Their tools help cast a wider net, reaching passive candidates, and tapping into niche talent communities. -Time and Cost Efficiency: Time is of the essence when it comes to hiring. With the right software, recruiters can automate various parts of the hiring process, such as resume screening, candidate tracking, and interview scheduling. This not only accelerates the hiring process but also reduces the cost-per-hire, enabling your organization to make swift and cost-effective decisions. -Data-Driven Decision Making: The best recruitment software empowers professional recruiters to analyze vast amounts of data to identify trends and patterns in candidate sourcing and selection. This data-driven approach ensures that the hiring decisions are based on objective insights, mitigating bias and increasing the chances of finding the ideal candidate match. -Focus on Diversity: I selected my sourcing software, specifically because of it’s functionality in recruiting women and minorities!! For many nonprofits, hiring a recruiter can be beyond their budget. However, connect with me if you’re interested in me assisting with promoting your position. I’ll get the applicants and you can do the rest!
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Looking at your recruitment budget for 2024, you’re probably wondering how you’re supposed to reach, engage, and hire great talent with so few dollars. Although it may seem like a daunting task, there are a few things you can do. Our blog post explains. #hiring #recruitment #ROI
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Looking at your recruitment budget for 2024, you’re probably wondering how you’re supposed to reach, engage, and hire great talent with so few dollars. Although it may seem like a daunting task, there are a few things you can do. Our blog post explains. #hiring #recruitment #ROI
ROI-Driven Recruitment: Making Every Dollar Count in 2024
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Key Account Manager | Enterprise Account Executive | Strategic Account Management | Recruitment Marketing | Talent Acquisition Software | Business Development | Stakeholder Management | Partnership Building
Looking at your recruitment budget for 2024, you’re probably wondering how you’re supposed to reach, engage, and hire great talent with so few dollars. Although it may seem like a daunting task, there are a few things you can do. Our blog post explains. #hiring #recruitment #ROI
ROI-Driven Recruitment: Making Every Dollar Count in 2024
hiring.monster.com
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Experienced Enterprise Account Manager | Expert in Client Experience & Recruitment Technology Solutions | Talent Acquisition Advisor | Specializing in New Business Development & Revenue Growth |
Looking at your recruitment budget for 2024, you’re probably wondering how you’re supposed to reach, engage, and hire great talent with so few dollars. Although it may seem like a daunting task, there are a few things you can do. Our blog post explains. #hiring #recruitment #ROI
ROI-Driven Recruitment: Making Every Dollar Count in 2024
hiring.monster.com
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