A fast-growing business means lots of hiring. It is essential for scaling businesses to get this right. A bad hire will cost money, time and directly impact business performance at a critical stage of growth.
Despite the importance of hiring the right candidates, hiring managers are placed under pressure by time and budget constraints. Hiring managers have a lot on their plate; managing internal growing pains, on-boarding new hires and sourcing the right candidates for a large amount of open roles. These challenges are exacerbated due to budget constraints. Scaling companies need to be adding revenue at a much greater rate than cost, so hiring costs need to be kept at a minimum which is hard when there are a lot of key hires to make.
The hiring process needs to be made as time and cost efficient as possible, so hiring managers can focus on making sure they hire the right candidates to support the company’s growth.
First: Take back control of the recruitment process.
Job boards will inundate hiring managers with CVs, many of which are not suitable for the role. Using recruitment agencies means handing the hiring decision over to an expensive third party who may not be familiar with the company or culture.
Not only are these methods inefficient in terms of time and cost, but at such a critical stage of growth, it’s important to maintain control over key business decisions. Hiring managers need to be smart in terms of the methods they use to ensure they can spend their time where it matters and find the right candidates.
In most cases, agencies use credit cards or insertion orders (IOs) to purchase ads on behalf of clients. And as a result, they immediately lose visibility across spending.
Second: Identify the skills needed and assess these skills at the point of hire.
Before beginning the hiring process refine the exact skill sets candidates need to do the job well. Once hiring teams have decided what skills are necessary for each role they can ensure their hiring process is best equipped to assess these skills and do a large amount of heavy lifting for them.
Integrating certain tools into the hiring process can filter candidates based on skills and pinpoint more suitable candidates for the job. For example, using Pymetrics to assess key cognitive abilities or using video interviews to help hiring managers assess a candidate’s soft skills. Using smarter tools will save time and reduce costs.
Third: Simplify the recruitment tools used.
Recruitment tools and platforms are a great way to streamline hiring decisions. But, using a multitude of tools that only address certain pain points will only lengthen and complicate the hiring process. Team members will have to log into multiple platforms and multiple tools will lead to additional costs.
Aim to simplify the tools you need to the bare minimum to get the hiring process done as efficiently as possible. By using end-to-end platforms, hiring teams can centralise all hiring demands in one place and ensure their time is spent more efficiently.
Hiring the right candidates in scaling companies is a critical business decision. Being time poor and constrained in terms of resources, hiring managers need to make sure their hiring processes are as smart and efficient as possible so they can spend time where it matters most – finding the right candidate for the job.
Make sure your hiring process can support your growth.
This article was written by Tempo. They believes that work should be an adventure and recruitment the most exciting thing companies do. We’re on a mission to make it happen. Tempo is an end-to-end hiring platform connecting tens of thousands of people to temp and perm non-technical roles with the fastest growing, most innovative companies in the world. Trusted by Monzo, Uber Eats, Bulb and Babylon Health.