Three reasons why you’re wasting money on your recruitment processes

If your business is growing and you’ve got more customers and clients coming through your doors, then you might be thinking about recruiting more staff during 2016.  Of course, this can often be great news and a real indicator that you’re heading in the right direction.

But whether you’re completely new to the world of recruiting staff, or you’ve got masses of experience, you need to recognise that there are some costly mistakes that you need to make every effort to avoid.  Even seasoned recruiters aren’t immune to wasting cash when it comes to appointing new team members.

Your budget is extremely important and we want to help you to ensure that you get the most out of it  Here, we’re going to take a look at three reasons why you could be spending too much money on recruitment.

  1. You’re looking for talent in all the wrong places

When we think about advertising vacancies, there are a few options that often seem like no-brainers.  Perhaps you’ve got the local newspaper on your list, or even the nearby JobCentre.  These can be great places to start in certain circumstances but this doesn’t necessarily mean that they’re right for your business.

Imagine for a second that you’re looking for a highly experienced individual from a very specific background.  What publications will this person typically read?  Which radio and podcast shows will they listen to?  Which events will always have a place on their agenda?  Once you establish where they are, you can make steps towards putting your vacancies in front of them in a compelling way.  This is the only strategy that will ensure the best return on your investment.

  1. Your systems are outdated

You’re fully aware that we’re living in a thoroughly modern age and you have a wealth of gigantic opportunities right at your fingertips.  Your marketing department is no doubt tapping into this so if your HR and recruitment practices aren’t keeping up, then you need to ask yourself why.

Perhaps at the moment, you ask your candidates to travel to your office at each stage of the recruitment process.  It’s time consuming for everyone involved and there’s often a hefty bill that needs to be covered.  But is it really even necessary?  You could hold initial interviews via webcam and save yourself a whole load of time and hassle.  Often, candidates will appreciate this approach.  Their time is precious, and it’s important to recognise that.

  1. You’re recruiting the wrong people

Often, when business leaders think about how to improve their recruitment processes, they neglect to think about the bigger picture.  Maybe your interviews have gone swimmingly and you have your new recruit ready to start on Monday but have you stopped to think about whether they’re truly the best person for the job?  If not, then your costs could spiral out of control.

Getting a new starter into the role isn’t the end game here.  It’s only the very beginning.  Think about whether your employee is likely to stay.  Have they been given a realistic view of what the role entails?  Do they really have the necessary skills and competencies?  Are they honestly a great fit for your business?  Answering these questions isn’t easy but it’s a necessity.  And the hardest part of all is that you need to give them some consideration before you’ve even made your choice.

To find the right person for your business, you’re going to have to spend some cash.  That’s inevitable and it can be a very wise investment for the future of your operations.  But get it wrong and it could be something that proves to have far-reaching consequences.

Take your time, plan your approach and make sure that you’re not trying to manage everything on your own.

We can help you to find the best person for the job, in a realistic timeframe and on budget.  Give us a call today for an initial chat.

Rachel Wade, Senior HR Consultant, Opt HR Limited, rachelwade@opthr.co.uk, 024 7627 2908

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