How do you outsource the recruiting
The top 7 tips for recruiting on a budget
Whether you're a start-up or an established company struggling with finances right now, recruiting on a budget is something every business owner will have to grapple with at some point.
Having a small budget for recruiting doesn't mean you can't hire quality staff. It just means that you need to be more creative and find cost effective ways to recruit. Based on our own years of experience and helping other companies recruit top talent, we've decided to share with you our 7 best tips for recruiting on a budget.
Tip # 1: have a plan
First and foremost, every company needs a recruiting plan. Especially companies that have a limited budget for recruiting. Without a structured plan, you will lose money on things that don't work without even realizing it.
Careful planning of the measures versus the expenses is imperative when recruiting on a limited budget. We suggest that you create a plan that includes the following:
- Recruiting channels (will you be using job boards, social media, paid ads, referral programs, etc.)
- Planned spend per channel
- Required places
- Well elaborated job descriptions
- Duration of each activity
- Structure of your talent pipelines or pools
- Interview process and questions
- Tests of skills or experience
- Salaries and compensation
The above points must be defined before starting any type of recruitment. In addition, you must also determine your entry process and training as well as the procedure for the discharge along with the exit interviews.
Tip # 2: Help from your current employees
If you already have a few people in your organization, don't be afraid to ask them for help. If that's not enough, create an employee referral program in which every employee receives a reward for recommending potential employees to you.
If done correctly, employee referral programs can be a great way to develop your current employees and attract new employees!
Tip # 3: Outsource Your Recruiting Efforts
Recruiting on a budget often means not being able to create your own in-house HR team. But don't worry, we have you under control!
For companies that cannot afford to invest in a permanent HR team, recruitment as a service (RaaS) is the optimal solution. In the years of successful recruiting for customers, we have succeeded in perfecting and optimizing our recruiting process. This enabled us to put together a pool of top-class talents and offer our customers quality positions without any problems.
The best thing about Recruiting-as-a-Service (RaaS) solutions is that your entire recruiting process is handled externally and impartially, leaving you with peace of mind and more free time to focus on more important aspects of your business.
Tip # 4: word of mouth
Being a good place to work and making sure your employees are happy can bring you a lot of benefits in the long run. Having happy employees means you can take advantage of free recruiting methods, such as simply word of mouth.
When your employees are satisfied, you can be sure that they will recommend your company when someone who suits you is looking for a job. This method costs absolutely nothing and has great results.
The lesson we learned: Always treat your employees well and make sure that they are happy with their income and that they match the company culture.
Tip # 5: focus on quality
In all our years of experience, no matter how much technology has changed the HR world, we have always seen one constant - quality over quantity!
When recruiting on a budget, it is extremely important to focus on recruiting the right people for the position rather than incurring additional costs that increase in proportion to employee turnover.
All in all, no matter what type of recruiting strategy you choose, “fire and hire” will always cost more money than hiring quality people.
Tip # 6: use recruiting software
Another powerful way to simplify and personalize your recruiting efforts at the same time is to use technology to your advantage.
Here at Marseco, we are proud of our cvmanager - application management software that can be implemented on your career page and gives you an overview of the entire recruiting process. Our cvmanager can automate your entire process, from categorizing applicants into groups based on their suitability to comparing resume data, video interviews, rejection management and much more.
A software like our cvmanager saves you time, money and additional staff in the long term. Contact us and we will try our best to meet your needs!
Tip # 7: Increase Your Online Presence
Nowadays, no matter what type of business you run, you need to have an online presence! Extremely important for any company to keep in mind, especially for those recruiting on a budget.
What does it mean to be present online? It means having a well-designed website with valuable content, having brand recognition in all the channels you use, being present on social media, etc. All in all, the question you need to ask yourself is, “What is thinking a potential candidate if he Googles my company? "
Your online presence can say a lot about your company culture and overall employee satisfaction. So make sure you present the right values and present your company and yourself as an employer in the best possible light. Make people work for you!
So how can you do that? Here are a few simple strategies that can help you position yourself as a great place to work in the marketplace:
- Share what your employees say on your website and on social networks.
- Offer a well-structured service package.
- Organize an employee of the month contest and share it on social media.
- Offer advancement opportunities and free training.
- Organize budget-friendly team building events and post how much fun you had on your social media profiles.
- Offer budget-friendly benefits like flexible working hours, an option to work from home, etc.
- Use LinkedIn groups and hashtags to get greater exposure.
Make a clear reference to everything you have to offer as an employer in all job descriptions so that you can make people aware of everything they would gain if they worked for you.
If you feel that you cannot handle this on your own, we also offer employer branding as part of our services. We'd love to boost your employer reputation in the marketplace.
We hope you find our "Top 7 Tips for Recruiting on a Budget" of help. If you have any other great ideas for recruiting on a budget, we look forward to hearing from you.
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