5 Musts for Attracting High-Quality New Hires
Finding good talent is a crucial part of operating a business, and competition on the hiring side means your company needs to step up its game. Here are five musts for attracting top-quality new talent, courtesy of the Dunhill Staffing Systems.
Cover Housekeeping Essentials
Housekeeping in a business refers to the basics you need to operate legally and successfully. If you’ve just launched a company, these are the boxes you need to tick before scaling up and hiring a team. One example of housekeeping is establishing your business with your state and obtaining an employee ID number (EIN). An EIN allows your business (instead of you, personally) to open accounts and hire people.
Another example of housekeeping is understanding your local laws and regulations for businesses. When you’re hiring and managing employees, employment law and legal limitations apply. Especially if you plan to hire a mix of contractors and full-time workers, knowing the difference (and legal requirements for each) is crucial.
Support Your Team’s Career Goals
As much as employers would love to keep the same high-performing team for the life of the company, that doesn’t always happen. Yet there are ways to make your relationships with employees mutually beneficial, no matter how long they’re part of your team.
Establishing a clear roadmap for team members to achieve their goals while helping the company excel is the first step. You can offer them opportunities to grow with your business but also support them in building skills beneficial to other roles in the industry. When team members inevitably leave (though hopefully very few of them!), conduct well-planned exit interviews to garner insight into how you can improve.
Grow an Inclusive Culture
Inclusivity might be a popular buzzword these days, but there’s a reason for it. Inclusion refers to more than embracing diversity in the workplace. It’s about developing a culture that ranges across the hierarchy of the company and gives every team member a voice. Obviously, one way to help with that is to borrow a page from the marketing playbook by using stock video to present a clear, compelling message.
Effective communication is another important piece in your inclusion toolkit. Giving constructive feedback, getting to know your team members personally, and making expectations clear are all cornerstones of a solid workplace communication strategy.
Develop Internship Programs
Hiring people outright might seem like the simplest way to staff your organization. Yet internships remain wildly popular and can save you on both hiring costs and employee wages.
Though unpaid internships are less popular, paid internships can still be an affordable part of your recruitment process. If you find that an intern is a good fit after weeks or months of work, you can offer them a full-time job. Plus, you can do so with more confidence than if they merely aced an interview.
As Compare Camp notes, the retention rate for hires with internal internship experience is 71.4 percent. Hires without an internship (whether at that company or elsewhere) had a retention rate of 42.4 percent. While not every intern becomes a long-term employee, this may be a smart strategy for your company — and it’s beneficial for workers, too.
Address Pay Fairly
Finances are a big part of the job equation for employees. Even if you offer the most fun, engaging, and supportive workplace, too-low salaries will drag you down and make it impossible to retain good talent.
The solution is to balance your company’s needs (and finances) with talent market values. But it’s about more than just selecting a set salary amount organization-wide. BambooHR points out that recognizing individual contributions is just as important as offering fair compensation.
Then, communicating salary structures to your team ensures there are no grey areas when it comes to their earnings — whether current or potential.
In a competitive hiring environment, it’s difficult to attract talented workers for your business. These strategies can help ensure that your company is on the favorable side of the graph when it comes to both hiring and retention.
Dunhill Staffing Systems is a recognized leader in staffing and recruiting. If you have any questions, don’t hesitate to ask!
