You can really learn a lot about the costs that are involved with hiring new employees from the start of the process through the finishing of it. It all comes down to money because you are using company resources of all kinds. There is a time component that needs to be remembered, and you can put a drain on resources when the process takes longer than expected. People tend to get suspicious whenever it seems that the wrong person was hired to do a job. Some serious soul searching is needed if your business is experiencing a higher than average turnover rate in employees. Employees aren’t always the ones to blame for this but it’s also common for business owners and managers to not want to look very closely at themselves.
The more your hiring process is standardized and consistent, the better the overall execution will be. There are, of course, other benefits like helping to make sure that you hire the proper people. Successfully hiring employees is dependent upon a number of factors including but you need to be able to figure out the best way to put them to work. Pretty much all of the bigger corporations have these kinds of professional processes already. There are few small businesses that do, though, perhaps because they don’t want to spend the money on it. What you need to remind yourself is that this sort of expense can only be helpful to your ROI later.
When you are part of the team that brings in new employees, here are a few things that you need to keep in mind. Some businesses are not willing to pay for top talent. This is usually because they think the best way to save money is to not get into a situation for playing large salaries. But if a person is truly all that they claim to be, they will help you make so much more than you will have to pay them. The best employees will build your business in ways that you have no ways of anticipating. Some of these benefits will seem intangible such as others around that person raising their games.
Yesterday’s hiring process doesn’t deliver the kind of results you’d like to see in your forward thinking business. Each person, and especially your company staff, bring very little objectivity to the process. They’re often too set in their ways to contribute anything positive. It’s a completely subjective process. There’s just too much room for bias and that doesn’t work in the company’s favor. If you use multiple processes, you’ll have a much better chance of hiring the best smoothly. Don’t try to rely just on the interviews with only a few numbers in them. This is where major judgment errors can happen that you need to avoid.