All Aboard the Recruitment Bus: Hiring for Excellence

As Jim Collins said, "If you have the wrong people on the bus, nothing else matters." Recruitment is about finding the perfect match to drive your company's success. Let's dive into "Recruitment: Hiring for Excellence."

Download our Recruitment Playbook.

Register for our webinar:

Thurs, June 27, 2024
12-1pm MST

The High Cost of a Bad Hire

A bad hire can cost up to 30-40% of their annual salary due to recruitment expenses, training, severance pay, and lost productivity. Beyond finances, it disrupts team dynamics and lowers morale.

Recruitment is strategic, requiring careful planning. In Canada, it takes about 59 days to fill a position. Here's a streamlined process:

1. Defining Job Roles and Requirements: Outline responsibilities, skills, and qualifications.

2. Creating Job Descriptions and Ads: Craft compelling descriptions and ads.

3. Screening and Selection: Thoroughly screen to find the best candidates.

4. Making the Offer: Ensure competitive offers aligned with industry standards.

Define Your Corporate Culture

Your corporate culture is your company's DNA. Ensure it's well-defined and attracts candidates who resonate with your values.

What sets your company apart? Highlight unique aspects like flexible hours, growth opportunities, and a supportive environment.

Encourage employees to share their experiences on platforms like Glassdoor and Indeed to enhance your employer brand.

Internal vs. External Hiring

Internal Hiring: Boosts morale and retention, and is cost-effective.

External Hiring: Brings in new skills and perspectives. Ensure a seamless onboarding process.

Sourcing Channels

Leverage LinkedIn, job boards, and target new graduates. A strong employer brand on social media influences candidates' decisions.

Resume Screening

Quickly sort resumes into "Yes," "No," and "Maybe" piles using predetermined criteria and platforms like LinkedIn or Indeed.

Conduct pre-interview screenings and schedule thorough formal interviews, both remote and face-to-face. Use a rubric for consistent evaluation.

Verify credentials and ensure candidates are a good fit by speaking to previous employers.

Diverse teams bring varied perspectives, leading to better problem-solving and innovation. Companies with diverse executive teams outperform their peers by 21% in profitability.

Promote inclusivity from the hiring stage onwards. Support Employee Resource Groups (ERGs) and set clear diversity goals.

Commitment to Hiring Excellence

Hiring the right people is crucial. By following these strategies, you can enhance your recruitment process and build a strong, cohesive team. Commit to continuous learning and strive for excellence in every aspect of recruitment. Let's ensure the right people are on the bus, driving your company towards success!