How much does it cost to hire new employees? That’s the question when you have vacancies to fill; you need to follow the right process, and getting the right people in the right roles can catapult your business, allowing you to achieve more and better results. But how do you weed out the not-so-great employees and find only the right talent to hire? It’s a crucial task that requires determination and focus, but with the right strategies, it’s a goal that can be achieved.
These days, it’s not enough to hire on talent alone, and in a fierce job market, the cost of taking on new employees averages around 40% of their base pay; recruiting the wrong people is an expensive mistake to make.
However, you are not alone in this fight to assemble the perfect team and elevate your business; fortunately, there is a wealth of technology available to help you overcome recruitment challenges and build the right team for your business. Let’s take a look at some essential recruitment online tools you use to your advantage.
ATS
An ATS, or Applicant Tracking System, is a powerful tool that can alleviate the burden of the hiring process. Modern ATS are about more than simply just tracking CVs; it can also screen candidates, post vacancies, manage emails, and more. By implementing an ATS, you can significantly reduce the time and effort spent on administrative tasks, improve the quality of your hires, and enhance the candidate experience. If you have a spot that needs filling within your company, then enabling an ATS can be a game-changer, providing you with the confidence that you’re making the right hiring decisions.
Psychometric Testing
While your ATS can do a remarkable job of selecting applicants with the relevant skills and experience, it cannot reveal what a person is like or give a sense of their real-life skills, soft skills, or who they are as a person. And let’s be honest, no one is 100% truthful on their CV. This is where psychometric tests come into play in the hiring process. These tests allow you to get a better understanding of people’s emotional intelligence, personality, and aptitude via a questionnaire based on both scientific and psychological results. By comparing the results of applicants with the results of tests from current employees, you can use the data to determine how well people will be able to work together and what you can expect if they join your team.
Social Media
Social media accounts can be a highly effective tool not only for sourcing talent for your company but also for gauging who they are and whether they’ll be a good fit or not.
You can use your social media account to highlight your company’s culture and values, matching people with the skills you need and who are interested in working for your company, which means you are actively drawing the right people to you. You can use your social media accounts to share any vacancies you have to widen your applicant pool and reach people more easily, and you can use LinkedIn to overview people’s experiences and qualifications to connect with them and alert them to the fact you’re hiring, or you’re interested in recruiting them.
