Hire Twice As Fast, Double Employee Retention And Halve Costs. Impossible?
Find, hire and keep top talent when competition is fierce and skills are scarce.
The competition is fierce. A situation that’s further exacerbated by the talent shortage. A whopping "43% of Science, Technology, Engineering and Mathematics vacancies are hard to fill due to a shortage of applicants".
Businesses are leaning on recruitment agencies, job boards and social networks to fill the candidate funnel. This can be expensive and administrative but most critically it lacks the strategy required to beat aggressive rivals in a tight labor market.
Businesses need to do more
To find, hire and keep top talent, businesses need to do more. They need to:
- Elevate their appeal as an employer. Offer a proposition to candidates and employees that is compelling. It’s how a business can attract and retain great talent.
- Raise brand awareness. A business needs to spread the word. This storytelling is everything. It's how to gain attention from prospects who are unfamiliar with the organisation and compel them to engage.
- Find talent. Headhunting, talent sourcing and networking are all essential for packing out the candidate funnel. Casting the candidate net wide is the only way to guarantee netting a top catch.
- Assess candidates. Getting interviews right is mission critical. A single mis-hire costs a staggering 4 to 14 times base salary. Letting high performers slip past the radar is astonishingly harmful too. Did you know Netscape rejected Elon Musk's application for work in the 1990s? History is littered with famous rejections. Having the right assessment know-how will ensure a business hires well and levels up it's productivity.
- Build an engaging candidate experience. A business needs to purposefully shape perception. From the very first to the very last interaction, a candidate forms their impressions. Get this right and a business will hire like-minded, top talent who will enhance the culture and stick around even in the hardest of times.
- Streamline hiring processes. A growing business is a changing business. A recruitment operation needs to pivot with the moment, identify and remove blockers as they happen. It’s the secret to recruiting the finest minds fast.
- Manage and nurture hiring managers. Hiring managers are a business’s ambassadors and culture gatekeepers. They tell the organisation’s story and pick the next generation of employees. An organization needs to equip its culture sentinels with the best tools and practices to scale fast and harness a productive culture.
- Set new starts up for success. How a business allows the first days and months to unfold are all important. Managing onboarding and probation, is how a business gets its new starters to be productive sooner, perform to a higher level and stay for even longer.
- Retain the best people. Once a business has hired its top-notch team it needs to keep them. It's how to save cost and time.
- Conduct its hiring affairs lawfully. From data protection to discrimination, all businesses have moral and legal obligations. Mis-handled candidate data can land an eye watering fine of "€20 million (about £18 million) or 4% of annual global turnover – whichever is greater".1 An organization that knows how to operate compliantly can protect its reputation and financial health.
- Analyse and repeat. A business needs to continuously measure the performance of it's talent system and iterate to maximise performance and adapt to change.
I know it's a lot. And this is the tip of the iceberg. No wonder most companies don’t possess the strategic or tactical know-how to compete for the best and brightest, let alone the time and resources to do what’s required. But using agencies, advertising and networks will only take an organization so far.
There has to be a better way, surely?
My name is Nick Burden. I’m the founder of Headnetics. Our mission is to empower organizations with all the resources, strategy and inspiration needed to find, hire and keep exceptional talent.
With leading intellectual property, proprietary tools and expertise, Headnetics makes the transformation of a recruitment operation seamless, allowing a business to elevate its appeal as an employer and level up its hiring operation.
When businesses have decided to outsource the talent acqusition strategy to Headnetics, they doubled the pace of hiring, boosted the employee retention rate and cut costs. That means a business can level up and enjoy the rewards of success even sooner. It really is a no brainer for a business that’s growing fast.
"Nick successfully designed and built the end to end talent acquisition operation. The results are astounding. We now hire great people faster than we could have hoped for. His depth of knowledge of engineering and the hiring has proved to be instrumental in the company's success!"
We are here for you too.
If growth and productivity is a key organisational objective. You make 10s to 100s of hires every year. Your business needs the best Science, Technology, Engineering or Mathematics minds. And you need to make a step change, apply for a free consultation. Together we’ll gauge the growth and productivity potential.
When both parties decide to take things to the next level I will personally work with you, one-on-one, to help you reach your goals.
Get the talent acquisition strategy right and you give your business the chance of a lifetime. You can compete for the very best and bring them onboard to drive towards your mission.
People are everything, and so why not invest in getting the very best?
Apply for a free consultation on how to hire twice as fast, double employee retention and halve recruitment costs
