Businesses are created by people. A characteristic of a successful business is one that manages to find, hire, and retain the best professionals who make it possible for companies to achieve their goals.
But how do you find the right person for your team? How to motivate them to accept your offer? What are the typical roadblocks? Let’s figure it out.
The thing is that companies varying in size employ different hiring strategies. That’s why we will look at the best approaches for winning the best talent, no matter if you’re a start-up, small or medium-sized business, or enterprise.
Typically, start-ups have limited resources and, at the same time, a highly competitive environment with a low level of trust and awareness from customers. In this case, the flow of applicants is close to zero.
Start-ups seeking proactive, purposeful people who are inclined to self-motivation, are result-oriented, and know how to take risks should try the following tactics:
At this stage, the company already has a list of clients and the market is partially aware of the services or products that the organization has to offer.
But the flow of candidates is still quite low — 1-2 per vacancy.
Small businesses need competent employees with the ability to achieve goals without burning too many resources, generate new and creative ideas, are flexible, versatile, and able to convince others with their demonstrations.
What to offer:
A medium-sized company is entering the stage of forming its sustainable brand as an employer and producer of services or products. Usually, there is an already well-organized structure and more or less established business processes.
Such companies have already defined their values and goals, and new employees have to adapt to the company’s rules. The candidates have to be experienced enough in accordance with the specifics of your company.
What to offer to applicants?
Large businesses have (or at least should have) a balanced organizational structure, clear and well-established business processes. Enterprises have defined their long-term strategies, mission, and values.
A company at this stage is less flexible and needs more employees that are ready to adapt to company rules and support already established processes and practices. These should be people experienced in your field with high soft and professional skills.
But how to win over these types of candidates?
Remember that every candidate will expect to work in a warm, friendly atmosphere and have at least a partially flexible working schedule — COVID-19 dictates new requirements.
Congrats, you've hired a specialist. What to do next? Identify potential risks that can trigger employee turnover and mitigate them quickly.
In order to avoid this, try to meet regularly with people to find out what is working well and what needs to be improved. When employees see reactions, changes, and improvements after these meetings, they feel their work is valued because their opinion matters.
Don’t forget to provide feedback. This is not about an annual performance review, but more about relevant feedback whenever needed. Sometimes people leave without even knowing that the manager really values their work.
Provide fair wages. Make sure that salaries are based on the employee's real performance and attitude towards their work (loyalty, innovation, willingness to help, discipline, and willingness to share knowledge with colleagues) while also remaining in line with market salary statistics.
And of course, onboarding matters. Providing employees with the right equipment, tools, and information they need to get started quickly is one of the key elements to successful integration in your company.
It is important for you, as for an employer, to use the right methods to attract employees because this is what will significantly save your time, costs, resources, and help you to find loyal and experienced people.
In order to retain them — communicate and keep your promises. Personal communication with people, learning about their hobbies and life outside the company may help you better understand their good and bad days at work. Maintaining fairness when paying salaries and providing benefits makes people confident in the future and more focused on their work.
Remember, employees not only stay in companies where they are paid but where they are heard.
Get exclusive strategies and access to premium talent delivered straight to your inbox.