It’s been said over and over again that employees are a company’s greatest asset. Logically, if employees are so important and every single employee that’s added to a company gets there through the hiring process, it only makes sense that a company’s hiring process is critical to its success or failure. The following are a few ways in which hiring can impact your company that may help you to identify key factors and perhaps alter your processes.
Hiring Unqualified People Costs Money
Unqualified people need more training than qualified people before they can add value to your company. This may seem obvious, but some candidates have education and experience and still fall short when it comes to the actual qualifications they will need to work for your particular company. Gearing application questions and applicant tracking system (ATS) software filters can help you to avoid hiring unqualified people.
The Quality of Hire Impacts Retention
Hiring quickly to fill a spot is never ideal, but can really set you up for failure when turnover skyrockets. Retaining employees saves you money and helps to ensure adequate customer service. Sometimes taking just a little extra time and spending a little extra money on sourcing and hiring can help to save you more money when you hire great employees and retain them for years.
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Employees’ Personalities Can Affect Company Image
As far as your customers are concerned, the employees that they interact with are the face of your company. Employees are responsible for making decisions regarding interactions with customers, ascertaining the best way to handle tasks, and many other activities that can directly set your company up for success or failure each day. Making sure that employees have the personality it takes to represent your company the way you want before you hire them is extremely important.
Goal Alignment Is a Factor
Every person is motivated by different factors and has different goals. Even though employees’ goals may not be exactly the same, it’s possible to take the time to understand the underlying consistencies and make sure that a candidate’s goals are in alignment with an organization’s goals. A candidate whose goals include career advancement may be in better alignment with goals of organizational growth than a candidate whose goals include finishing a degree and moving into a different field.
Company Culture Is a Side Effect
Company culture is created by employees, so it makes sense that company culture is a side effect of the hiring process. Assessing culture fit through targeted questions, references, and realistic job previews can help you to determine whether an employee will be a great addition to your team or not. Once an employee has been added to the mix, it can be very difficult to change the atmosphere of the organization, so it’s important to consider this factor ahead of time.
Hiring can ultimately lead to the success or failure of a company, so strategic hiring is often viewed as an important tool. ATS software can be helpful in many areas of the hiring process, so consider implementing a solution that fits your needs if you don’t have one in place already.