Recruitment is a big project that requires understanding of job requirements and budgets for an organisation to sustain business as well as grow. From sourcing candidates to shortlisting,to interviews, and the hiring process, recruitment is responsible for retaining the employee in an indirect way. In order to reduce the recruitment buget and HR time within an organisation, the most essential task is to retain the present talent pool. What can a company do to reach this conclusion? Following are some basic things to remember when hiring:
1. Recruit by Understanding the Job Description
If HR personnel has a clear understanding about what the organisation is looking for in a particular role, they’ll be able to find a suitable match. Make sure whoever is sourcing candidates understand exactly what type of roles they’re trying to fill.
2. Recruit Dependable Employees
When searching to fill a position, make sure that the shortlisted candidates are dependable and have a decent history of work. If a person has been hopping jobs without being in a company for more than a year, it is better to find out a genuine reason for it. Make sure you check references and find out exactly how dependable the person really is.
3. Recruit Knowledge Workers Who are Willing to Learn
Understand that today’s employees are knowledge workers who gain and share knowledge and use it to make a living. This knowledge is very valuable so it needs to be put to good use for employee satisfaction. If you recruit candidates who are willing to learn and grow within your organisation, they can accept more challenges, grow and help the business grow as well. It becomes the ultimate way to retain employees.
4.Retain Employees as Intellectual Assets
Employees are not just resources but intellectual assets of a company. Make sure your retention programmes communicate the fact that they are valuable and that they have a clear picture of his or her growth plan. Having rewards and incentives for their intellectual growth will also assist in building up employee satisfaction.
5. Incentivise Performance
The process of salary increment on the basis of performance and time spent in the company should also be discussed in the beginning of the recruitment process such as the interviews and also during the induction process. When they do perform well, they should be immediately rewarded and the incentive programme should be executive. Not being able hold up the bargain on your side can seriously dampen employee morale and make people leave.
6.Practice Your Beliefs
An organization’s integrity is in its words, especially the promises made to the employee at the time of hiring. If there is a reason to change any pre- decided promises, make sure you involve the employee actively in that decision which is going to affect him directly. These include respecting the individuality of the employee by letting him or her know exactly how you’re changing certain processes, or changing the designation of the person, or shift timings etc. When you say something in the vision or mission statement of your company, make sure you practice it.
7.Consistency
It is important that an organisation is consistent in it’s performance and has a strong foundation based upon its principles and ideologies. It gives a reason to the employee to be able to trust the company and its promises, and be loyal to it.
Losing employees is a loss in terms of cost to the company in two ways: one the company is losing the intellect of valuable talent, and two, more cost in terms of time and funds needs to be incurred for recruiting and training new talent for replacement. Yet, the attrition rate in India is not dipping low anytime soon. Due to this reason, almost every company in any sector is spending more time and money in process of hiring new employees. If there is a balance between the give and take of an employee and the organisation, it will be advantageous to both.
1. Recruit by Understanding the Job Description
If HR personnel has a clear understanding about what the organisation is looking for in a particular role, they’ll be able to find a suitable match. Make sure whoever is sourcing candidates understand exactly what type of roles they’re trying to fill.
2. Recruit Dependable Employees
When searching to fill a position, make sure that the shortlisted candidates are dependable and have a decent history of work. If a person has been hopping jobs without being in a company for more than a year, it is better to find out a genuine reason for it. Make sure you check references and find out exactly how dependable the person really is.
3. Recruit Knowledge Workers Who are Willing to Learn
Understand that today’s employees are knowledge workers who gain and share knowledge and use it to make a living. This knowledge is very valuable so it needs to be put to good use for employee satisfaction. If you recruit candidates who are willing to learn and grow within your organisation, they can accept more challenges, grow and help the business grow as well. It becomes the ultimate way to retain employees.
4.Retain Employees as Intellectual Assets
Employees are not just resources but intellectual assets of a company. Make sure your retention programmes communicate the fact that they are valuable and that they have a clear picture of his or her growth plan. Having rewards and incentives for their intellectual growth will also assist in building up employee satisfaction.
5. Incentivise Performance
The process of salary increment on the basis of performance and time spent in the company should also be discussed in the beginning of the recruitment process such as the interviews and also during the induction process. When they do perform well, they should be immediately rewarded and the incentive programme should be executive. Not being able hold up the bargain on your side can seriously dampen employee morale and make people leave.
6.Practice Your Beliefs
An organization’s integrity is in its words, especially the promises made to the employee at the time of hiring. If there is a reason to change any pre- decided promises, make sure you involve the employee actively in that decision which is going to affect him directly. These include respecting the individuality of the employee by letting him or her know exactly how you’re changing certain processes, or changing the designation of the person, or shift timings etc. When you say something in the vision or mission statement of your company, make sure you practice it.
7.Consistency
It is important that an organisation is consistent in it’s performance and has a strong foundation based upon its principles and ideologies. It gives a reason to the employee to be able to trust the company and its promises, and be loyal to it.
Losing employees is a loss in terms of cost to the company in two ways: one the company is losing the intellect of valuable talent, and two, more cost in terms of time and funds needs to be incurred for recruiting and training new talent for replacement. Yet, the attrition rate in India is not dipping low anytime soon. Due to this reason, almost every company in any sector is spending more time and money in process of hiring new employees. If there is a balance between the give and take of an employee and the organisation, it will be advantageous to both.