How to hire successfully for medium-sized businesses

| January 7, 2020

When it comes to talent acquisition for medium-sized businesses, there is no room for error. Every hire matters and only the best talent can drive the much-needed growth for mid-sized companies. If you, too, are looking to hire successfully for medium-sized businesses, these hiring strategies listed below can prove to be useful. Take a look:

Build a Strong Employer Brand for Your Business

If you fail to invest in your company’s reputation, you may have a hard time recruiting and retaining talent. Hence, you must invest in employer branding. Research shows that companies with a strong employer brand not only attract more talent but also have a high employee retention rate. 94% of candidates prefer to apply for a job with a company that actively manages its employer brand. Also, 79% of applicants use social media in their job search to learn about the company’s brand image before applying.

Invest in Hiring Software

More and more companies are realizing the benefits of investing in hiring or talent acquisition software. It can be customized as per your specific requirements. It automates your hiring process, including sending emails to applicants, screening resumes, and conducting interviews. This allows the recruiters to shift their focus from repetitive administrative tasks to identifying suitable talent.

Prefer Experienced Candidates

Choosing candidates with experience over fresh applicants can prove to be extremely beneficial in certain circumstances, especially for mid-sized businesses. Whether you are looking for a candidate with a particular skill set or need to fill a position that requires people management or your business is seeing hyper-growth. All these situations demand someone experienced to give you the desired results.

Recruit Only Highly-Skilled Talent

Medium-sized businesses especially need to focus on the quality of their recruits. It may seem like a lot of work, but mid-sized companies must recruit only highly-skilled candidates for maintaining a positive growth trend. Recruiters should look for such high-quality talent on niche job portals and design their interview process to identify the relevant skills and experience to filter out top talent. It is equally important to measure the quality of hires as a single hire can make or break the growth of your business. Generally, you can measure the quality of hire by averaging the scores of all hires and including the retention rate. Surprisingly fewer numbers of companies actually measure the quality of their hires. This can impact the growth of business in more ways than business owners realize. Remember, what gets measured gets improved.

Work on Improving Employee Retention

Since hiring top talent requires a lot of efforts, employee retention becomes more critical for mid-sized businesses. The hiring resources are limited and hence are more valuable for such businesses, and they need to be utilized thoughtfully. Recruiters can identify the areas which negatively affect the employee retention rate and work on addressing the problem areas. Open door policy, transparency in communication, healthy office culture, and providing ample opportunities for employee growth are some of the factors which can help improve the employee retention rate of your company.

Hiring successfully for mid-sized businesses is challenging but not impossible. These recruiting techniques are sure to enhance your hiring process and help you build a perfect talent pool for your business.

SHARE WITH: