How to Make Your Company's Staffing Strategy Successful
Hiring the right candidate is critical to the long-term success of your business. The U.S. Department of Labor estimates a bad hire can cost a company 30% of an employee's first year salary. The Harvard Business Review states that as much as 80% of employee turnover is due to bad hiring decisions.
A thorough staffing strategy will ensure the hiring of a proper candidate while eliminating legal risks associated with unlawful discrimination or other unfair hiring practice claims. For a more in depth look at the recruiting process, check out our blog here.
What to Include:
- Plan for Vacancy. Preparing for an opening before it becomes a necessity reduces misuse of company resources.
- Accurate Job Descriptions. Creating job descriptions with honesty and accuracy will guide the proper candidate to your organization's needs.
- Ad Placement. In recent years there has been a strong migration from print media to social media and professional websites for job ad placement.
- Focus on KS&A. The Society for Human Resource Management states that the guiding principle behind any question asked of the applicant should be the following:
- Can the employer demonstrate a job-related necessity for asking the question?
- Preliminary Screening. An initial assessment of the new hire should involve the hiring manager and intended supervisor to verify the candidates competencies for the position.
- Verify. According to a survey conducted by CareerBuilder, the most common lies on a resume are as follows:
- Embellished skill set – 57%
- Embellished responsibilities – 55%
- Dates of employment – 42%
- Job title – 34%
- Academic degree – 33%
- Companies worked for – 26%
- Accolades/awards – 18%
- Follow Up. One study by LinkedIn showed that 94% of candidates want to receive interview feedback, but only 41% ever have. If a candidate is not the right fit, a follow up from the hiring manager helps to foster a relationship to keep talent on reserve.
- Orientation. Orientation is the beginning of the onboarding process. Check out this this featured blog for more information.
Having a well thought out and fully developed staffing strategy helps mitigate risk while keeping employees engaged, lowering your bottom line.