How To Identify and Attract Best Talent
Updated: Aug 7
Read more to learn more tips on how to get the right talent
Attracting the right talent is essential for any business. Not only does it ensure that you have the best employees to get the job done, but it also helps create a positive working environment. When you have the right people on board, they bring energy and enthusiasm to their work, which can have a positive effect on the rest of your team.
HOW TO GET THE RIGHT TALENT :
1. WRITE A GOOD JOB DESCRIPTION
The first step to attracting great talent is understanding the role you're hiring for. What skills and experience are required? What would be nice to have? What personality traits would make someone a good fit for the team?
Tips on how to write a sound job description:
A well-written job description should be clear and concise
The job description should have a brief statement regarding the position
The job description should list the key responsibilities of the role
The job description should list the key skills and qualifications required for the role
The job description should list the preferred experience for the role
A good job description should also include information on the company culture and values, to give candidates a better idea of whether they would be a good fit for the organization
2. BE INTENTIONAL WITH YOUR HIRING PROCESS
Creating a formal interview process not only gives you a standard way to measure candidates, but it will allow more thoughtful and constructive conversations about their past experiences and qualifications. Integrating this process into your hiring strategy will help set expectations and reduce turnover.
3. CREATE A GOOD TALENT ASSESSMENT
Creating a good talent assessment can be helpful in identifying the right talent. There are two main reasons why it is particularly important to make sure that you create a very precise and educational assessment for the company. First, you will be able to find out which applicant is best qualified for the job position. Second, you will also be able to see which applicant is the most promising to develop into an ideal employee.
4. OFFER COMPETITIVE COMPENSATION
To offer a competitive compensation, as a business you need to know your current market price and the job demands of the position you need to fill in. The current employment market is very dynamic, so it is important to stay abreast of the latest trends in the job market if you want to ensure your business competitiveness.
“96% of workers are looking for a new position in 2023, largely in search of better pay, according to a recent report by jobs site Monster.com.”
5. BUILD A COMPREHENSIVE EMPLOYEE BENEFITS PACKAGE Benefits are a major factor in attracting top talents. In addition to the standard health insurance and 401k offerings, get creative with your benefits package. Offer flexible hours, telecommuting options, or unique perks like free lunches or on-site childcare. Candidates will appreciate knowing that you're invested in their well-being and that you're willing to go the extra mile to keep them happy and healthy.
6. PRIORITIZE COMPANY CULTURE
Know your company's story - and sell it.
Your company's story is more than just what you do and how long you've been doing it. It's the culture you've built, the people you've hired, and the values you hold dear. When you're recruiting, make sure you're sharing this story with potential candidates. They need to know what makes your company special and why they should want to work there.
“33% of employees in the U.S. are considering quitting their jobs, while 25% have resigned over the past six months, citing “toxic company culture” as their No. 1 reason for leaving, according to a recent survey by job site flexjobs.com.”
THE BOTTOMLINE
Hiring the wrong person can be a costly mistake for any business, no matter the size. According to a study from The Society for Human Resource Management (SHRM), on average, it costs a company 6 to 9 months of an employee’s salary to replace him or her. For an employee making $60,000 per year, that comes out to $30,000 - $45,000 in recruiting and training costs — and that's not including the time and effort wasted on someone who isn't a good fit for the job.
Companies prefer to outsource since it is a great way to access the right talent for your business without having to go through the process of hiring and managing employees.
WHY OUTSOURCE?
Outsourcing gives you access to a global talent pool, allowing you to find the best people for the job regardless of where they are located. It also allows you to take advantage of cost savings, as outsourcing companies can often provide better rates than hiring full-time employees. Since outsourcing companies often have their own infrastructure in place, that can speed up the process of filling your talent gap – letting you grow your business more efficiently.
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References:
Jdickler. “96% of Workers Are Looking for a New Job in 2023, Poll Says: What to Know before You Job Hop.” CNBC, 13 Jan. 2023, www.cnbc.com/2023/01/13/96percent-of-workers-are-looking-for-a-new-job-in-2023.html.
Team, Glassdoor. “5 Awesome Job Benefits That Attract Quality Candidates.” US | Glassdoor for Employers, 18 May 2021, www.glassdoor.com/employers/blog/5-job-benefits-attract-quality-candidates/#:~:text=In%20a%20Glassdoor%20survey%2C%20around,benefits%20over%20a%20pay%20increase.
Katedore. “Toxic Company Culture Is the No. 1 Reason Workers Are Quitting Jobs, Survey Finds.” CNBC, 13 Apr. 2022, www.cnbc.com/2022/04/13/toxic-company-culture-is-the-no-1-reason-workers-are-quitting-jobs.html.
Inc., Pointerz. “The Real Cost of Employee Retention!” LinkedIn, www.linkedin.com/pulse/real-cost-employee-retention-pointerz-inc/. Accessed 21 June 2023.