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How To Reduce Time and Cost In Hiring

How to Reduce Time and Cost in Hiring

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HiringThing.com shows how to create a process for successfully finding and attracting qualified job candidates and outline how this can be done with calculated investments in time, money and effort.

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Page 1: How to Reduce Time and Cost in Hiring

How To Reduce

Time and Cost

In Hiring

Page 2: How to Reduce Time and Cost in Hiring

Today’s Presenter

Rachel BellDirector of Marketing

HiringThing

Page 3: How to Reduce Time and Cost in Hiring

Today We’ll Focus On

How small and medium businesses

can find great talent – fast and affordably

Page 4: How to Reduce Time and Cost in Hiring

What Will You Learn Today?

How to quickly attract qualified candidates

Ways to supercharge the pace of candidate screening

Steps to develop or enhance employee referral programs

Ways to streamline interviewing to save time and money

Page 5: How to Reduce Time and Cost in Hiring

You Might Be Thinking...

My hiring process is time consuming. Why is it so hard to find

qualified candidates? Sorting through resumes

is just so painful I know my employees

have to know good candidates

Page 6: How to Reduce Time and Cost in Hiring

Finding Great Candidates - Fast

Find and Attract Qualified Candidates – Fast!

Supercharge Candidate Screening

Harness the Power of Employee Referrals

Streamline the Interview Process

Page 7: How to Reduce Time and Cost in Hiring

The most successful job postings are the ones that are

the easiest for candidates to find.

Page 8: How to Reduce Time and Cost in Hiring

Keep Your Job Posting Simple.

Page 9: How to Reduce Time and Cost in Hiring

Straightforward job title Spark interest with a killer opening paragraph Include a separate list of required skills & qualifications Provide a salary range. Location and travel expectations

Create a Job Description Worth Noticing

Page 10: How to Reduce Time and Cost in Hiring

Throw the lengthy application process out the window

Page 11: How to Reduce Time and Cost in Hiring

Show Off YourEmployer Brand!

Page 12: How to Reduce Time and Cost in Hiring

Focus on a Great Candidate Experience

Communicate is key

Clearly articulate next steps

Evaluate and Modify the Process

Turnaround time is key

Page 13: How to Reduce Time and Cost in Hiring

Any questions about what

we’ve discussed so

far?

Page 14: How to Reduce Time and Cost in Hiring

Create Powerful Job Descriptions

Supercharge Candidate Screening

Find and Attract Qualified Candidates – Fast!

Harness the Power of Employee Referrals

Streamline the Interview Process

Page 15: How to Reduce Time and Cost in Hiring

“Time is the measure of business”

- Francis Bacon

Page 16: How to Reduce Time and Cost in Hiring

Create a Hierarchy of Must Haves

Does education matter?

Same goes for past experience

Will you consider anyone from another industry?

Page 17: How to Reduce Time and Cost in Hiring

Four Criteria to Speed Up Your Screening

1. Location

2. Industry

3. Function

4. Experience and Education

Bonus – The Obvious Stuff Like Spelling!

Page 18: How to Reduce Time and Cost in Hiring

Now, you’ve eliminated 80% or

more of the resumes in your

stack.

Page 19: How to Reduce Time and Cost in Hiring

Edit the job description or job title if it looks like you’re getting candidates who don’t fit what you’re looking for

Consider posting on niche job boards that attract a very specific type of candidate

Use an ATS and utilize keyword search and auto-archiving Clear your schedule so you can focus on reviewing

applicants, instead of trying to “fit it in” to your day

Put the Process into Overdrive

Page 20: How to Reduce Time and Cost in Hiring

Questions?

Page 21: How to Reduce Time and Cost in Hiring

Your Employees Can Help Find Candidates

Harness the Power of Employee Referrals

Supercharge Candidate Screening

Find and Attract Great Candidates – Fast!

Streamline the Interview Process

Page 22: How to Reduce Time and Cost in Hiring

Referrals By the Numbers

Speed – referrals are the fastest in time to fill (25% faster than job boards)

Retention – over 20% higher than job boards

Percentage of applicants – 7% are referrals

Percentage of hires – 28 – 40% of all hires

Diversity - #1 source for diversity hires

Page 23: How to Reduce Time and Cost in Hiring

Setting Up an Employee Referral Program

Keep it Simple Incorporate social platforms Incentivize appropriately Integrate with other systems

Page 24: How to Reduce Time and Cost in Hiring

Establish Some Ground RulesDefine which employees can participate

Set up a process

Establish expectations

Cover important EEOC info

Page 25: How to Reduce Time and Cost in Hiring

Focus on Offering Cash Incentives Set a cash amount that is Compelling! Recognize successful referrers Keep employees informed of the progress of their

referral Educate employees on how to be successful referrers

Create a Successful Program

Page 26: How to Reduce Time and Cost in Hiring

Any questions on this?

Page 27: How to Reduce Time and Cost in Hiring

Streamlining the Interview Process

Streamline the Interview Process

Find and Attract Qualified Candidates – Fast!

Supercharge Candidate Screening

Harness the Power of Employee Referrals

Page 28: How to Reduce Time and Cost in Hiring

Pre-Screening and Phone Interviews

Review resumes and questionnaires to prescreen

Rate applicants based on pre-screening

Invite your top candidates for a phone interview

Conduct a 20-30 minute phone interview to identify top candidates

Schedule top picks for a phone interview

Page 29: How to Reduce Time and Cost in Hiring

Prepping For the In-Person Interview

Prepare questions to stay focused Review the candidate’s resume prior to interview Schedule enough (but not too much) time Be prepared to answer questions

Page 30: How to Reduce Time and Cost in Hiring

Use open-ended questions – you want to get as much information as possible from the candidate

Get specific on things that matter – credentials, experience, job history

Behavior questions – ask the candidate to describe a situation and her reaction

Questions you can’t ask - direct questions about family, marital status, age, religious or political affiliation

Question Types and Techniques

Page 31: How to Reduce Time and Cost in Hiring

Reach Out To get started with a 14 day free trial, visit:

www.HiringThing.com

Or email: [email protected]

Page 32: How to Reduce Time and Cost in Hiring

Today We’ve Given You a Few Tools

How small and medium

businesses can find great talent – fast

and affordably

Page 33: How to Reduce Time and Cost in Hiring

And We’ve Covered How To:

Find and Attract Qualified Candidates – Fast!

Supercharge Candidate Screening

Harness the Power of Employee Referrals

Streamline the Interview Process

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Page 35: How to Reduce Time and Cost in Hiring