You’re Hired: Savvy Ways To Cut The Cost Of Recruitment


A business can have all the technology it wants, but it won’t succeed without a human element. Nowadays, it is easy to believe the myth that SEO and digital marketing are more important than feet on the ground. However, you invest in this theory at your peril. The reality is that a workforce is an asset that keeps the wheels turning, and a quality one at that. The only problem is that quality comes at a cost. If you’re looking to hire, then, your budget may get in the way. Well, it will if you don’t follow these simple rules. 

Don’t Search For Employees 

Instead, let the employees come to you. One of the biggest costs of the recruitment process is sounding people out or letting them know that you are in the market for new workers. Not only do you have to come up with advertisements, but you also need a dedicated team to take care of the process. By omitting this from your strategy altogether, there is no reason to invest in more money. In fact, the people should barge your door down asking for the opportunity to work for you instead of the other way around. All you have to do is post the job on Indeed or Monster and let the applications roll through the door.

Browse Through Files 

If you were smart, you would have kept resumes on file from the last recruitment drive. The reason this is clever is that you can consult the file and see if anyone stands out from the crowd. Any that do need contacting so that you can inquire if they are available and interested. As you can tell, this is the most stress-free and inexpensive way to recruit a team of people. After all, electronic storage and a phone call aren’t going to break the bank. 

Outsource 

Although it seems costly, outsourcing to a reputable firm can cut costs. Simply put, they have the time and resources to focus on one thing: finding you a suitable match. As a result, the fee tends to be lower than the amount it would cost you to keep the process in-house, even if it looks pricey. The key term is ‘reputable’ as a substandard partner will only increase costs. For those that don’t know what a decent recruitment firm looks like, take a glance at the Top 10 executive recruiter firms. Or, ask for a referral from a source you can trust that has experience in the field.

Do It Right The First Time 

The costliest expense is hiring a person that isn’t the right fit. So, the trick is to do it properly in the first place. That way, there is no need to hire, fire, and rehire another candidate. To find the perfect people, you need to look past their resumes. Sure, skills and qualifications are important, as is their level of experience. But, you also want to know about their personality and whether they have the right balance. If you follow this advice, there is no need to spend a fortune on recruitment.





I hope you enjoyed this article about savvy ways to help cut the cost of recruiting and hiring for your company. 

Interested in more articles about human resources and recruiting?

Read My Posts:

- Strategies To Reduce Employee Training Costs

- 4 Signs To Stop Hiring & Start Outsourcing 

Published by Michael J Schiemer
Owner of Bootstrap Business
Money - Marketing - Motivation
Digital Marketing | SEO | Social Media
Mike Schiemer Builds Better Business

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