4 Best Hiring Practices for 2014

Posted February 27, 2014

With unemployment numbers falling, now is a great time to make sure you have a competitive recruitment strategy for 2014—and beyond!

The findings from a recent research study revealed that:

• Top candidates are being heavily courted, are interviewing with multiple companies and are receiving multiple offers.

• 42 percent of candidates are refusing job offers as a result of accepting an employment offer from another company. This number was 33 percent in the first half of 2013.

• Counter offers have become a reality for top performers. Prospective employers should be prepared to offer an aggressive total compensation package that the current employer isn’t likely to beat.

• Employers that use lengthy interviewing processes are losing their top picks to competitors.

So how can you remain competitive in the hiring landscape?

1. Streamline your hiring process.

You need to tighten up your interviewing practices to avoid losing your top candidates. Look for redundant steps that are not providing extra value and remove them. There’s no time to waste in a more competitive hiring market.

2. Consider your reputation.

What does your interviewing process says about your company? With increased competition for great candidates, you have to sell your company and its culture both before, during and after the interviewing process. Incorporate employer branding into your recruitment strategies and market to top candidates.

3. Strive to become an employer of choice.

Retaining top performers by keeping them happy is critical to becoming an employer of choice. Your employees will become ambassadors of your culture and values and promote your workplace to others.

4. Focus on the future with candidates.

Choose people who are potential company leaders, not perfect fits with job descriptions. The most successful companies realize that recruitment is about matching talent that has the experience, skills, maturity and cultural fit to impact the company and lead it into the future.

The above tips can go a long way towards improving your hiring practices and ensuring that you hire the best in 2014 and beyond! Another way to improve your hiring, increase retention and lower costs is to work with an experienced staffing firm like Ambassador! If you are looking for recruiting agencies, contact our team today.