The Business Bulletin
Recruiting
“Right First Time”
There are infinite benefits to recruiting “Right First Time” – not only that standard recruitment costs which often range between 15%-20% of the role salary – and for those harder to fill or very specialist vacancies it can be as much as 30%!!!
Hiring can take a disproportionate
a view to longer term partnerships is
60% of salary based on rate of people
amount of time as well, and if it’s too
critical. So how do you ensure your new
leaving due to poor recruitment
drawn out, the excitement of the
hire fits the bill – making sure you’ve
decisions. So make sure you’re very
prospect decreases so it just becomes
got it right first time.
clear about your organisational culture
a chore. A recruitment opportunity can lift the morale and change the dynamics of the team – and when it works, your business benefits from massive advocacy – free marketing!!
Stage One is to realise that, whatever the job market, it’s unlikely that a candidate will choose to join a business that doesn’t match their
and can articulate it easily, providing clarity and evidence for potential new team members. Of course, cultural fit doesn’t
own values, or culture. Cultural fit is a
mean hiring people who are all the
kind of glue which binds a business
same – in fact quite the opposite. For
together, so before beginning
example, if working collaboratively is
any recruitment programme, it’s
a key value or a usual way of working
important to be able to articulate the
in your business, then people who
business ‘personality’, its values, goals
have a genuine, authentic belief in
and practices. It’s worth noting that
the value of collaborative work will
a bespoke, commercially savvy
poor cultural fit costs too– a Harvard
be a better ‘fit’ than those who are
recruitment approach that brings the
Business Study carried out 5 years
more comfortable contributing as
talent you need into your business with
ago recognised the cost as potentially
individuals. And remember that a
(Don’t forget that return on any training investment for new hires turns into a BIG cost when it’s the wrong person – but pays huge dividends when directed at the right person.) Therefore, the importance of
40 | Issue 7 – Operations and Resources
