Your 2018-2019 Financial Year Recruitment Resolutions
The new financial year is on the horizon. It can be a hectic time as you try to finish off your yearly budgets, complete some of your deadlines, and try to prep for the needs of the upcoming year.
Although it can be tricky to find time during this busy period, it’s perhaps the best time to assess your current recruitment strategy.
Last year, we shared with you some recruitment resolutions aimed at improving the quality of your hires. If you haven’t yet, have a look at the list to see if there’s anything you’re missing out on that could be implemented!
However, a year has gone by since we shared that article, meaning there are new strategies, new ideas, and new resolutions to take advantage of! Integrate any or all of the below into your recruitment practices to make your 2018-2019 financial year even better.
- Repurpose Your Onboarding
The best HR Managers understand that recruitment isn’t just about making great hires. It’s also about what you do with these new hires when they arrive. Even the best candidates may struggle if they are not properly onboarded, resulting in lower productivity, morale, and longevity.
Onboarding is the process used to integrate new employees into an organisation through introductions, training, support, and mentorship programs. This is one of the most important strategies you have for success.
Take a look at the hires you’ve made over the last financial year. Chat to them about the onboarding process they went through to get an idea of effectiveness. See where you can make improvements, lay out a plan for implementation, and make it a priority for this new financial year.
- Give Your Employees Reason to Stay
Way back in 2012, Forbes looked at research into employee longevity and found that the average employee stays with a company for only 4.4 years, with millennials planning to stay with a company fewer than 3 years. With the emergence of Continuous Candidates in the wider talent market, the number of employees who are considering a career change at any given time has increased significantly.
As such, now is the time to invest in your employees, but not (just) in terms of salary. You should be thinking about the factors that will attract and retain your top talent, and ensure your work environment addresses these motivating factors. Some key considerations for today’s candidates include leadership pathways/career progression opportunities, flexible working arrangements and whether your company values align with their personal ones.
- Understand and Highlight Your Point of Difference
As a recruitment consulting firm, one of the first questions we ask our clients is “why should someone work for you over a competitor?” You’d be surprised how often the answer is something along the lines of “Because I’ll pay well” or worse, “I’m not sure”.
Candidates these days have dozens of options. As a company, it’s increasingly more important to establish your point of difference. If you aren’t highlighting this in your recruitment efforts, you may lose out on top talent.
Contact Employment Office for Your 2018-2019 Recruitment Year
There’s no wrong time to start improving your recruitment efforts, but there’s no denying that it helps to have a set start date. This year, let the above priorities be your focus and contact Employment Office if you’re after more ideas, strategies, or better candidates for your recruitment needs
