How to save time and money when hiring

Job openings that remain unfilled for too long impact companies in a variety of ways. Missing people in key positions leads to an inability to meet client or market needs sufficiently, resulting in considerable revenue losses. What is more, a recruitment process that drags on for too long affects company morale by straining existing teams, who are taking on more than their fair share of the workload as they wait for new hires to relieve them of the extra duties.

However, there are ways to carry out the hiring process that won’t drain your company or your employees.

Write clear and concise job descriptions

The way you advertise a job is directly related to how much time it will later take you to select a suitable candidate. If a job description is too long, too vague, or the required qualifications leave too much room for interpretation, you will have a hard time narrowing down the candidates. To avoid this, include a clear outline of responsibilities, skills prerequisites, as well as education and experience level requirements.

Optimise the screening process

Did you know that the average job posting receives approximately 250 applicants? This is quite a lot, and the number may be higher in sectors affected by surpluses. In such cases, it makes sense to enlist the help of hiring technology. Applicant tracking systems help organisations manage the entire recruitment process, from creating a job posting and CV scanning, to scheduling interviews, following up with the interviewees, and assisting in onboarding. Other AI-powered screening tools may help match CVs to role requirements, saving significant time for HR departments.

Improve the candidate experience

Happy and productive employees are created already from the recruitment stage. Is the application process easy? Are you in timely communication with the candidates at every step of the way? Are they aware of what to expect next? Do you facilitate the interview process, perhaps by providing plenty of interview windows and/or having a remote interview option in place? Taking care of those details will ensure a smoother and faster process, as well as a positive experience for everyone involved.

Consider outsourcing

Recruiting puts a lot of time pressure on HR departments, and much of that time could be better spent on other productive pursuits. Recruitment agencies specialise in matching candidates to roles and have access to large pools of talent, speeding up the process and removing the pressures created by in-house hiring.

Focus on what you already have

Finally, assess the people who already work for you. Would one of them be a good fit for the position you are looking to fill? Encouraging internal mobility will not only remove recruitment costs, but it will also provide career growth opportunities from the inside, boosting employee morale and increasing engagement. Moreover, providing the right conditions that will make your employees stay – a positive work culture, competitive salaries, training and progression opportunities – is a basic but very effective way of saving time and money by removing the need to recruit as often.

Attend a Europe-wide recruitment fair

For your next successful hire, you should also consider attending a European (Online) Job Day. These dynamic recruitment events frequently take place online and onsite throughout the year. They bring together employers and jobseekers from all over Europe. As an employer, you have access to thousands of CVs for free, making your recruitment process easier, faster and more cost-effective.

EURES can help you find the perfect employee by allowing you to search from a large pool of candidates from all over Europe. Find out more by registering as an employer here.

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European (Online) Job Days

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