Hiring the Right Talent and hiring them Fast is the most challenging part for an SME. Hiring the right employee for your organization is very much important as they are the future builders of your organization. If you hire the right talent your growth and development can be easily seen.
Small and Medium Enterprises (SMEs) play a crucial role in India’s growth story. These SMEs provide a lot of employment, employing about 106 million people. Indeed, SMEs will be India’s growth engine in the near future.
One important thing is the right people with potential skills who can innovate, scale, and drive business continuity. However, finding talent is one of the biggest challenges small and medium businesses (SMBs) face – lack of time, high cost of human resource management.
So, here are the few points that SMEs can do to attract, hire, and retain the right talent and SMEs can build their talent pool and unlock that growth potential:
Well, Planned Hiring Process :
If you want to hire the right talent, try to have a clear well-defined process before the interview. Before planning this keep a few questions in your mind:
-How many interviews do you need to conduct in order to fill the job role of your organization? Do remember to inform your candidates about this and don’t leave them hanging after interviews.
-Who should be involved in the interview and what is their role?
-What is the structure of the interview that you are going to conduct? For example, how many rounds of interviews will be conducted?
As previously a survey was held in which they found that 82%of candidates want a clear description for the job role they are applying for, So that they can self analyze whether they are a great fit for this role or not?
Such small things can make a bigger difference in your journey of hiring the right talent for your organization.
Ensure Consistency in Your Recruitment:
In the previous times, the founder typically does most of the hiring process. They themselves conduct the interviews and hire the candidates, But as the business grows and typically hiring is devolved to multiple line managers, there needs to be a system for ensuring an equal approach across the business hire the right talent.
For example, is everyone recruiting in line with the company’s values, and do they know how to conduct an interview effectively? This might be as simple as writing down processes and procedures so that everyone knows what they are and can follow them, Or it may be a difficult one but it must be the same for every candidate. For hiring the right talent from the market you must ensure consistency in your recruitment process.
Streamline The Hiring Process:
Is your recruitment process a lengthy one? According to the same survey, 55 percent of job candidates will give up and move on if they are not getting a proper response from the prospective employer within two weeks of applying for a job.
Don’t drag the interview process too much and don’t make job candidates unwanted as it may cause you to lose good potential employees. Consider a panel interview instead of multiple rounds of interviews. Not only can this save time in the overall interview process, but it can also reduce redundancy in the questions being asked. In addition, a panel round of l interviews can help give the candidate a deeper knowledge of your company culture.
Make Learning Part of Your Culture:
To Hire the right talent best out of the people you can hire through offering different training programs and development. Your business is more likely to retain Best performers if you’re offering continuous development programs- especially if you’re small and can’t offer upwards promotions.
Training programs don’t cost much but make a clear difference in growth and development. By doing so you can make learning a continuous part of your culture.
These are just some of the ways that small businesses can approach the essential business of hiring and retaining staff. Above all, recruiting new people is a challenging decision – one that shouldn’t be rushed.
Investing your time to consider the skills and values you need, and finding the right person for your business, will definitely pay you in the long run.
Keep It Short and Simple
Is your application process time-consuming? According to the survey, job candidates expect a fast and easy application experience.
The questions that are asked should be short and simple so that candidates don’t lose interest in it. If the questions are very tough and lengthy then most of the candidates drop out of the process.
Retention is The Key to Hiring The Right Talent:
Create a culture that continuously increases talent development. Offer perks and benefits such as flexible work timing, remote working, digital systems
Invest in internal coaching/training programs to constantly up-skill your workforce and enhance the skills of your employees.
Finally, to find and attract the right talent you have to make them an attractive offer that they can’t refuse. And it’s not about just offering a good salary package. Today’s employees are more interested in personal growth and the impact they can potentially create via their jobs. Understand their needs and make an offer that meets their requirements.
