As an experienced recruitment firm in Tempe, PrideStaff knows cost is an important consideration during the hiring process. Everything you do – from posting job descriptions to conducting phone screens and interviews – costs money. But if you focus too much on this one factor – and try to build your entire hiring process around it – it can actually wind up costing you more in the future.
Here are 4 ways how:
In hiring mistakes.
Focusing too much on cost can actually lead to hiring mistakes. Minimizing cost can also lead you to skip out on important steps – like skills and personality testing and reference checking – all in the name of efficiency. As a result, the chances of a hiring mistake can rise dramatically.
In the quality of new hires.
When you’re not taking the time necessary to recruit and hire top talent, it’s going to show in the quality of new hires. Their resume might have been spot on and they might have the skills to succeed. But if they’re not motivated to excel, don’t have a killer work ethic, and avoid risk-taking and creative thinking, they’re not going to deliver the kind of results you’re after.
In your ROI.
When you speed up the hiring process in order to save money, you may end up doing just that in the short term. However, in the long term, it has the potential to cost you more in the form of underperforming new hires and lower retention rates.
In your employer brand.
When you skimp on the hiring process – whether it’s through a clunky careers website or low-quality recruitment materials – it’s going to impact the impression you make and the quality of professionals you recruit. You may have cut costs in the interim, but in doing so, you’re turning away top talent.
Cost certainly needs to be a consideration, whether you’re hiring an entry-level worker or an expert to fill a C-level position. However, if you want to find and hire the very best people, it’s important to make the investment of both time and money to ensure you hire right, the first time.
PrideStaff can help you do just that.
As an experienced recruitment firm in Tempe, we can assist you with every aspect of hiring in a cost-efficient yet effective way – so you find exceptional people who can deliver the results you’re after. Contact PrideStaff today to learn more about how we can help you.