Prevent Hiring the Wrong Workers With A Good HR Process
If trying to spot the right talents and new hires for your company is causing you a lot of grief, here’s some advice from your friendly PEO service to lend you a hand.
In December 2021, the BBC stated that the Great Resignation is becoming the Great Reshuffle. Many workers are reshuffling their priorities and rethinking what their careers should look like, moving around the job market in recent times.
That means more and more talents are applying to jobs in new industries, and businesses may have more choices when it comes to getting new hires now.
This makes hiring an even tougher process for companies than before. Of all the experienced talents and fresh-faced workers, how do businesses like yours find the right candidate? What should you look out for?
Thankfully, PEO services do offer HR technology and have the expertise to make hiring a smoother, simpler process. They can even help you with staff outsourcing. But first, let’s look at why it is important to find the right candidate for your company.
Hiring right is a good financial decision
Hiring can be an administrative hassle—posting a job ad, waiting for applications, starting the interview process, extending an offer, and then onboarding the new hire. So, imagine going through this process every couple of months simply because the talent turned out to be a bad fit for the company, be it in terms of skill set or work habits.
According to research done by The Society of Human Resources (SHRM), the direct replacement of an employee can cost as high as 50% to 60% of an employee’s annual salary.
In fact, total costs may come up to 90% to 200% of a hire’s annual salary. Aside from incurring financial costs, the business also ends up losing valuable knowledge and high morale in the workplace. 1
To prevent these losses, hiring right is key. And here are five major tips to help you out during your hiring process to increase the chances of getting the right candidate.
Five tips to hiring the right workers
1. Look beyond the padded resume
Sometimes, the right candidate might not have the most impressive resume when applying for a position. As an employer, it may pay off to sit down with them and listen to their answers to your questions.
Look at how they approach their work and difficult situations. Ask them what roles they have played at previous workplaces, and find out more about their accomplishments. Their answers can offer greater insight into whether they are the right candidate for your company than a simple scanning of their resume.
2. Check if they did prior research
It is usually a good sign if talents come into the interview knowing what your company does and what position they are applying for. Having done prior research, they tend to have the right expectations, know what they are getting into and can be onboarded easily.
It is also a good sign if they researched beyond the technicalities of your company and know your company’s values and beliefs. Not only does this show their enthusiasm, but it also displays their conscientiousness and well-informed decision-making process.
3. Observe how they interact with others
By observing their interactions with others, you can get a better sense of the worker’s personality. When they tour the workplace, do they seem genuinely interested in what others are doing? When they encounter another person, regardless of job titles, how do they respond?
For a new hire to fit well in the company, they have to be interested in the company’s work and be a considerate team player. No amount of experience or skills can make up for the bad fit if those two qualities are missing.
4. Throw curveballs their way
With many resources helping candidates prepare and ace job interviews, you will be doing yourself a disservice by sticking to the usual, standard questions.
Throw in a couple of curveballs, such as creative questions that require some thinking out of the box, and see how the talents respond. Their answers will give insight into their personality, how well they think on their feet, and possibly what makes them tick.
5. Involve your colleagues and get their opinions
It is always good to get a second or third opinion when it comes to hiring the right candidate. Others may be able to spot or point out certain aspects that you may have initially missed out.
And it is always good to see if the potential worker can get along with your current employees since they would all be working together if the job offer is made in the end.
Simplify your hiring process with AYP
Aside from those five tips to ease your hiring process along, PEO services can help your company simplify the process even further. And guarantee positive results.
With the use of analytics, data, and use of algorithms, you can better monitor your business’ performance, collect supervisory feedback, and identify what sort of employees you do need to help your business grow. You can even consider something as simple as staff outsourcing.
If you are keen to improve your hiring practices and have a higher success rate of getting the right candidates, you can kick start the process at any time.
AYP is an award-winning end-to-end HR solution with the expertise and knowledge to keep your company relevant to the times in Asia Pacific, and that includes hiring practices.
To find out more, check out our AYP Global Pay platform here and schedule a demonstration today.
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2. Data analytics: HR’s next major leap