Business leaders in our network frequency tell us that attracting and retaining the best talent is one of the toughest challenges they face and, in many cases, is constraining business growth.
Each desk in the recruitment industry generates nearly £10,000 gross profit per month, so empty desks quickly hurt the bottom line.
Each person has clear views on who they’d like to hire, if only the could find them, convince them to join and have confidence that once on board they’d stay with the company for more than a year or so.
What’s for sure is that in many cases the perfect candidate simply doesn’t exist – and certainly not at the preferred blend of cost, location, experience levels.
So where next?
Melius brings together expertise from recruitment, training, HR and consulting to unpick challenging recruitment environments and create sustainable solutions for its clients.
Melius finds the following activities in combination provide the most effective approach to securing and retaining the best new talent
1. Understand your Employer Brand
What messages is your company sending to potential applicants?
2. Hire on Culture & Values
Your business needs people who will fit and thrive. Getting under the hood of how your organisation works and understanding the type of people most likely to be successful in your organisation is just as important as technical skills and capabilities.
3. Expand Your Search Horizons
Reaching out to candidates that aren’t actively considering moving to your company and raising profile with a more diverse candidate pool than your usual recruitment channels can yield a massive increase in high quality applications.
4. Put science into your selection process
Long-term studies of recruitment effectiveness at Haarvard show that combining Personality Profiling, Intelligence Tests and a Structured Interview can be twice as effective as interviewing alone. Choosing the right tools enhances the probability of success further.
5. Onboard new hires carefully
Taking the time to orient and embed new staff into your organisation significantly reduces the time taken for them to become productive. Having a comprehensive plan involving immediate co-workers, business leaders and key contacts works wonders for getting this important new relationship off to the best start.
Modern professionals seek continuous learning and development opportunities, so it makes sense to support your new hire to develop their skill set and stretch their horizons. A structured approach to performance development stimulates productivity, motivates staff and increases job retention.
If this sounds like the kind of approach that could enable your business to fill empty desks and unlock business growth, but you don’t have the resource or capacity within your existing team, Melius is ready to help.