We speak to a startup, Claims Bible, to hear their thoughts on the best ways to save money during the hiring process.
Promote from within your own company
“If you are looking for an employee in a more senior position than the staff you currently have, it may be worth seeing if there is a member of your existing team who would be suitable for the role,” explains founder Gavin Cooper.
“If there is a high performing individual within your team who has worked consistently over a period of time and who you consider may have the drive and expertise to work in a more senior position, why not consider offering them a new role?”
Ask for employee referrals
Many staff already working within your company who have experience in similar companies may have previous colleagues or acquaintances who they would like to refer for an upcoming role in your company.
Whilst it is always important to ensure candidates who have been referred will be right from the role, this can save time and money in the hiring process and save you having to spend time advertising or money to use a recruiter.
Advertise roles via social media
Using a recruitment company to help you find new candidates can be costly and may not feel worthwhile if they are unable to find you a suitable candidate. Social media is a fantastic way to advertise new roles, with many jobseekers using platforms such as LinkedIn to apply for a job.
Social media has many benefits, and one singular post or advertisement can reach millions of people within seconds. This means that you may receive multiple applications from suitable candidates without having to use an agency, so you won’t have to pay agency fees or commission in the hiring process.
Social media platforms will usually also offer those considering applying the opportunity to connect with or contact your business if they do have any queries about the role to further ensure that those who do actually apply are genuinely interested in the opportunity.
Have accurate and precise job descriptions
Having a really concise job description when advertising for a new hire can ensure you save time and costs throughout the process. If you have specific skills or qualifications that you are looking for in a new candidate, it is important to make this clear to ensure you do not have to read through applications from unsuitable candidates. This should also give you the chance to explain which responsibilities and expectations will come with the role, so each applicant should come prepared with the appropriate knowledge about the job.
This will also ensure that individuals that you are contemplating interviewing understand the requirements of the role and should be able to explain to you why they feel they are suitable, meaning you will not have to spend both time and money interviewing candidates to later hear that they did not understand what the role would consist of.