4 Tips to Lower Employee Hiring Costs

There’s no doubt about it: hiring a new employee is expensive.  

With job board fees, interviewing hours, updating your website’s career page, running background checks, and the myriad of other associated costs, companies can quickly max out their hiring budget.  

Many businesses cut corners by interviewing fewer candidates or simply not doing their due diligence during the hiring process because of the hefty time and financial investment involved.  It’s understandable why they do so, but it’s certainly not the ideal approach.  

But don’t throw in the towel just yet!  There are ways to lower overall employee hiring costs without sacrificing the quality of your hiring process.  

Install Effective Hiring Software: Select the right software for your hiring process and save big.  A well-selected program will automate and streamline many of your hiring tasks, thus conserving time and money.

Utilize Social Media:  If your social media presence is strong and reflects your brand consistently, consider using your chosen platforms as free recruiting tools.  Social sites are excellent places to promote open positions, yet they also have additional benefits during the hiring process.  Once you have generated some interest in your role, social media can help you screen potential candidates.

Write a Detailed Job Ad with a Killer Offer:  Ideal candidates are not likely to apply to your position if they find your job ad riddled with typos or vague language.  If, however, you draft a clear and well-edited job posting, you will be in a far better position to attract top-talent right off the bat.  

So what makes a great job ad?  Your best postings will showcase the personality of your 

company and what makes you oh-so-attractive.  The details of the job role and requirements 

will be written clearly and be sensible (don’t throw in requirements just for the sake of it!).  

Show candidates what makes you special and don’t forget to make a competitive offer.  You 

want to attract the best of the best, not the most desperate.  

Take Time to Vet Candidates Properly: It’s essential to consider the big picture and do it right the first time. When you try to cut costs and time during the hiring process without careful consideration, you may end up hiring the wrong person and thus finding yourself needing to fire and hire all over again in only a few short months – thus costing you far more time and money. In addition, your rushed methods may cause you to miss out on or even turn off great candidates.  

Hiring isn’t – and frankly, shouldn’t be – cheap but it doesn’t have to be unaffordable.  It’s a complex and involved process that’s vital to the health and well-being of your organization.  By keeping this in mind, you can lower your overall expenditure without sacrificing the quality of your hires. 

We know many other ways to save your business time and money.  One such way is through accepting Interactive Voice Recognition (IVR) Payments.  Visit the Agile Payments website to learn more.