It is easy for business owners to forget about the importance of implementing smart hiring practices. While it may seem simple, hiring the right employees can be overwhelming and challenging. In fact, according to Inc.com 50 percent of businesses say hiring new employees is the top challenge they faced this year.
If you want to build a successful business that hires talented and dedicated people, then you need to evaluate your current hiring practices and make improvements where necessary.
Here are four of the biggest hiring challenges impacting businesses and how they can be overcome.
- Competition
By far, one of the biggest hiring challenges businesses face is competing with other organizations in their market for top talent. Often times companies compete on benefits packages, high salaries, and unique work environments. But, all businesses have advantages to offer. The sooner you recognize what these are, the better you’ll be able to confront this challenge.
- Finding Candidates
There’s nothing more frustrating than wasting your time with unqualified candidates. If you don’t have the opportunity to hire a recruiter, this becomes a very real challenge.
The best solution is to work within your network when hiring. Consider offering rewards for referrals. Candidates who come in through referrals are usually a better fit for the role.
- The Warm Body Syndrome
“The warm body syndrome” refers to hiring people simply because they’re convenient and cost-effective instead of hiring people who are a better fit and solidly qualified. In the long run, these warm bodies hurting your business more than providing a return.
The best solution is creating a pattern for hiring that is focused on value. Create a detailed job description, experience requirements and consider hiring experts in talent management and hiring.
- No Experience Hiring
Many businesses suffer from inexperience related to hiring and talent management. As a result, they end up hiring based on gut feeling or out of necessity, missing out on good hires.
The key is to recognize when business leaders have little expertise in hiring. Bring someone on board who has experience in hiring to help you overcome some of your hiring deficiencies.