TSP • @myTSPnet
For a company to be successful, it needs several things, including capital, innovation, and leadership. Above all else, successful companies need the right people. A great team that knows how to get the job done is invaluable. Getting those people starts with coming up with the right hiring strategy plans and getting the right help from TSP to execute those plans.
TYPES OF HIRING STRATEGY PLANS
To create the team you want, you need an organized approach to hiring. Over time, five general hiring strategies have emerged in the workforce, each offering benefits and drawbacks.
- PASSIVE CANDIDATE RECRUITMENT
This strategy focuses on attracting and recruiting candidates who are not actively looking for a new job. This might involve reaching out to professionals in the industry, networking at events, or using social media to connect with potential candidates.
A passive candidate strategy is beneficial because it can help a company find top talent who may not be actively seeking a new job. It can also help the company build relationships with professionals in the industry. A drawback of this plan is that it can be time-consuming and may not yield many qualified candidates. It can also be difficult to attract candidates who are happy in their current positions.
Finding a partner in recruiting can help mitigate those drawbacks. At TSP, our recruiters have a long list of candidates who are looking to make a move, even if they aren't actively applying for jobs. We can be the bridge between your company and the right people.
- EMPLOYEE REFERRAL PROGRAM
Having a program that encourages current employees to refer qualified candidates for open positions is common among hiring strategy plans. This can be an effective way to find top talent, as employees are often familiar with the company's culture and values. Your employees can also be good judges as to whether a person has the skills to get the work done.
Companies should take a few precautions when using an employee referral program. The pool of candidates may be limited since it only includes people known by current employees. It can also result in a homogeneous workforce if employees only refer people who are like them. Using this strategy in combination with a thorough recruiting agency can turn up a good batch of candidates.
- RECRUITMENT ADVERTISING
This strategy involves marketing the job opening to the masses and placing job ads in various media channels, such as online job boards, social media, and print publications. It can be a useful way to reach many potential candidates.
Advertising jobs is a common practice for companies since it theoretically reaches the widest pool of applicants. That wide reach can have drawbacks, however. First, there is a lot of competition on job boards. Your listing is one of many, so it may not get the attention it deserves. Second, when everyone can see a listing, anyone can apply. You may get an overwhelming number of applications from people who aren't a good fit. Third, advertising gets expensive very quickly.
- DIVERSITY AND INCLUSION HIRING
Some hiring strategy plans involve actively seeking and recruiting candidates from diverse backgrounds, including women, minorities, and people with disabilities. This can help create a more diverse and inclusive workplace, which can lead to improved problem-solving, creativity, and decision-making. It can also help the company appeal to a wider customer base.
A diversity and inclusion hiring strategy can be a useful way to improve the company, but it can take some work to get started. Implementing this hiring plan may require additional resources, such as training and support for managers. It can also be difficult to connect with the right candidates on your own. Luckily, the recruiting team at TSP can identify job seekers who are looking for an inclusive environment.
- NICHE RECRUITMENT
You can also focus your recruiting efforts on targeting specific groups of candidates, such as recent college graduates or professionals with specialized skills. Niche recruitment can be an effective way to find candidates with specific expertise or experience that aligns with the company's needs.
A company using niche recruiting will likely have better results if it works with a recruiter who understands that organization's industry and can find a good number of candidates. Such targeted hiring can leave you with very few options, so a recruitment agency will broaden the pool of prospective matches.
EXECUTING YOUR HIRING STRATEGY PLANS WITH THE RIGHT PARTNER
Recruitment agencies can be a useful tool for companies looking to fill open positions and accomplish the goals of your hiring strategy. Here are a few ways that recruitment agencies can help with your company's staffing needs.
ACCESS TO A LARGE POOL OF CANDIDATES
At TSP, we have a database of qualified candidates who are actively looking for new opportunities. It's easy to connect future employees to the right companies and build long-term working relationships. Your company can rely on recruiters to have more candidates as hiring needs evolve.
EXPERTISE IN THE HIRING PROCESS
Recruitment agencies have experience in finding and evaluating candidates and can help your company streamline the hiring process. They can also provide valuable insights into the job market and help a company craft a competitive job offer.
TIME AND COST SAVINGS
Working with a recruitment agency can save a company time and resources, as the agency handles the initial screening and evaluation of candidates. Your internal managers and human resources team don't have to get bogged down in recruiting worries. All these benefits make it easier to fulfill your hiring plans and make sure your team is ready to handle any challenges on the way.
BUILD THE RIGHT HIRING STRATEGY PLANS AND FIND SUCCESS
Growth is a natural part of any successful business and means hiring must happen. Evaluating hiring strategy plans and finding one that fits your company's needs will make the growth process more organized and effective. To get started with building your hiring strategy and locating the right candidates, reach out to TSP to get started.