The labor market goes through periods of varying supply and demand for labor; sometimes employers have considerable leverage and a wealth of candidates to choose from, and other times, it’s workers who have a multitude of options.
A hiring and recruitment process existing within the context of this shifting and dynamic labor market can’t afford to remain static and rely on old strategies to succeed in new climates. But there's one thing HR and hiring managers can do to keep up with the changing times: Be prepared!
This toolkit is designed to get you on track with your hiring needs; from analyzing hiring costs to evaluating your time-to-fill metrics, these five handy resources will help you dominate the hiring market and increase head count in no time. This toolkit includes:
- Employment Planning Checklist | Before you begin the hiring process, you must plan out your employment needs. This sample Employment Planning Checklist can be used to help you figure out what type of employment you need before beginning the process of finding new talent.
- Analyzing Hiring Costs Checklist | Hiring new workers is not cheap! According to Glassdoor, employers spend about $4,000 hiring new workers. On top of the actual dollar amount, on average, it takes up to 52 days to fill a position, which also results in lost productivity and decreased revenue in the long run. Use this sample Analyzing Hiring Costs Checklist to help you evaluate the cost of recruiting employees before you begin the grueling search.
- Job Posting Form | After you determine what you need from talent and how much it will cost, it's time to post that job ad! Use this sample Job Posting Form to organize your job postings before they go live to the public.
- Employee Referral Form | Some of your best talent will come from current employee referrals. Give this sample Employee Referral Form to your employees, and let them recommend their friends and family for open positions.
- Time-to-Fill Calculator | One important element in measuring the efficiency and effectiveness of the recruiting function is measuring the time it takes to fill a vacancy. The longer a position remains vacant, the greater the disruption to productivity. This worksheet calculates the number of days from the time the recruiting department receives a job requisition to the date an applicant accepts an offer for the position.
Hiring top talent in today's climate requires in depth planning and consideration. Use this toolkit to help your company plan and achieve its hiring goals for better talent attraction and retention.
Complete the form below to access the Hiring Preparedness Toolkit. Plus, receive an exclusive discount to attend the upcoming RecruitCon live conference May 18-20, 2022, in Denver, CO!