Hiring is a breeze: Talent is everywhere, and they’re clamoring for interesting job positions; you just need to pick the most suitable candidate from many that come your way.
No, it’s not the way the job market is today.
Especially for small and medium businesses whose resources are less compared to large organizations, hiring the right talent is a minefield. Today’s job market is candidate-driven, and a recruiting team must undergo challenges in advertising jobs, identifying the potential candidates, candidate engagement, and ghosting. Hence as a business with limited resources, you need a smarter hiring solution. This article jogs you through challenges that small businesses face, why they need to adapt to new recruiting strategies, and effective tips to hire more with less.
Challenges Small Businesses Face When Hiring
Limited Time and Budget
Many SMBs lack the resources needed to run an organization, such as time and budget. Today, the hiring process is harder than ever and has become expensive due to evolving competition in the job market. Moreover, nothing costs more than a bad hire. The insufficient time and budget among the SMBs make hiring the right candidates for their team ever harder.
Too Much Spending on Recruiting Agencies
Small businesses do not have enough time and budget to first set up a Human Resources department. This is because they cannot afford to pay their staff who may not have work unless they need a new hire. The only way they think they could grow their team is to rely on external recruiting agencies. However, the recruiters in staffing agencies are already busy and can put your hiring deadlines in danger. In addition, most recruiting agencies only cost you more money.
The Gap between Employee and Employer Expectations
The other reason why small businesses find hiring the toughest task is the gap between their and their employees’ expectations. Today, a major part of the workforce consists of Gen Y and Gen Z, who are beginning their careers. Studies show that Gen Z and millennials now make up more than 46% of the full-time US workforce. The expectations of people of these generations are evolving with time. For example, most employees prefer benefits, flexibility, and work-life balance over a good salary which start-ups and small businesses fail to deliver.
Lesser Resources to Support Employees
As mentioned in the above point, the expectations of employees are far beyond what a less funded company can offer. Not every employer can provide pay rises that meet their employee’s requirements and expectations. While you cannot compromise on the quality of talent, you cannot even pay them beyond your budget.
These are the overwhelming challenges almost every small business faces when hiring. Now that you know SMBs hiring hurdles let’s look at the effective hiring solutions that keep you ahead of these difficulties.
Smarter Hiring Solutions for Small Businesses
Hire the Right Recruiting Agency
In contrast with what we’ve discussed in the above section, hiring the right recruiting agency is the best way to hire faster. But the only challenge you’ll come across is how to find the right one. Well, all you need is time to write out your unique needs, priority requirements, and budget. Dedicate a member to finding a list of agencies with good track records and shortlist the ones that closely meet your requirements. Check out their pre-selected candidate pool to ensure they’re the right fit.
Leverage Technology Probably an ATS
This is an easier and smarter way to hire the perfect candidates for your team. Recruitment software or applicant tracking systems may seem expensive, but they are not. With the right Applicant Tracking System like Vultus, you can easily access a wider pool of talent and shortlist them in lesser time. Job management, resume parsing, deep resume search, and CRM tools will help you post job ads and find exact matches easily. Not only that, but you can also save tons of time by managing them and onboarding from a single dashboard.
Level Up How You Work with Vultus
Any great business has to start small first. Being a small business doesn’t mean that you need to compromise with the quality of talent you hire. Vultus, an award-winning applicant tracking system, will help boost your hiring with many customized features. This budget-friendly ATS finds you the perfect fits that contribute the best to help you make a difference.
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