Do you know when is a recruitment process called an efficient one? One can work best when all the resources are available in abundance, the test of time strikes when the best executive search firms in Canada are given the limited resources to work with. Irrespective of the fact that one is facing the lack of budget, time or the support staff and team member, the candidate-driven market which is prevailing today take nothing as a prisoner. This is the reason hiring the top talent with a tight budget seems to be a mission impossible for even one of the top executive search firms in Canada, but with consideration of a number of factors, they are able to create a win-win situation for their clients.
Once a position is left open for a few numbers of months, a number of tasks get stuck causing problems for the company, particularly smaller businesses. Thus, nailing the hiring process becomes of great importance. There are a number of executive search firms in Canada which do not require a massive budget to give you the right candidate, which is because they master the art of hiring even with limited resources.
Here are some of the ways search firms strategize to work with limited resources:
Employee Referral Program
Many are unaware that the best resource to pool in the fresh talent for the organisation is none other than the current employees of the organisation. Their network expands beyond the talent pool even a recruiting firm has. Also, when the current employees refer the candidates, it is likely that like-minded people are going to gel as future employees. The current employee acts as a bridge between the workplace and the prospective employee. They update the candidate about the workplace conditions and other organisational policies. On the other hand, they can also make the company aware of the strengths and other talents of the candidate. This way, the drop-out rate is reduced which in turn leads to savings in terms of money and time for recruiting. To incentivize the current employees, the company may give a bonus in the referral scheme.
Cost-Effective Perks
The executive search firms maintain that competitive benefits can still be offered to the candidate even if the company is working on a tight budget. Perks such as remote working, flexible working hours and maintenance of work-life balance are regarded high and of great value by the job hunters these days. Other perks could be either free or subsidized food and drinks in the office cafeteria, casual Fridays, retails discounts and many more. Other than that, the employees can be imparted new skills which can increase their market value. Thus, these are small things but regarded high.
Maximizing Candidate Experience
The executive recruiter shows the candidates why they should work for a particular organisation and keep them updated during the entire hiring process. Thus, valuing them.n