What Methods Do You Use To Source Candidates In A Down Market
As we face a difficult economy it becomes increasingly important to think wisely and not get emotional about sourcing job candidates. With smart decisions you can actually move ahead of your competition if that is in another company or within your own company with competing recruiters.
Probably one of the smartest things you can do is institute a 80/20 rule with your personal work and managerial work. If you are a manager you should do what you can to keep your top 20% and renew their contracts during a difficult time to prove your loyalty. Second you need to drop your bottom 10% and look to fill them with people that will at least be in the middle group or potentially someone else’s top 20%.
With the middle 70% you are going to have to be intelligent and look at each situation by an individual basis to find out exactly what works and what doesn’t work during a challenging economy. Effort is so important with each person and often they just need time to prove themselves.
If you are not making managerial decisions then you need to make personal decisions with your time and analyze what is working well and what is not working well. Look to cut out all the areas that are inconsistent and producing little results and demanding a great deal of your time.
Look to train and make improvements daily in your strategies and look for ways to do so after hours when you are not working. It is best to be smart with your efforts and implement methods and test them during the day and re-evaluate daily what is working well and what isn’t. You can be amazed what you can change with a few tweaks here and there.
What is going to be smart is to start planning your hiring needs by the quarter for all of your major positions that you are looking to fill. Get your line managers to also update their quarterly plans and have them preform quarterly tracking to find out exactly when you need to turn on your sourcing efforts even further.
One of the smartest things you can do is look at social media options like Jobs2Web and Entice Labs as avenues to attract the appropriate talent during a difficult economy. This can be a breakthrough for your recruiting in nuturing the right candidates when many recruiters are jumping ship.
It can be tough to find success in a down economy, but you have to do it and continue to look for ways to improve. The better you are with your methods the quicker you will pull out of the recession and pass your competition.
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