How Can HR Help Hire Top Talent Without Breaking the Bank?

Every organization needs the best talents and skills to be hired at lower costs. How can HR extend support to the company in doing so?

Dear Bijay,

Internal Recruitment, internal references, posting on LinkedIn and other sites, making the availability on the company website, getting self-trained on job sites, and having a strong network are a few ways to reduce hiring costs.

In addition to that, ensuring that you have hired the right candidate at the right price, properly administering the performance management system, recruiting fresh talent from college placements, etc., can also help in lowering costs.

Regards,
Ashutosh Thakre

Thank you, Mr. Ashutosh, for your guidance. I will try to implement the suggestions you provided. Many employees leave jobs shortly after being hired, despite having good references and passing verification processes. This trend is contributing to the increasing costs associated with hiring.

Employees will hop, even with the best of references and verification. Therefore, you will have to engage the employees and make the culture more robust and liberal. The culture should be based on openness and not on rules and regulations. Rules and regulations are a part of the culture and not the culture itself. Therefore, employee engagement and openness in the company will help you retain them.

If many employees are resigning, then check the actual reasons for the exits; you may also be surprised by the real reason. Try to eradicate that reason so that more stability is achieved.

Regards,
Ashutosh Thakre