Business

Want Lower Employee Turnover? Try These 10 Hiring Best Practices

As a business owner, it’s really important to get your hires right. If you do correct hiring by following hiring best practices.

A bad hire could cost your business anywhere from $4000 – $10,000 for a mid-level employee. A managerial hire that doesn’t work out can cost your business even more at $40,000.

average hiring cost

The person you hire can impact employee morale, your customer relationships, and how your brand is perceived in the market place.

10 Hiring Best Practices To Follow in 2019

Do you want to get your next hire right? Read on to learn 10 tips for the hiring best practices that you can use to hire your next star employee.

hiring best practice

1. Know Your Values

Do you know your company’s values? The reason why you need to answer this question is that you want to be sure that you hire someone who will be a good fit with your company’s culture.

Values like integrity and commitment are among common company values.

2. What’s the Job You’re Hiring For?

You need to get clear as to the job you’re hiring for. It’s not enough to say that you’re hiring for an accountant or an assistant.

You need to be specific about the tasks they’re expected to perform. The more clear you are about the duties and expectations you have, the easier it will be to communicate those expectations in your job posting and interviews.

3. Plan Your Recruiting Strategy

How do you plan to recruit your next hire? Do you plan to post online, in the newspaper or rely on word of mouth?

You want to have a plan laid out ahead of time, including a budget. Those job postings aren’t cheap, so you want to make sure that you’re prepared.

If the job you offer is highly specialized and hard to fill like a web developer, you want to have a continuous recruitment process. Being a web developer, you can find people in your area on LinkedIn and start a conversation. You can also ask for referrals.

You can then invite prospects out for coffee in an informal environment. That allows you to get to know them. Keep these prospects on file, because you can reach out to them and invite them to interview when the need arises.

4. Write a Great Job Posting

If you want to attract the best and the brightest candidates, then you need to have a job posting that stands out from all of the others.

Your job posting needs to convey what the job is, what your company is about, what the requirements are.

Did you know that Millennials care less about how much they make and more about making an impact? They want the work that they do have a purpose.

If you want to hire Millennials, then you want to make sure the purpose of the job is reflected in your job post.

Don’t be afraid to reflect your company values in your job posting, especially if you value a fun environment.

5. How to Read Resumes

If your job posting was good, you’ll have a big stack of resumes to read through. How do you read through them and decide who you should invite for an interview?

You want to look at the cover letter to see how well they communicate. You’ll want to look for minor things like grammatical and spelling errors.

Then, look at recent employment and qualifications. You’ll want to put resumes into separate piles.

6. Interview Candidates

If there were a lot of candidates who seemed like they’d be good candidates, schedule a brief phone interview with them first. This will help you narrow down the candidate pool.

Invite the top 3-5 candidates in for an interview. This will help you make the judge which is best for you. This is another hiring best practices in 2019.

7. Test Critical Thinking Skills

You’re going to want to trust your employee to make decisions without you. Otherwise, you’re going to always have to hold their hand.

The whole point of hiring someone is to take the work off of your shoulders, not add to it. You want to hire someone who can think and is quick with making decisions, not an order taker.

8. Do Your Due Diligence

This is a big part of the hiring best practices that employers often miss. After you pick the best employee, you have to do your due diligence to make sure the employee can perform well.

You also want to make sure they were honest in the way they presented themselves. You’ll want to do a criminal background check

In some states, employers are entitled to pull a credit report. You can do that, but you don’t want to make a decision based on the credit report alone because you never know if someone has been laid off and went through a difficult financial period.

9. Extend an Offer Letter

This is the easiest part of the hiring process. Extend an offer to the employee once they pass the background check.

10. Have an Impressive Onboarding Process

The hiring process isn’t complete when someone accepts a job offer.

With that line of thought, your employees will have a hard time fitting in and will leave your company fast. They’re going to be excited to start, and those first days are going to lay the foundation for success.

You want to integrate your new employee into your company and your team or want them to feel valued and that they have an important role to play. You don’t want them to be treated like just another employee.

The business may also want to train them on your company and your job. You want to outline the company’s values, the importance of their work, and you want to train them on how to do their job.

Read more now to find a checklist that will help you with the onboarding process.

Hiring Best Practices for a Rock-Solid Business

There’s a lot riding on hiring your next employee. The consequences of a bad hire are great, so you need to make sure that you get it right.

Using the hiring best practices outlined here will help you lay down the foundation for a successful hire, from recognizing that you need to hire someone all the way through the onboarding process.

When you hire the right employee, you have a stable business with low turnover. That can create a profitable business in the long run.

Want more amazing business tips? Check out these office gadgets you have to see to believe.

About the author

Atul Patel

This post has been written by Atul Patel. If you like this article, you can share with others. And if you also, want to contribute to Iterians, please check our guest post page.

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