Different hiring strategies bring different results. To get great people in your team you should adjust your needs. Here’s a brilliant way to do this.
Each company has their own recruitment strategy. It determines how they approach jobseekers, and how they get them to apply for jobs. Employing an effective recruitment strategy is crucial because it allows employers to reach out to new talent and get the best of the best. Assessing if the one you are implementing is the most effective is critical.
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When doing so, it might be worth looking at performance-based hiring which is a strategy that is quite promising in the recruiting scene.
According to The Adler Group, performance-based hiring is an end-to-end, four-step process that was created to hire top talent. It is said to be the only “validated methodology that integrates sourcing, screening, interviewing and recruiting into a seamless approach based on how top people look for, compare and accept one position over another.”
Using performance-based hiring, recruiters gain a better understanding of how job candidates look for jobs and what they want. They aren’t just looking for ‘any job’, they want to work for an employer that can provide them with the learning opportunities that allow them to develop their careers. Having this in mind, recruiters can differentiate between exceptionally skilled candidates and typical job candidates.
The difference between these two groups of people is found in the way they look for jobs. Whereas a typical job seeker would look for and applying for any position, an effective job seeker will carefully consider the short and long-term possibilities arising from every decision.
From the recruiter’s point of view, the goal of the performance based hiring approach is to help a company meet the needs of these jobseekers through the sourcing, interviewing and recruiting process. The Adler Group that provides performance-based hiring programs for recruiters explains that this type of recruiting helps to give an insight into a prospect’s background, looking for comparable accomplishments as well as career gaps and learning opportunities. This allows recruiters to present the job vacancy as a career opportunity and not just a position that needs to be filled.
Recruiting experts from the Adler Group also agree that effective performance-based hiring starts with a good advertisement: “Well positioned, career-oriented advertising and strong networking capabilities allow a company to dramatically increase the number of top people seen.” Since the job advert is the first step that catches the attention of a jobseeker it makes sense you want to present your company and the position available as best as possible.
Performance-based hiring may be the next big thing in recruiting. Employers, who want to make the most of their recruiting efforts, should try out this approach and get the best people on their teams.
Have you tried this hiring strategy? How did it go? Let me know in the comments section below…