“I dread having to hire someone, I know recruiting agencies are expensive, but I don’t have the time to find quality candidates for my company,” says Patricia, small business owner
Does this sentiment resonate with you? Small businesses fuel the American economy, providing 64% of new jobs; but when business owners and founders are asked what they dislike most about owning a company, many times they will say the hiring process.
Why? Simple hiring takes time, effort, and money, which for many small business owners is not readily available.
We interviewed small businesses around the country to determine how they find success when hiring a new position:
“I used to interview every person who sent a resume, now I am more selective with where I post my jobs and what job platform I use. New hiring technology can source the top candidates, which cuts down my time on the phone, and allows me to interview the most qualified people for the position,” says Alison, owner of a public relations firm.
“I now know that hiring bad talent costs me far more time and money than spending the time upfront to hire a good match. Now I make filling a new position my number one priority, and put in more work on the front end, which leads to better outcomes down the road,” says James, owner of a construction company.
For many small business owners, using technology to streamline the hiring process has saved thousands. Online job platforms let business owners post and set their own budgets for finding applicants, cutting out the cost of hiring an expensive recruiting agency. In addition, knowing what resonates with top talent is also helpful. For example, offering more vacation time and focusing on company culture may attract the talent you’re looking for. Perhaps you can’t compete on salary, but you might be able to compete in other areas.
Investing in technology and smarter job search practices will help small businesses streamline their hiring process (and save money!)
Footnote: The U.S. Small Business Administration states small companies accounted for 64% of new jobs created in the U.S. between 1993 and 2011.