Develop a Recruiting Strategy to Scale Your Business

Develop a Recruiting Strategy to Scale Your Business

As an entrepreneur, the idea of growing your team can be both exciting and terrifying. On the one hand, it’s exciting to have the resources and budget to bring on new team members, but on the other hand, your business is your livelihood — and you can’t afford to make a costly hiring mistake.

The recruiting and hiring process isn’t cheap. In fact, on average, it costs more than $4,100 to hire a new employee. And when you consider the time of onboarding and developing a new employee and the cost of potentially losing that employee, it makes it even more critical to ensure you make the right hiring decisions upfront.

When you operate a small business, your success depends on the quality and productivity of your team. Finding the right talent isn’t easy. It takes an excellent recruiting strategy to find and hire quality candidates. At this point, you can greatly benefit from hiring talent acquisition consultants.

So, whether you’re just starting or you have a team you’re looking to expand to build a sustainable business, you need to know how your team will grow over time. That’s why you should develop a recruitment plan to help streamline your hiring processes and make sure you have access to the talent you need when you need it.

What Is a Recruiting Plan?

A recruiting plan is a strategy for hiring employees. It acts as a timeline for your company to find qualified applicants to continue growing without any gaps in employment for the company.

Recruitment plans are about much more than just knowing what roles are open. They’re an opportunity to align company goals and skills gaps with your hiring efforts to plan strategically. A strategic recruitment plan should include the positions you need to hire, a recruitment calendar, a list of tactics, and other essential details about managing your recruiting efforts.

In working with hundreds of entrepreneurs, we’ve found the first step in building a team is to create a recruiting plan that aligns with your business goals as you grow.

We’ve pulled our resources together to create a guide you can use to build a detailed recruiting plan for your business. In this post, we will discuss how to decide who you need to hire, tactics for hiring, and how to develop a recruiting strategy in the same way you would develop a marketing or sales strategy. We’ll also share a few key takeaways, including:

  • How to align your long-term goals with a hiring strategy
  • A practical tool to build a recruitment strategy with a clear timeline based on your goals
  • Tactics for sourcing candidates and tips for how to stand out against the competitors
  • A candidate selection framework you can utilize to make the best hiring decisions

With these resources, you’ll be armed with the tools you need to create a long-term strategy for recruiting top talent.

Identify Your Goals and What Roles You Need to Hire

The first step in creating a recruiting plan is to identify who you need. Planning your recruiting strategy involves not only analyzing your business goals but also considering how roles will need to expand and shift as the business grows. In this section, we’ll break down how to align your recruiting strategy with your long-term vision and identify the characteristics of the perfect candidate.

1. Identify Your Goals

The first step in any strategic plan involves looking at the long-term vision and goals for your business. By taking the time to analyze your vision, you allow yourself to step back and identify how your business needs to shift over time to hit your goals versus looking for short-term solutions.

It’s important to remember where you’re headed and why. Your vision should act as your north star. When you’re setting goals, they should be in pursuit of that end destination.

If you don’t already have a clear vision or feel yours is outdated, it might be time to take another look.

Once you have your goals, you can work them backward to decide what, or rather who, you need to accomplish those goals in a given timeline.

For example, let’s say you have a 3-year vision of hitting $10M in revenue, how much do you need to make this year to be on track for that goal?

Year 1 – $5 M

Year 2 – $ 7.5 M

Year 3 – $10 M

How does your company make $5M this year? How many salespeople do you need to hire and train this year to reach $5M? Next year?

What if you want to open a new office? Who do you need to hire and train to get your office up and running?

When it comes to recruiting, you should always be thinking three steps ahead. Breaking down your goals and developing a roadmap for your business will help you identify a timeline for future hires.

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What do you think? Maybe you’d like to read on? Check out the full version here.

Hiring the right talent is a difficult task that impacts how your business runs now and in the future. Making the wrong choice could have lasting consequences, while the right choice could launch your business to the next level. Our guide to the recruiting process will help you design a structure for finding the right-fit candidate so you can be confident in hiring the right person.

You don’t need to be a recruiter to build a successful recruiting plan for your business. If recruiting isn’t your strong suit, and you don’t know where to start, you don’t have to go at it alone. Book a free 30-min session with me to dig into your business and develop a plan.

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