Part IV of our eBook: A Guide to Planning Your Hiring Budget & Maximizing Recruiting Spend takes you a step further by breaking down the costs of the programs and systems you need or use and how they will impact your overall budget.
You want to get the best of the best into our candidate pool, you'll get the best results using some type of program or system. These systems cost money and whether it's posting on job boards or creating a CRM (or adding to one) or installing and maintaining proper recruitment analytic tools, your budget is going to be strained. Prevent this from happening even more by figuring out what your company really needs. What can you do in-house and what tools does your team need to be successful? This all depends on if you post a job, how you organize your applicants and the number of positions you're hiring for. The bigger the number, the more help you'll need from talent management or acquisition systems.
Now, if you’re new to this, you may be wondering what kind of system works best for your company. Take a look at these different recruitment program specialties to see where your needs might fit in. (note: it is possible that you need a combination of these. If that is the case, finding a source that covers multiple aspects is ideal!)
Any of these, as well as many others, are great places to start when honing in on what your company may need. They will help your company better recruit, help manage events, ensure your candidates are engaged and also help assist with diversity hiring initiatives. Be aware that the costs for these systems will differ depending on how you use them, what aspects of the program you need, and especially if you decide to go with an all-in-one system.
For your benefit, be sure to do extensive research, participate in a demo, as well as report your findings to the rest of your team. Grasping a complete understanding of what each product provides while also obtaining outside insight and knowledge will help you in determining the best fit.
Besides systems, you may also be looking at other areas of job advertising and those can cost quite a lot as well. Again, it’s important to determine which ones work best to find the specific talent you are looking for. However, it is equally important to put your job ad out there to be as accessible as possible. For example, pick job boards that focus on the industry you are hiring for. Or, if you are going after a younger generation, scouting out local colleges and focusing heavily on social media may be the way to go.
Job or company placements you may want to consider:
How to Improve:
No budgeting exercise is complete without potential costs and budget for improvement. The world of TA Technology continues to grow and evolve at an exciting rate. What could you add to your toolbox to make recruiting at your organization even better? Some places to improve:
About Jeanette Maister:
Global talent acquisition technology leader with extensive experience in global talent acquisition, applicant tracking systems & recruiting technology, recruiting metrics and process. Deep insight into all aspects of campus recruiting strategy. Recognized for driving growth and helping clients transform their recruiting efforts.
We won't just do social media strategies. Social Hire will work collaboratively with your team to ensure your business gets genuine value from us and that your team gets the most out of the service. Our experienced social media managers are motivated to make a enhancements to your social media marketing and reaching targets in a way that realistically makes a difference to your business goals.
What the Social Hire gang loves is making a difference for our clients, and we don't want to waste your, or our resources on campaigns that aren't right for your organisation, if it doesn't get your organisation the difference you need - we prefer a better approach. When your business utilises social media management, Social Hire get your brand the exposure it needs and offer your business the lift it needs to improve.
Our team are a company that helps our customers further their digital footprint by providing digital marketing on a monthly basis.
You might like these blog posts 4 Social Media Marketing Tips to Grow Your Small Business, Essential Skills Every Great Content Marketer Needs, 7 Tips to Secure Workplace Safety On A Small Business Budget, and 5 Free Must-have Chrome Extensions for SMM!.