Building Value Through Your Recruiting Process

It has never been more critical to invest in your recruiting and retention processes with the right solutions. Far too many companies are spending way too much on “solutions” that aren’t solutions at all because the results aren’t there. Other companies are spending way too little on recruiting and retention for a variety of reasons. And everyone is hoping to find some secret solution that nobody else has found yet.

Of course, there is no secret solution. The only solution is to create a highly-attractive workplace culture where employees are less inclined to leave and more inclined to go out of their way to recruit others to join the company. A huge part of this “highly-attractive workplace culture” is the recruiting process because it all starts at the beginning. The only solution is to invest more time, energy, and resources into making your recruiting process a well-oiled recruiting system.

The Benefits of an Effective Recruiting System

The primary benefit of having a “well-oiled recruiting system” is to provide the best opportunity to hire the right people for the right jobs when you need them, with a repeatable, reliable, process-driven system.  

A secondary benefit of such a system is that it builds value into your company. At some point, every business owner will exit their business. When they do, a prospective buyer will look to see if the company’s internal systems are functioning without the owner’s involvement. The more the owner is involved, the less the value there will be to the prospective acquirer. The less systematized the business is, the less the value there will be to the prospective acquirer.

This secondary benefit may actually become the primary benefit. After all, in today’s business environment, what could be more consequential than having a well-oiled recruiting system that provides the best opportunity to hire the right people for the right jobs when they are need them, with a repeatable, reliable, process-driven system?

How to Create & Implement a Recruiting System

The question then becomes, how to create and implement such a system. This is where choosing the right partners becomes critical. Team Engine provides a unique and highly-effective solution, but there’s more to solving this puzzle. Even a great solution like Team Engine provides requires a systematized approach within the company itself. In my travels, I see way too many ad-hoc, hit-or-miss, inconsistent, and broken recruiting “systems.” So we have some work to do as any industry.  

My hope for 2023 is that we will continue to work diligently to overcome this great challenge. Our friends at Team Engine are all in. So is GrowTheBench. How about you?

This article was originally published on GrowTheBench.com and was republished with permission.

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