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Finding Top Talent: 5 Expert Strategies for Hiring the Best Employees

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Do you struggle to find the right people to hire? They’re hard to come by. And even harder to find if you don’t know where to look. To ensure that your organization stays relevant and competitive, it’s essential that you regularly update your skills and hiring strategies. If you haven’t yet established a culture of hiring excellence or developed a formal recruiting program, you can increase your chances of success through strategic hiring methods.

In this blog post, we’ll show you five important strategies for recruiting top talent. To help you hire more efficiently and get the right candidates through the process faster than ever before.

Partner With A Recruitment Firm

Do you have the right people to run your recruiting department? If not, look into hiring an outside firm to help you scale your hiring efforts and increase efficiency. Recruitment firms provide a full range of services, from headhunting, and advertising jobs to screening applicants, conducting interviews, and sourcing candidates. They can also help with a variety of other administrative tasks, as well as using all their specialized job boards access and search expertise/technology. Such partners can handle a large volume of recruiting work with a team of just a few employees. If you have the resources, partner with Recruitment experts in Canada that provide a range of services and offer a variety of staffing models.

 

Conduct Recruiting Competency Assessments

Finding great employees is only half the battle. If you don’t know what to look for when hiring for key skills, you’re wasting your time and energy. And the more time you spend recruiting, the less time you have to focus on your core business.

Every business is competing for a limited number of talent resources. To ensure you have the right people in your company, conduct a variety of hiring assessments to find and hire the best talent. Hiring assessments are tools you can use to help identify, assess, and find top talent. They’re a great way to identify top talent and significantly reduce hiring errors. However, they can also be costly. Before investing in hiring assessments, consider whether they’re worth the cost.

 

Involve Employees In Hiring Decisions

Do your hiring decisions generally occur within your HR department? If not, ask your employees to vote on potential candidates. There are many reasons to involve your employees in the hiring process other than just the obvious one of getting them involved in the decision-making process.

If you’re looking to use your employee’s voices, don’t confuse voting with hiring. Voting is a quick and easy process that is more about building a sense of ownership and accountability for the process than actually helping to select the best candidate. When you hold an all-company hiring decision, you’ll notice an immediate behavioral change among your employees. They’ll feel more ownership and accountability for the process.

 

Use Analytics To Source Talent

How are you sourcing talent? Are you sourcing from LinkedIn? Have you targeted job boards? What about targeting specific regions? Regardless of how you’re sourcing candidates, if you’re not analyzing the data you’re collecting, you’re doing it wrong. Data provides a great way to assess how many top talents you’re hiring. And where you’re making mistakes. It also provides a great way to identify top talent. So you can skip the interview stage and hire them immediately.

By using analytics to source talent, you can source social media posts from high-value candidates. You may also want to use social media analytics to see who your potential hires are. Social media recruitment is also a great way to observe and maximize on trends. Analytics can also help you source candidates who have experience in the specific skill sets you need.

 

Reach Out To Former Employees

Do you have any former employees that you can reach out to? If not, that’s another opportunity to scale your hiring efforts and increase efficiency. You can find former employees through job boards, social media, or other channels. Reach out to former employees for a couple of reasons: to find top candidates and to find out where they landed after they leave your company. When you reach out to former employees, you have the opportunity to find a lot of great talent through word of mouth.

Reaching out to former employees goes further than sourcing top talent though. It also allows you to gain valuable data. Including why the employee left in the first place. Use this newfound knowledge to improve your workplace experience for future employees.

 

Wrapping Up

Finding the right talent is difficult and time-consuming. To make the most of your time and resources, look for ways to scale your hiring efforts and increase efficiency. Partner with a recruitment firm. Conduct recruiting assessments. Involve employees in hiring decisions. Use analytics to source talent. Reach out to former employees. These five strategies will help you find top talent faster and with less effort.

If you haven’t yet established a culture of hiring excellence or developed a formal recruiting program, they’ll help you build new skills and hiring strategies.

 

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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All Magic Spells (TM) : Top Converting Magic Spell eCommerce Store

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CPC Practice Exam

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Product Name: CPC Practice Exam

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