For every growing company there comes a point where a threshold is reached, and the law of diminishing returns sets in when it comes to recruiting. How do you know when this happens? Here are the signs to look out for:
You’ve “Literally” Exhausted Your Managers
During times of growth - it can fall onto managers themselves to reach out to their personal networks to recruit talent. A manager will add this workload onto their work that they’re actually meant to be doing for the company. Although this makes sense in the early going – since most of those initial hires will likely be people that they’re somewhat connected to. When your company is growing, the next round of hiring has managers sending messages to friends and family seeking their help in the networking game. It can helpful when considering the bottom line and you may be willing to forgo some of the production from managers. But it can quickly get to a point where enough is enough. And your company can start to suffer because time spent on the core business initiatives is being lost. And at some point, the manager’s will burn out.
Post and Pray Isn’t working
A job board presence is an effective tool to use for driving inbound candidates, but it’s the tip of the ice berg of the candidate pool. Job postings enable you to settle for the best "available" talent. And that’s what you are doing, settling. 90% of global professional are interested in hearing about new job opportunities, but only 30% are actively looking.
By finding and engaging targeted people who are not actively seeking a career change can open the door to the pool of talent that you need. But, this is time consuming – it requires creative messaging and multiple outreaches. That takes advanced planning and constant adjustment to achieve results.You ideally want to be excited about the slate from which you are choosing and maybe even have difficulty making that choice. Those are signs of a strong, well-sourced talent pipeline. This requires a continuous, dedicated effort to sustain and manage. Dependence on job postings will not get you there.