The Most Cost Effective Ways of Attracting Top Talent to Your Organization

It can be a lot harder for small to medium sized businesses to attract top talent, especially when it comes down to a recruiting budget. This can often leave them at a disadvantage when compared to larger companies. In order to find and bring in talented applicants without breaking the bank, there are a number of things that you can do.

Review your internal processes. Does your business have an exciting vision you can “sell”? Are you open to retired people coming out of retirement? Other ways to attract top-tier candidates include offering flexible schedules, telecommuting, working from home, letting employees set their hours, paying for some day care, offering on-site day care and more. How about collaborating with international workers to obtain their visas or offering ownership stakes in the business? Adjust your internal processes to offer benefits too good to pass up. Essentially, focus on creating a great brand that makes applicants want to work for you, even if you can’t pay as much as bigger companies.

Referrals: Ask other business leaders for names and contact information of potential candidates. You can even put a “Candidate Referral” button on your website. An additional benefit of this strategy is that it draws people who sought out your business or service.

Networking: Use traditional networking via former and current colleagues, friends and the like. Also turn to LinkedIn and niche-specific job boards. Post in very specific groups about attributes of the candidate you are seeking. Also take advantage of professional organizations and groups.

Staffing Agencies: An important benefit of staffing agencies is that they quickly place well-screened applicants for interviews. They often have comprehensive lists of applicants fitting your criteria, and they deal with all levels of talent. You can even work with them so that they perform searches for you and become a recruiting partner of sorts. They may have access to some audiences or demographics that you do not.

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