If your business is growing and you’ve got more customers and clients coming through your doors, then chances are you might be thinking about recruiting more staff during 2016. Of course, this can often be great news, and a real indicator that you’re heading in the right direction. But whether you’re completely new to the world of recruiting staff, or you’ve got masses of experience, you need to recognise that there are some costly mistakes that you need to make every effort to avoid. And even seasoned recruiters aren’t immune to wasting cash when it comes to appointing new team members.

Your budget is extremely important (and can disappear very quickly!). So to ensure that you get the most out of it, here are just three reasons why you could be spending too much money on recruitment and how to use the cash more wisely.

You’re looking for talent in all the wrong places

When we think about vacancies, we often think about advertising them. And there are a few options that often seem like no-brainers. Perhaps you’ve got the local newspaper on your list, or the online job board that keeps popping up that you've always used. These can be great places to start in certain circumstances, but this doesn’t necessarily mean that they’re right for your business. So imagine for a second that you’re looking for a highly experienced individual from a very specific background. What publications will this person typically read? What sites would they read? Which radio and podcast shows will they listen to? Which events will they go to? (Hint, hint: these are not always recruitment fairs). Once you establish where your ideal candidates will be, you can make steps towards putting your vacancies in front of them in a compelling way. This is the only strategy that will ensure the best return on your investment.

Your systems are outdated

You’re fully aware that we’re living in a thoroughly modern age, and you have a wealth of gigantic opportunities right at your fingertips. Your marketing department is no doubt tapping into this, so if your HR and recruitment practices aren’t keeping up, then you need to ask yourself why. Perhaps at the moment, you ask your candidates to travel to your office at each stage of the recruitment process. It’s time consuming for everyone involved, and there’s often a hefty bill that needs to be covered. But is it really even necessary? Why not instead hold initial interviews via Skype/ Facetime, and save yourself a whole load of time and hassle. Often, candidates will appreciate this approach as their time is precious too, and it’s important to recognise that.

You’re recruiting the wrong people

Often, when business leaders think about how to improve their recruitment processes, they neglect to think about the bigger picture. Maybe your interviews have gone swimmingly and you have your new recruit ready to start on Monday, but have you stopped to think about whether they’re truly the best person for the job? If not, then your costs could spiral out of control.

Getting a new starter into the role isn’t the end game here. It’s only the very beginning. Think about whether your employee is likely to stay. Have they been given a realistic view of what the role entails? Do they really have the necessary skills and competencies? Are they honestly a great fit for your business? Answering these questions isn’t easy, but it’s a necessity. And the hardest part of all is that you need to give them some consideration before you’ve even made your choice.

To find the right person for your business, you’re going to have to spend some cash. That’s inevitable, and it can be a very wise investment for the future of your operations. But get it wrong, and it could be something that proves to have far-reaching consequences. Take your time, plan your approach, and make sure that you’re not trying to manage everything on your own.

For more advice and a step by step guide on how to find and hire the very best, check out our WhitePaper: How Great HR can Help you Scale your Business.

TheHRhub is here: the ultimate online support system for SMEs and startups.

Photo Credit: DAvid_a_l Recruitment

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