Hiring Right: Where Do You Find the Best Talent?
Hiring Right: Where Do You Find the Best Talent?

Hiring Right: Where Do You Find the Best Talent?

Labor expenses are typically an organization’s highest costs, which means making great hires is an issue of critical importance. To find the best people, first you need to know where to look.

Paycor Organizational Development Specialist Allison Flynn offers her insights on how to find candidates more strategically by analyzing where your new employees really come from.

Applicants have dozens of places they can go to find jobs these days. Whether it's a dedicated website, such as Indeed.com; a social networking site, such as LinkedIn; or live networking through a referral, applicants use multiple avenues to find employment.

When you track these sources and analyze them, you can get a good picture of where you should dedicate more resources, in addition to what might not be working for your organization. Take a look at the volume of candidates who apply through each source, as well as how many associates you’ve hired from each source. This kind of data can help you determine where you might need to focus your hiring energy.

On the other hand, you might choose not to devote time to posting and maintaining listings to, or paying for membership on, certain job boards that haven’t proven fruitful in the past.

You can parse your data by position and location to drill down further into finding the best source for hiring quality candidates per function or geographical area. You might find that LinkedIn is a more useful resource for one type or level of position, whereas referrals are a better source to tap into for other roles.

Also consider not only where you’re finding candidates, but which sources ultimately provide you the most actual new hires. For example, you might have had 92 people apply for jobs through Indeed.com, but you've hired only two of those applicants. Meanwhile, 60 people have applied through LinkedIn and you've hired 14 of those applicants.

Paycor’s Applicant Tracking solution can simplify the hiring process and allow you to capture and study data for your future planning. Applicant Tracking interfaces with multiple candidate sources and houses information in one database. Watch this 2-minute demo to see how Applicant Tracking can power your organization’s growth with the right people from the right places.

More to Discover

How to Hire From an Increased Talent Pool

How to Hire From an Increased Talent Pool

After years of a tight labor market, SMBs are now facing a radically changed recruitment landscape. Unemployment peaked in late spring, reaching levels unseen since the Great Depression, and the economy lost 20.5 million jobs in April alone. Though employment is now rising again, for most companies just surviving is still the goal.But even if the focus is on cutting costs now, it’s still important to think about the future and to keep an eye on building the right team. When you do get back to hiring, you’ll find that a lot has changed. Could This Be the Perfect Time to Hire? Most everyone right now is focused on their 60/90/190 day cash flow. But for those with the capacity to hire, this a unique moment, with a massive influx of top...

Hiring & Onboarding Staff Virtually

Hiring & Onboarding Staff Virtually

The coronavirus pandemic has completely changed the way we operate. For many office workers, remote work is the new normal. And many businesses have completely altered their hiring plans, placing freezes on new roles and reducing budgets during the current economic crisis. But for some organizations, hiring more staff is essential during this time.As virtual recruiting becomes part of the new normal, HR leaders are also being forced to adjust to a virtual onboarding process in lieu of the typical face-to-face meetings with direct managers and team members. This can present some challenges, but we’ve put together a few tips and best practices to help you onboard virtually and create a memorable first impression during these challenging...

Remote Hiring: A Step-by-Step Guide

Remote Hiring: A Step-by-Step Guide

The Recruitment Challenge Once you start hiring again, you could very easily find yourself overwhelmed by a ton of resumes from smart, talented people who suddenly, through no fault of their own, are unemployed. To make matters worse, you can’t rely on much if any face to face communication. What’s the solution? You’re going to have to figure out ways to quickly and efficiently filter and screen candidates and then move them through the process virtually, without overwhelming your frontline managers. Filter Job Applications We’ve all just experienced the most shocking whiplash of our professional lives—just a few months ago we were living through historically low unemployment and now state officials have been hit with record-breaking...

Recruiting

The “Everything You Need” Hiring Toolkit

The “Everything You Need” Hiring Toolkit

Hiring is hard enough. This is especially true if you don’t have the right recruiting tools and templates in place. To help make things easier, we created the toolkits below to help you standardize and templatize a few key pieces of your recruiting process. Use these free HR templates and recruiting resources below to prepare your team for successful hiring and ensure you’re up to speed with best practices for effective recruiting. Why Hiring is Hard If you’ve found your way to this page, chances are that you’re looking for a way to make your day to day recruiting a little easier. Recruiting is difficult for many reasons. One of the biggest is that there are so many people and pieces in the hiring process to manage: Hiring managers...