People management: recruitment and selection

The entry and exit of professionals in work teams is something natural within a company. However, this process can cause some instability within organizations, especially when it becomes too frequent, causing costs to companies and can even lead to demotivation of work teams and a decrease in productivity. To achieve fast Recruitment and Selection processes and to assure the entrance of qualified and motivated people to a work team is one of the main functions of the Human Resources teams.

Guarantee the success of your Recruitment and Selection processes in 6 steps: 

Keep in mind the Recruitment Funnel

Simply put, we can say that the recruitment funnel is a guide to optimize the entire recruitment process. As the name indicates, this funnel intends to guarantee a restriction of audience at the end of the process. Through this technique, the recruiter will be able to check all the phases of the recruitment process and evaluate each candidate during them. This way, he/she will have a clearer vision of who the most suitable candidates for that position or function are.

And what are the phases that form part of this Funnel?

• Attraction. In this phase the available vacancy is advertised with the aim of attracting candidates to the vacancy.
• Conversion. At this stage it will be the candidates who will send their CV or get in touch with the company for example by filling in an application form.
• Evaluation of candidates. Through different techniques the different candidates and their competencies will be evaluated.
• Offer. This is when an offer is made to the candidates who are most suitable for that vacancy.
• Integration. Once the candidate has been elected, he/she starts working for the company. 

Define the competencies you are looking for in the ideal candidate

Before putting in practice the whole recruitment and selection process and when planning it, you should pay attention to the profile you want from the candidates. To do so, you should align well with the managers and team leaders what competencies they consider necessary for the performance of the functions. A wrong assessment will compromise the whole process and may result in a bad hire.

Diversity and inclusion

Don't get locked into pre-defined standards. One of the big trends is to keep companies culturally diverse. We know that this diversity will promote more innovative and consequently more productive companies. Besides, this will be a way to ensure a fairer people management policy. Be assured that this will be reflected in more motivated teams and happier workers.

Employer branding

Nowadays, employer branding is another trend that has caught the attention of Human Resources teams. Generating a positive perception of the company as an employer is fundamental. Promoting attractive conditions for employees and working on career development programs are fundamental aspects that can attract the best professionals and ensure their retention in your teams. But communicating all this is also essential. So, use a good marketing strategy to communicate the added value of working in your company.

Use the best Selection Techniques

The selection techniques include interviews, knowledge or skills tests, psychological tests and group dynamics. When selecting candidates, it is important to know how to choose the best techniques according to the type of recruitment and competencies you want to evaluate. Only in this way can you guarantee a correct evaluation of the candidates.

Hiring a specialized Recruitment Company

Hiring an external company to take charge of the entire recruitment process is a smart way to optimize all the recruitment of new professionals for the company. Especially in very specialized markets, this resource can be an added value and guarantee the best choice of human resources. Very knowledgeable about the market, this type of company guarantees to select the profiles that best respond to their needs through the practice of methodologies and use of specific tools. 

This is the case of Fed Finance, a recruitment company specialized in the Finance and Accounting market. Through its consultants the whole process is ensured, and the company is guaranteed that the professionals selected are those whose profile will adapt perfectly to the vacancy available.

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