One of the best ways to grow your business is to ensure solid hiring practices. Without qualified and talented employees, you will never be able to reach all of your business goals. Here are four ways that you can gain insights on potential job candidates so that you hire the best possible people for the job.
In today’s connected world, social media provides an insightful look into the lives of the people that you are considering hiring. While you may not get all of the information that you need, a quick perusal of a candidate’s social media accounts may send up red flags that you need to be aware of. A person who has a polished and professional social media presence is more likely to exhibit these characteristics in the workplace.
When screening potential candidates, it is important that you understand how they interact with other people on your staff. Asking the candidate to go through a team interview process will give you insight into their social skills as well as how well they mesh with your particular group. It also gives you the chance to solicit input from other people on your team about what they think about the candidate and their potential to succeed in the job.
You can evaluate the skills competency of a potential candidate by having them undergo pre-employment screening. Pre-employment screening can provide insights into how well they know the skills needed for the job. This type of screening can also teach you about the candidate’s personality and behavioral tendencies so that you can ascertain how they will perform in certain situations.
References are one of the most valuable tools that you have in your hiring arsenal. While many hiring managers neglect to check up on these references, you would be remiss to not consider what other professionals have to say about the candidate. When checking with the reference, make sure that the person knows the specifics of the position so that they are able to effectively ascertain how the candidate might perform.
The Importance of Choosing the Right Job Candidates
Although it is understandable to want to fill positions as quickly as possible, following these four rules will help you to make a more informed and complete hiring decision. By doing a thorough job vetting candidates the first time around, you will save more time and money. Hiring the candidates that aren’t the right fit for the positions you need to fill, usually results in employee turnover. This can be a huge expense with a serious impact on a business’s bottom line.
Beyond the revenue lost on hiring and training the wrong candidate, frequent turnover can create other issues for your organization. It can disrupt the dynamics of your team which can have a negative effect on employee morale and productivity. Frequent turnover can also damage your brand as an employer, potentially causing the right candidates to bypass your organization when submitting their resume. Once you’ve found the right candidate, it’s crucial to continue to invest in their professional development through ongoing training programs.
Funding Employee Vetting and Development Programs
Putting a program in place to properly vet potential job candidates and implementing continued employee training can have a positive impact on employee retention. This is crucial for business growth. The cost to initiate such a program may seem intimidating, but neglecting to invest in through employee vetting and training could prevent you from building and retaining the workforce necessary to keep your business moving forward.
CFG Merchant Solutions can help you get the necessary capital to invest in employee vetting and training to fuel business growth. CFG Merchant Solutions offers a variety of alternative funding options that can increase your cash flow and make it easier to invest in business growth. We can help fuel business growth with a merchant cash advance or one of our other small business funding options.
We will guide you in choosing the perfect solution for your business. Our team brings to the table more than 60 years of institutional investment banking experience in the credit, commercial finance, and capital markets. The experienced team at CFG merchant solutions will work with you to choose the perfect small business funding option for your needs. Contact us or apply online and kickstart your small business growth.