The Secrets To Hiring Long-Term Talent That Can Grow Your Company

Did you know that the cost of hiring an employee for your business constantly increases? Not only do you have to pay their salary, but they also expect benefits and bonuses if they do a good job. This isn’t a huge issue for employers, but it’s eye-opening to see just how much an employee can cost, even if it’s for a relatively simple job.

You also can’t forget that you need to pay to market your business and invest money in the whole recruitment process. Lastly, you’ll also need to pay for any external training the employee receives.

It goes without saying that hiring employees is extremely important for the success of your business. Considering how much it costs, you’d be wise to think of your employees as an investment in your company. This should make it a little easier to stomach some of the costs involved. However, that does mean that you should be focusing on hiring long-term talent that grows your company.

Many people join smaller companies in order to gain experience and use them as a stepping stone to larger companies and more pay. However, if you can foster loyalty to your company, then you could be looking at a much more efficient and productive team.

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Avoiding expensive industry veterans

One of the biggest things to remember is that industry veterans aren’t a silver bullet for your company. They’re not going to instantly improve things and make your business grow even if they have the credentials to do so. Keep in mind that every business is different and market conditions are always in a state of flux. What worked in the past might not work for today. It doesn’t invalidate the experiences of an industry veteran, but it does mean that they’re not a guaranteed choice for success.

Industry veterans are also very expensive to hire and it’s uncertain how much value they can offer your business. As a result, we highly suggest that you try to avoid hiring any kind of industry veteran, especially if you’re looking to nurture long-term talent and foster loyalty to your company. While they can be helpful in some circumstances, it’s not a good idea to build a team entirely out of skilled and experienced veterans.

Expanding your local reach

Business managers will often find that hiring locally is a much better way to foster loyalty and grow employees. Remote employees have far more opportunities to jump between jobs, but local hires tend to only have a few options unless they’re willing to move which is a huge commitment. However, you can’t be expected to move your office to a place with more local talent, so what’s the solution?

This is where a satellite office comes in handy. But what is a satellite office? It’s not the most common term but you might already know it as a “branch office”. It’s essentially a small location that is connected to your main office, but you get the benefits of having a local presence in another area. This is a great way to extend your reach and acquire more local talent.

Using social media

There’s a lot of new business technology that can help us find recruits on the internet, but perhaps the most interesting method of finding long-term talent is to look on social media. Social media is filled with talented individuals. From artists to programmers, you’ll find plenty of people showing off their projects and commissioned pieces. This is an excellent opportunity to look for freelancers, but you might also be able to find people who are willing to be employed under your company. Even if they’re not local, this is a great way to find remote employees that offer a unique set of skills or a specific style that can benefit your business.

However, it’s not just a case of posting a message on Facebook that you’re recruiting. You’ll need to learn how to work social media and get more followers, more exposure and ultimately more potential recruits. This can be fairly difficult unless you have someone dedicated to managing your social media. They also need to know about the latest social media trends if they want to build a large and engaged following. However, once you get the ball rolling, you’ll find that followers will come streaming in.

At the end of the day, hiring long-term talent can be tricky but it’s one of the most reliable ways to grow your company. Remember to focus on fostering employee loyalty and offering them a workplace that has countless opportunities to grow their skills and for future growth.