Chances are, you’re reading this guide because you’ve made the decision to hire. It’s no secret that making the wrong hire is expensive. As you probably know, replacing a poor hire within the first six months is estimated to cost 2.5 times the candidate’s salary. Keep them on board beyond six months, and the cost grows exponentially. The key is making the right hire in the first place.
Today’s hiring market is like none we’ve seen before in light of the global pandemic crisis. CEOs, business leaders, and managers are learning the art of managing & motivating their existing teams remotely while navigating the tricky waters of remote hiring. The most successful companies will set a proactive course looking forward.
While the hiring strategy below remains predominantly the same, there are necessary adaptations organizations need to implement in this new environment. For example, fractional and contract talent continues to expand and will need to be a piece of your executive recruiting puzzle. While less than 5% of employees were working from home pre-pandemic, many have made remote work their “normal” and will expect to continue doing so in future roles. Traditional interview practices need to evolve to account for the lack of in-person connection and varying timelines.
This guide will share our top tips so that you can hire like a professional executive recruiter. It will provide you with proven recruiting techniques to optimize your hiring strategies in any market and environment. Proactively implementing them is the difference between propelling your organization’s growth forward or falling behind in the future.