Hiring Strategy -Importance and Meaning

Hiring Strategy Meaning 

Hiring strategy is an approach that you take to recruit the most suitable candidates for the position you’re hiring for. 

Here, we will discover: 

• Hiring Strategy Meaning
• What Are the Stages of the Hiring Process?
• How to Create a Hiring Strategy
• Hiring Strategy Example
• Hiring Strategy for Startups
• Diversity and Inclusion Hiring Strategy

What Are the Stages of the Hiring Process? 

Here are the different strategies for the hiring process. 

1. Identifying the hiring needs 

2. Preparing the job description  

3. Search for the candidate  

4. Interview shortlisted candidates  

5. Evaluating them and extending an employment offer  

6. Introduce them with the team and continue with the induction process 

How to Create a Hiring Strategy 

Let’s find out how you can create a hiring strategy for the new hires. 

Step 1: Identify the needs 

So, the first step here would be to figure out what your hiring needs are. It would include talking to your leaders about the position you want to fill and what your company needs in the following year. 

You would also need to consider if there are any gaps in the current staff and if you are properly following the inclusive hiring process or not and what roles there are that need to be filled in the coming years. 

Look, this is basically the first step and, here, you’ll need to assess all the positive and negative outcomes of it and prepare for different situations. Based on them, you’ll regularly review your hiring process and adjust it accordingly—better done every quarter. 

Step 2: Align your strategic goals 

Coming to the next step. Here, you’ll need to align your annual recruiting plan with your company’s strategic goals. You’ll need to identify what exactly you want to achieve in the next six months, one year, two years, and so on.  

Now, with a clear understanding of those long-term goals, you can hire the right talent in advance; meaning, even before the requirement has become urgent and the position needs to be filled. 

Step 3: Coordinate hiring across teams 

The third step is to coordinate the hiring requirements across different. So, what you’ll have to do here is share the information about your upcoming hires in management meetings so you can integrate them into the annual hiring plan.  

If your coordination is proper, you can ensure effective cost control, the hiring of the right talent, plus alignment with growth projections. 

Step 4: Use a branded job template 

What’s the best thing about job templates is that you can quickly customize them with your company’s logo and graphics and make your job openings stand out without having to spend a lot of time creating them from scratch. So, it saves time and ensures consistency in your job description 

Step 5: Define the candidate’s experience and build a talent pipeline. 

Now, what you’ll need is an understanding of what should be the experience of your candidate and create smooth career page, application, and interview process. Then instead of hiring as needed, create a pipeline by maintaining a list of potential candidates. 

What it’ll do is, it’ll help you regularly communicate with them so you can keep them engaged with your company—you can do it by hosting open houses and taking “courtship” approach. 

Step 6: consider internal passive candidates 

This is very important. Sometimes you already have good candidates in your own company, who either need a promotion or want to change their department. So, look within your current workforce for employees. It can be super cost-effective. 

Hiring Strategy Example 

A hiring strategy example would be, say, an objective is to have a unified hiring approach for different departments. 

Now, what you’ll do to achieve this is that you’ll facilitate regular communication between different channels viz., HR and other department managers.  

You’ll make sure that the information is shared the right way for the upcoming hires. 

And then, you’ll integrate department-specific hiring needs into your annual recruitment plan. 

Hiring Strategy for Startups  

Here are some of the best hiring strategies for startups. 

1. Make sure you have a purpose for hiring. You don’t hire just because you have funding and you need a bigger team to get the goals fulfilled, 

2. Set a hiring budget 

3. Create your candidate personas and know who you want on your teams 

4. Create a timeline for hiring candidates 

5. Ensure to invest in your employer branding 

6. Have an employee referral program 

7. Try posting on job boards 

8. Leverage social media 

9. Attend meetups 

Diversity and Inclusion Hiring Strategy   

Have a diverse and inclusive team. It shows that your hiring process is fair. You can reach out to groups that are often underrepresented and create a welcoming workplace.  

If your goal is to have a mix of people that brings different perspectives and ideas, it’ll make your team stronger.