According to the Global Startup Ecosystem Report from Start-up Genome, 72 percent of startups saw an average of 32 percent fall in their revenue since the start of Covid-19 crisis and 40 percent of starups saw an average of 40 percent fall in their revenue.
It would be an understatement to say that COVID-19 has changed the world; many businesses have come to an absolute standstill. Plans for hiring, growth, and expansion have been put on hold. However, with recovery rates on the rise and the promise of a vaccine on the horizon, businesses are being optimistic again.
Businesses have had to face the harsh reality of a global recession once again, and the only way to counter this recession is to get back up and running in full swing. It’s time for you to start looking for new talent but hiring in a post-COVID-19 world is going to be different. You need to implement new strategies to hire talent.
Tips to Resume Hiring Post COVID-19
- Set Smart Recruitment Goals
Before you start looking for people to hire, you need to set smart recruitment goals. Optimizing recruitment processes, reducing costs, knowing your cost per hire, increasing reach, and rebuilding brand image should be your primary goals. These will help you keep focus and move ahead. Make short-term and long-term goals to stay on track and meet all your hiring needs.
- Look for Resources that are Free
A penny saved is definitely a penny earned, and you can find a lot of free-to-use resources and tools that can save you time and money. From updated job descriptions to fresh interview questions, they’re just one search away. You can even find email and job description templates for quick communication during each stage of the interview process.
- Don’t Forget Social Distancing
We’re living in a different world now. Social distancing, face masks, compulsive sanitization, and working from home are the new normal, and you’ll need a clear strategy for making sure your interview processes adapt to keep up with these precautions.
- Leverage Technology
Sorting through applications and reviewing each one manually is a huge waste of time, energy, and patience. You can use a remote hiring tool like an applicant tracking system (ATS) to make your job simpler. Along with tracking resumes and open positions, some ATS systems use social media and mobile platforms to sort the best candidates for your organization in addition to posting jobs on professional job boards.
- Focus on Flexible Hiring
Look for candidates who can be flexible with their roles and complete their tasks remotely. This lets you have a lot more diversity in your workforce and you’ll cut costs by paying as per the work in hand.
- Move Interviews to the Web
If your team can work virtually, it makes sense for interviews to follow suit. Get your team comfortable using tools like Skype, Zoom, and Google Meet for online interviews. It might give you more insight into how comfortable and adept candidates are at working virtually as well. Look for an applicant tracking software that has virtual collaboration tools built-in to make scheduling easier.
- Have a Ready Pool of Talent
You might not be able to hire all the candidates you want to, but you should keep in touch with as many as you can. If you need to ramp up your workforce in the future, you’ll have a list of candidates who already make the cut to call first.
For any business to survive, it must adapt to the new ways of working, rapid changes, and the economic recession that Covid19 has brought on. Attracting, filtering, and hiring the right talent might just help you get through these tough times, but you’ll have to look at what’s happening and be agile enough to change to a new recruitment strategy