The Coronavirus pandemic has hit businesses and workers alike. Unemployment rates have skyrocketed, but as the economy begins to reopen, we can see a light at the end of the tunnel. As a business owner, this unprecedented time offers an opportunity to hire employees that go above and beyond.
In a time where unemployment has reached a high, there is a massive pool of potential employees looking for work. The amount of talent has been expanding and changing, and leaders should use this opportunity to prepare for post-crisis growth and recovery.
Some of the best companies have attributed their success to their ability to use economic hardships to their advantage. Companies like HP and Amazon have handled these situations with a calm and collected attitude to create a business that thrives.
How can companies take this opportunity to expand and evolve their business?
First, ask your leaders who they would have liked to hire over the last few years, and check in to see if those people are looking for work. These people may work with suppliers, clients, or advisors, and may be open to new opportunities.
Next, set up a team that can source candidates and target companies to find the right people. Make sure this team implements a high standard for employment. Hiring is one of the most important factors in a successful business, ensuring that your specialized team is focused and disciplined in sourcing potential candidates.
Although your business might be remote for a few more months, use the same standard of hiring processes and procedures to analyze your clients. Before you begin, outline qualities and competencies that are required for specific positions. Ask questions that lead to behavior-based answers. Like, “Explain a time when you handled a difficult situation in your workplace.” Be sure to check references! Third-party opinions can be more accurate than the individuals’ views on themself.
Once you have decided to bring in new employees, you have to consider how to motivate them. Compensation is meaningful, but research has revealed that workers are motivated with freedom, purpose, and growth.
Lastly, don’t forget about your existing employees. Review your employees’ skills and knowledge and identify where they can grow and succeed within your company. Motivate your current employees to be productive and engaged in your organization.
Employees are one of the most important factors in your companies success. Contact us to see how we can help you hire and retain the best employees.