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February 09, 2011 at 07:59 AM
I recently heard from a friend at a large advisory firm expressing how hard it is to find and hire good employees, and asked me how I do it for my clients. It’s an excellent question, and I wish that I had the magic formula, but the truth is that I believe it’s often just “luck.” But I also believe we can take steps to increase our “luck” and I thought I’d share five sources we use to help us get lucky in finding the right people:
Source No. 1: Incent Current Employees
In the companies that I work with and manage, we have a incentive program for our employees to refer talent to the company. We assume that anyone working in those companies are great employees and have great connections. We also encourage them to mentor other people and we are always encouraging them to network in the industry. So when we are hiring we first ask our employees for recommendations and have them send out the position announcement/job opportunity to all the people they know. Then, if we hire one of their contacts, we give them a bonus for their help.
Source No. 2: Online Career Sites
We’ve also hired a ton of great people from Craig’s List. To post a job on Craig’s List often costs less than $100. The only downside to Craig’s List is the number of unqualified applicants you get; you have to be patient and filter through them. But, all in all, Craig’s List for us has produced a lot of great people.
We haven’t had any luck with postings and recruitments on Yahoo Jobs or Monster. But we have had some great luck with Career Builder postings and then signing up for the resume search. In other words, we can search their database of resumes and find candidates ourselves, or we can post a job and they apply for it.
I have been recruiting people from Facebook for a long time, but just recently we have been doing Facebook ads, and it has been working. It can get pretty expensive depending on how refined you make your search, so it’s not our first resort. But, we have found a lot of wirehouse-type people on Facebook, although surprisingly, we are not getting a whole lot of people coming out of university programs to apply.
