Starting and growing a successful business takes a lot of hard work, dedication, and talent.
One of the key elements to success is hiring the right employees. But, with so many different hiring techniques out there, it can be hard to know what to do. That's where having systems in place can make all the difference. Here are some Grassroots Hiring Techniques that we have used effectively at Lotus Private Equity Group all across the country that won't break the bank and should get you some really positive results.
At Lotus Private Equity Group we know that Grassroots hiring is all about finding and hiring employees who share your passion and values, and who will be dedicated to growing the business with you. This type of hiring requires a personal touch, but it can be incredibly effective in attracting and retaining key employees.
Here are the Top 7 Ways To Use Grassroots Hiring Techniques to attract and retain key employees:
1. Get involved in the community
Participating in local events, such as charity drives, networking events, and trade shows, is a great way to meet potential employees and showcase what your business has to offer.
2. Use social media to your advantage
Social media platforms like LinkedIn, Facebook, and Twitter can be a powerful tool for reaching out to potential employees and building a relationship with them. Use these platforms to share your business's story, goals, and values. Keep in mind that everything you do is advertising. While you may have strong political or religious beliefs, they're not for social media when you own and represent a business. Keep your opinions off the computer.
3. Create a referral program
Encourage current employees to refer friends and family members who they think would be a good fit for your business. Offer incentives, such as a bonus or paid time off, to employees who refer someone who is hired. You might want to also consider offering a finders fee for people outside the company when they refer a viable candidate to you. Examples might include a gas card as a thank you for an introduction or a cash payment of $500 on the date of hire and another $500 at day 90.
4. Host job fairs and open houses
Invite potential employees to your business to see what it's all about. This is a great way to showcase your business's culture, values, and mission.
5. Be transparent about your business
Be open and honest about what it's like to work for your business, what you're looking for in an employee, and what you're willing to offer in terms of benefits, compensation, and career growth opportunities.
6. Sign On Bonus
When all else fails, take a tip from Jerry McGuire and Show Them The Money. Not only will a well made pay plan attract and retain staff. But it helps to self motivate existing staff. A significant Sign On Bonus acts like a neon sign flashing at the top of an ad. While some business owners are resistant to offer such a bonus, I'll ask you this. How much is it costing you in lost production and stress having the wrong staff or being understaffed?
7. Leverage Your Network
Some of the best employees we've seen companies hire come from the staff's network. Whether on Social Media, a customer, or a sociable waitress at a local restaurant. These are outlets where we've seen a lot of success. These people generally know a lot of other people and know enough about personal interactions with you to help you with a warm lead.
By using Grassroots Hiring Techniques and having systems in place to support them, you'll be able to Attract and Retain Key Employees who share your passion and values. This will not only help your business grow, but it will also help reduce stress levels by giving you peace of mind that you have a team in place that you can trust to help take your business to the next level.
Are you having trouble recruiting the right staff? Give Lotus Private Equity Group a call today to learn more about how we can help you get the right staff in place.