If you’re on a tight budget, you might feel like the most talented of the job market is out of reach. Bigger companies with more money to spend might be able to pay potential employees more and chances are, they’re able to pay for stellar hiring services.
3 Tips to Hire on a Tight Budget
A smaller budget, however, does not mean you can’t find rock star talent. It means you can be creative and find ways to maximize the resources you do have. Following these tips will ensure that you stay within your budget but don’t make the expensive mistake of hiring the wrong employee.
1) Know when to outsource
When you’re on a tight budget, sometimes adding another employee to payroll isn’t the best option. Instead, you can consider independent contractors who have the specialties you need at your company. Many companies find great success in outsourcing certain work. In addition to bringing these workers on quickly, they also don’t have as much risk if the hire turns out to be temporary or unsuccessful. Contract workers can be very cost effective while also bringing talented workers to the company.
2) Offer competitive non-salary benefits
If you’re unable to pay the top range for salary, don’t worry. There are still ways that you can attract top talent. Consider offering competitive non-salary benefits like child care support, flexible hours, remote working schedules, transportation or technological allowances or extra personal time off.
3) Utilize existing employees
One of your best resources for finding new talent is to turn to your current employees. They might know of motivated and qualified peers who would love to work at your company. Plus, you can offer simple incentive programs to motivate your own employees to help recruit valuable workers.
Need help attracting new workers?
If you need help attracting top talent or need advice at job hiring, contact Integrity Staffing Services.