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Don’t Wait! How to Evaluate Your Staffing Plan

November 3rd, 2017

The end of the year is almost here. And while you might be busy closing the books, one area to also focus your efforts on is your staffing plan.

You often hear the phrase “people are your most important asset.” If that’s the case, then it’s critically important to ensure you have the right people in the right places as your company embarks on the New Year.

That’s why paying special attention to your staffing plan now makes sense…so you can get 2018 off to the strongest start possible. Here are some key areas to focus on when reviewing your staffing plan:

Evaluate how you recruit.

As one of Columbia’s leading staffing services firms, TRUE Group knows if your company is like most, you use many different avenues for recruiting candidates. Some methods are costly, while others are more affordable. Regardless, it’s important you evaluate each and every one you use to ensure they’re all effective – and not only garnering a good number of candidates, but high quality ones, as well.

Look at time to fill.

Analyzing time to fill is a good way for your company to ensure hiring efficiency. When positions are going unfilled for long periods of time, it can hurt productivity. Having an accurate sense of time to fill can also help you plan out your budget and give managers a more realistic time frame about filling vacancies.
Analyze turnover and retention.

High turnover and low retention are red flags that’s something’s wrong with a) your recruiting and hiring process, b) your company culture, or c) both.

If, for instance, there’s a particular job that’s become a revolving door, it’s important to start asking questions so you can find out why. Likewise, it’s vital to know details about retention, such as how long candidates typically stay in their positions and whether they then get promoted or leave the company, so you can ensure you’re retaining top performers.

Appraise quality of hire.

Having quality of hire metrics in place is critical to ensuring your hiring process is as effective as possible. While there’s no one-size-fits-all way to measure quality of hire, you can look to areas such as employee performance and engagement, cultural fit, and turnover as measured by performance appraisals and 360 ratings.

Assess cost. 

When evaluating costs, factor in the big picture including advertising, job fairs, working with a recruitment agency, and any other expenses incurred during the hiring process. This will give you a firm idea of what it costs to recruit each employee – and whether your staffing budget is in good shape or needs tweaking.

Don’t have the time or resources to evaluate or modify your staffing plan? Let TRUE Group help. As South Carolina’s leading staffing services firms, we can work with you to develop a strategic staffing plan that’s on target and keeps you optimally staffed in 2018 and beyond, saving you time and money in the process. Contact us today to learn more!

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