3 Ways Successful Recruitment Helps Your Business Grow

The Muse Founder and CEO Kathryn Minshew once said that a company is only as good as its people. So it’s no secret that to fortify your business and ensure its continuous growth, a burgeoning company has to invest in its manpower. 

Singapore has a bustling economy with more than 50,000 jobs  currently available for residents and foreigners alike. But how do you make sure you hire the best person who will also contribute to your company in its quest to also becoming the best it could be?

We’ve listed down three important reasons why getting the right people will help businesses and enterprises gain tremendous success: 

Breeds Passion and Advocates Leadership

Having passionate people in your organization is crucial in order to maintain that level of passion by way of either intentionally inculcating it in the hearts and minds of your workforce or through osmosis. Either way, it starts with getting the right kind of people. 

Hiring people oozing with a fresh and vibrant perspective about work and who are more than willing  to go the extra mile will definitely have a ripple effect towards others within the organization. Passion is very contagious.

Also, the importance of recruitment  in selecting potential and future leaders should never be underestimated. The crucial years of succession planning that will lead to the stability of a company starts with recruiting the right person and building on that person. 

Since launching the new manpower plan for the HR industry last year, Singapore has been putting greater emphasis on mentorship programs that will help cultivate leadership within the organization. However, proper mentorship could only go so far as hiring the right person fit for the job.

Establishes Branding and Culture

Every company or business entity has a “brand” that it upholds. It is their identity, values, goals, mission and purpose encapsulated into one “label” or “marker” so that they could easily communicate themselves to their business community, stakeholders and the society at large.

Culture is probably the most pivotal driving force to business growth and success. If your organizational culture promotes commitment to excellence, open communication, support and empowerment, compassion and positive reinforcement, and a healthy balance of work and personal life, then you can rest assured your employees will be more than happy and willing to stay.

Randstand.com recently came out with Singapore’s Top 75 Companies to work for in 2018. Carefully glancing through the list will show you  how important strong company branding and culture is when it comes to achieving success, which in turn makes your company attractive to job seekers.

Makes Employee Turnover (Almost) Nonexistent

One of the criterias for determining the health of an enterprise or business entity is through the rate of employee turnover. A higher turnover rate could signify employee dissatisfaction and undesirable factors that could be present in the organization, while a lower rate represents a robust and flourishing company full of well-contented and fulfilled employees.

Recruiting plays a vital role in decreasing the turnover rate. Efficient and successful recruitment can be determined if a job seeker is carefully screened and matched to a job opportunity that best fits his skills, personality and professional goals. 

Studies show that one of the reasons why an employee resigns is because of the unmet expectations employees have with their work. They show up for work with a totally different mindset, most likely unchanged from when they first applied, and then to be confronted with a rude awakening that they job they showed up for is not the job they signed up for.

Conversely, employees find the most contentment with work and are considered happy when they have clear expectations of their work, which is mostly introduced in the process of recruitment.

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