There are 3 questions which will help any business leader or senior people involved in the hiring process, to assess whether your organisation is attracting the best talent out there.
If they say 'No' to any or all of these 3 questions, to put it simply you're not.
The three questions* to ask are:-
1- Are the quality of the applicants responding to your advertisements stronger than the quality of people currently in your business?
2-Are you hiring the best of the talent you are attracting?
3-Are the quality of the applicants responding to your advertisements representative of the best people out there in the market.
One or more 'No's' may indicate problems within your current hiring process.
With Question 1 , if this is a No you will ultimately be dragging down the standard of your hires and the overall quality of employees which is a significant concern given that employees are ultimately your greatest asset as an employer. The old adage suggests 'you are as strong as your weakest link' but your weakest link by your own admission here is getting weaker. Time to act to protect your organisation and ensure you are prepared to reach your corporate goals and budgets.
With Question 2, if you are losing the best applicants to more attractive offers from competitors or offers made before you have finished your own recruiting process it may be appropriate to consider your processes or benefits packages in more detail as to why this is happening. Again there may be changes that can be implemented.
With Question 3, if you're only able to attract the best people who apply rather than the best people out there in the market, you may need to consider both your employer branding and your process for attracting and sourcing talent.
Why not download our hiring checklist to discover how to turn those No's to Yes's.
* Lou Adler