Identify, recruit and retain – why a sound recruitment strategy is the holy grail for Irish SMEs

Ask any employer running an SME what is one of the biggest challenges facing their business today and many will point to the continuing skills shortage in Ireland.

Two thirds of Enterprise Ireland clients say they are suffering from staff shortages this year and as a result, figuring out how best to attract, recruit and retain key talent is a top priority for business leaders in our SME base, particularly while we are continue to adapt to hybrid working in many industries.

While the pandemic has caused major upheaval and changes in the way we work, employers must also ensure they meet new diversity, equality and inclusion standards, such as: B. a workforce with a balanced gender ratio.

They also need to understand the different needs of different demographic groups within the workforce.

80 percent of employee turnover is due to poor hiring decisions

Although the world of work has changed irrevocably, there are new best practices to help Irish SME leaders identify, hire and retain the talent needed to build and scale their business.

Enterprise Ireland, in partnership with technology specialists Occupop, recently published a detailed new guide: ‘Attracting and Retaining Talent: How to Identify, Find and Hire People for Your Business’.

The advice in this guide draws on Enterprise Ireland’s extensive expertise and knowledge of recruitment and recruitment best practices and provides insight into the latest trends and business theories.

Although the guide could be useful for any business, it has been written specifically for SME executives, taking into account the challenges they face and how to recruit new staff.

It is practical and provides SME executives with simple guidance on every step of the recruitment and retention process, from defining a role to deciding on recognition and compensation systems. It describes a streamlined, efficient way to recruit, onboard and retain employees, with step-by-step instructions for employers and plenty of tips on how to get it right.

The first step is creating a recruitment strategy, which is essential to ensure investments in this field pay off. According to that Harvard Business Review, 80 percent of employee turnover can be attributed to poor hiring decisions. A solid recruiting strategy will reflect and reflect the overall business strategy.

The guide not only covers how to define a role, how to promote it to attract candidates (including specifications for different channels) and how to create a candidate shortlist, but also tells employers how to develop their employee value proposition a mainstay of any recruitment strategy.

Another area that can prove challenging for SMEs is managing the candidate assessment process. The new guide offers useful instructions for interviews, psychometric tests and more. It also describes how best to onboard new employees with both short-term and long-term onboarding plans.

Once you’ve successfully hired new talent, it’s important to remember that this is just the beginning, and our guide also offers tips on how to retain your best employees. This includes providing guidance on building and evolving culture, supporting diversity and inclusion, training and mentoring, investing in employee well-being and planning for the future.

As workplaces and work patterns change, this guide provides SMB owners and HR leaders with invaluable tactics, techniques, and processes to facilitate and evolve their HR practices.

It can be downloaded for free from Enterprise Ireland also offers other resources to client companies to help them improve their recruitment and resource practices.

This includes personal advice from our HR and management specialists, access to external recruitment consultants, e-learning solutions and leadership and leadership development programs. To find out more please speak to your Enterprise Ireland Development Advisor.

Mariam Dadabhay is a People & Management Specialist at Enterprise Ireland Identify, recruit and retain – why a sound recruitment strategy is the holy grail for Irish SMEs

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