5 Ways to Improve Your Finance Hiring Process Now

With the market for quality candidates so hot right now, your ability to compete for them rests in your hiring process. Here are five things you can do to ensure that you land your candidate of choice.

Alignment
Make sure that everyone involved in the process is on the same page, including HR and the line manager. This is particularly important when it comes to the requirements of the role, compensation and the level of experience you are looking for.

Access
If you’ve chosen to work with a recruiter that specializes in the finance and accounting industry ensure that you give them full access to the hiring authority. In our experience this leads to a greater understanding of both the hard and soft skills you require in your candidate to drive success.

Efficiency
In a hot marketplace you cannot afford to have an inefficient hiring process. This spring we’ve seen candidates getting multiple offers. At the very least, shorten your hiring process by reducing the amount of time between interviews.

Scorecard
Create a scorecard that compares candidates across a variety of factors. Scorecards inject objectivity into the hiring process and help make sure that no key requirement is left unexplored.

Research
There are multiple facets to this point. Firstly, understand what the market can yield and what constitutes reasonable compensation. This will help get everyone on the same page and streamline the hiring process. Secondly, you should research each candidate by looking over their resume thoroughly before you start the interview. This will enable you to ask questions that target their skill set specifically and get you the details you need to make an informed decision.

The companies that are landing great candidates are the ones who have an efficient hiring process where everyone is aligned on the key requirements and compensation to be offered. If you don’t want to lose your candidate of choice in the 11th hour make sure that your hiring process makes it easy for them to choose your company.