Every organization wants to hire the best hands, but not every company is able to achieve this goal. Many small and medium businesses (SMEs) face hiring challenges, including poor recruitment management, difficulty getting top talent, lack of data-driven processes, overall high costs per hire, and more.
Research shows that many organizations spend between 30 and 50% of their annual wages to replace an entry level employee. They lose up to 150% to replace a mid-level employee, and a whopping 400% to replace a high-level employee. This extreme cost is avoidable if these companies embrace employee recruitment systems.
Companies that use HR recruitment software save an average of 30% on recruitment costs, according to research.
A recruitment system is a tool that helps employers and HR managers streamline, automate, and manage employee recruitment and hiring processes.
Pyarun’s Recruitment System is one of the best hr systems designed to help SMEs automate and accelerate employee hiring processes. Find out more about the value Payrun offers below!
Hiring challenges for small and medium-sized business (SMEs)
Many SMEs struggle with hiring and onboarding employees for several reasons.
- Limited Funds: Many SMEs have tight budgets, which make it hard to attract and hire top talents. Therefore, they need more cost-effective recruitment strategies.
- Competition: When competing against large corporations to get skilled workers, they are bound to lose as these companies offer better hiring processes
- Inefficient Hiring Process: Most SMEs lack proper talent acquisition systems. The absence of these systems puts the burden of hiring on existing employees. These employees often have other responsibilities and lack hiring experience.
- High Cost per Hire: Without recruitment software and other resources, SMEs are faced with a high cost per hire. This high cost limits the number of candidates they can interview and employ. It can make an SME settle for employing average candidates who don’t suit the role.
Features of Payrun’s Recruitment System
The features of Payrun’s recruitment system are what every SME needs for a smooth hiring process. They include:
- Activity Dashboard to track applications
- Alerts/Notifications for updates during the hiring process
- Applicant Tracking throughout the process
- Approval Process Control for different employment stages
- Recruitment stage Tracking
How Payrun helps you choose the best candidates for your business
Payrun is a simple HR software that helps you attract and retain top talents for your SME with low hiring costs and a seamless process. Here’s how:
- Payrun is a free hr management software that helps you broaden your talent reach by designing a clear job description and an attractive job ad.
- With Payrun, you can list out the features/skills you need in a staff and the software will streamline your job description to find them.
- When you have too many applications, Payrun helps you automate the screening process and highlight the best candidates for the job.
- Payrun saves time by automating every stage of the recruitment process, ensuring you can speed up hiring without losing quality candidates to other companies.
- Payrun creates a database that helps you manage all candidate details without hassles, mix-ups, or challenges.
Key Benefits for Small and Medium-Sized Businesses Using Payrun
When you use the Payrun recruitment system for your SME, you enjoy key benefits such as:
- A streamlined and automated process
- Free plan/Affordable Plans for recruiting software
- A simple User Interface that allows HR members to collaborate on the hiring process
- Comprehensive hiring process
- Onboarding software for small business
How Payrun’s Recruitment System Simplifies Your Hiring Process
Payrun’s online recruitment platform has a simple step-by-step process that simplifies the hiring process for your SMEs. Here’s the process:
- Go to the hiring section of your dashboard.
- Create New Job
- Enter all job details including employment type, description, and deadline.
- Design an application form for easy responses.
- Invite the hiring team to collaborate on software and edit job applications.
- Publish, and receive applications.
- When applications come in, on the application section, you find applicant details, including name, position applied for, stage of application, department, applicant rating, and actions to be taken.
- You can filter based on post, application date, applicant name, and applicant rating. You can also filter based on stage. E.g. Interview, Negotiation, New, Offer, Rejected, and Shortlisted.
Conclusion
If you are an SME owner or HR head, try Payrun’s free hr management software today and never have a stressful, costly, and below-standard employment process again!
If you want to know more about Payrun’s attendance and leave management, you can explore the following blogs how to track employee attendance and simple leave management system.
