Traditional recruitment methods may not be enough to lure top-notch talent to your organization anymore and businesses are noticing these changes in the labor market. Applicants have become more selective of the opportunities that match their preferred lifestyle and needs which means companies are in need of more creative ways to attract talents to join your team. 

Key Takeaways:

• Embracing creativity and innovation in your recruitment strategy will set your organization apart. 
• These are the best approach to attract employees to join your team. 
• The impact of on-demand pay on your recruitment strategy.

In this blog post, we explore four innovative approaches that can help you stand out and attract quality candidates for your dream team. 

1. Offer Project-Based Opportunities

Incorporate the gig economy into your hiring strategy by offering project-based opportunities. Many skilled professionals, including freelancers and consultants, prefer flexible work arrangements. By providing short-term projects or freelance positions, you can attract top talent who value autonomy and work-life balance. Highlight the benefits of contributing to exciting projects without the constraints of full-time commitments.

This is made easier to execute since finding the compensation methods that match the needs of workers under this non-traditional arrangement is easy thanks to the rise of on-demand pay providers like Clair. On-demand Pay is an additional financial wellness benefit that lets employees both full-time and part-time workers get paid as soon as they finish work.

Showcase Project Impact and Growth Opportunities

Illustrate the potential impact of each project on your company's success. Emphasize how these opportunities can lead to future growth, additional projects, or even full-time positions. The prospect of making a tangible difference and building a diverse portfolio will attract ambitious and forward-thinking individuals.

2. Initiate Employee Referral Programs

Recruiting the right people and building the dream team for your company has been a pillar of cultivating and maintaining organizational success. According to a JobVite study, 46% of employees hired through referrals remained with the company for at least one year. In comparison, only 33% of individuals hired through career sites and merely 22% hired through job boards stayed with the company for the same duration.

Try to leverage your current employees as recruiters by implementing a robust employee referral program. Offer incentives to employees who refer successful candidates, encouraging them to tap into their networks and recommend suitable talent.

3. Offer Unique Perks and Employee Benefits

Consider offering distinctive perks and benefits that set your business apart from others. This could include financial wellness programs, pet-friendly offices, paid volunteer days, or even customized benefits packages tailored to individual preferences.

If you’re wondering where to start, Clair offers a slew of financial wellness benefits that are free for you to offer and free for staff to use. When you offer on-demand pay to employees, you’re increasing your chances of attracting talents to join your team while helping them reduce their financial stress as having access to their earned wages becomes a safety net for when they need money right away.

4. Prioritize Employee Mental Health Support

According to the World Health Organization, 15% of the world’s working adults live with a mental disorder that can affect their confidence to perform at work. This led to an uptick in candidates seeking employers who prioritize employee mental well-being. Offer comprehensive mental health support programs to demonstrate your commitment to creating a healthy and supportive work environment. 

Provide Flexibility and Work-Life Balance

Offering flexible work arrangements and paid time off can highlight your company’s commitment to employee work-life balance. Emphasize how you encourage employees to take care of their mental and physical health, leading to increased productivity and job satisfaction.

The Rise Of On-Demand Pay And Its Impact On Your Recruitment Strategies

A survey showed that 3 in 4 employees want access to their earned wages before payday, and more than half of the employed Americans believed on-demand pay was a more attractive benefit than additional paid time off. The rise of on-demand pay brings power to employees to choose employers who offer such unique benefits. If your business isn’t offering this yet, you might be missing out on opportunities that can redefine your recruitment strategies. 

Here’s why on-demand pay has been one of the most sought-after employee benefits by applicants: 

• In times of uncertainty, individuals seek immediate access to their hard-earned money.
• Numerous employees require timely access to funds to avoid resorting to high-interest loans that could lead to financial stress.
• On-demand pay addresses prevalent financial challenges like expensive healthcare, living paycheck to paycheck, and managing educational debts, which are widespread among the workforce and gig economy participants.

Get started implementing on-demand pay for your employees within the workplace, schedule a demo and we’ll walk you through how Clair can help your business attract employees.

At the beginning of this blog, we mention why traditional employee benefits just don’t cut it anymore in terms of attracting the top guns out there. If you wish to build your company’s dream team, embracing creativity and innovation in your recruitment strategy will set your organization apart. By understanding the evolving preferences of job seekers and implementing these strategies, your organization can create a compelling choice by top talents. Start implementing these ideas today and see your team flourish with exceptional talent!