How to Save Time and Money in Your Hiring Process

Updated: June 10, 2010

BizTip #1 - Use selection hurdles that are appropriate for the job in question.

You're wasting your time and money if you use hurdles that are unsuitable for a particular job. For example, if you want to hire someone for an entry-level clerical job, it would not be cost-effective to put applicants through several rounds of testing and interviewing to weed out people who don't meet your requirements. However, if you want to hire a manager, using assessment simulations and panel interviews are probably worth the effort.

BizTip #2 - Always start with minimum qualification requirements.


Use less costly and time-consuming hurdles earlier in the hiring process. Make sure you tell people about minimum qualifications before the application process begins. It makes no sense wasting time evaluating individuals who don't meet basic job requirements (e.g., driver's license, college degree, relevant work experience, willingness to work different shifts).

BizTip #3 - Measure applicants' skills and abilities before you conduct job interviews.

Skills tests are relatively inexpensive compared to what it costs to interview applicants. Interviews are costly because they eat up interviewers' time. So test people before you interview them. There's no reason to interview individuals who don't have what it takes to be successful. Don't make the big mistake of failing to screen applicants before you interview them.

BizTip #4 - Assess job-related personality traits only if skills test standards are met.

Personality tests usually are more costly than skills tests. To save money, administer personality tests only to those individuals who have met the standards on the skill and ability tests. Make sure, however, that you use personality tests that measure the right traits needed for success on your jobs.

BizTip #5 - Use screening interviews before conducting in-depth interviews.

Prioritize competencies needed for your jobs. Then focus on these areas during shorter, preliminary interviews to eliminate people who are least likely to succeed on the job. Screening interviews can be an effective way to identify applicants who deserve more attention during a more costly and time consuming in-depth interview. Avoid using "casual interviews" and conduct structured job interviews to meet your specific business needs.

Featured Research
  • 10 BI Myths Busted

    The Business Intelligence (BI) and analytics market is expected to grow to $20 billion by 2019. Modern BI software systems are quickly becoming a vital business growth tool and bring massive benefits to businesses, large and small. more

  • The Role of Self-Service in Modern Contact Centers

    By 2020, 85% of customers' relationships with companies will be managed without any contact with human services representatives. What does that mean for your business? The data shows that companies need to offer effective self-service options in order to remain competitive. However, many contact centers are confused about how their core contact center software fits into self-service. more

  • 7 key questions to ask any ERP provider

    Having a fast-growing business is good. Having to overhaul your technology every time you need to scale is not. Upgrading to a more complete Enterprise Resource Planning (ERP) solution can help, but how do you ensure the solution you choose is exactly what you need? To help you with your search, we’ve pulled together 7 key questions every fast-growing business should ask before choosing a cloud-based ERP solution, including: more

  • How Finance Leadership Pays Off

    Oxford Economics recently surveyed 1,500 finance executives and it’s clear that small and midsize companies are growing significantly faster than larger companies. But, there are also big opportunities for finance to increase efficiency, boost financial performance, and work more strategically. Why is that? more

  • Professional Services Audience – Improve Profitability Infographic

    As a Professional Services Organization (PSO), you know the importance of customer satisfaction. In fact, 47% of PSO leaders say managing changing customer expectations is their top challenge. That’s why many firms are engaging smarter project management technology, even before deals are signed, to ensure project profitability. How are these leaders utilizing technology? Find out now. more