Recruiting the right people is crucial for any business. But beyond skills and experience, finding individuals who align with your company’s values can take your recruitment to a higher level. This is where values-based recruitment steps in, focusing on identifying applicants whose beliefs and motivations align with your company culture.
Imagine your company culture as a vibrant garden. The plants (your employees) thrive when they share similar needs for sunlight, water, and care. Values-based recruitment focuses on identifying candidates who, like those perfect plants, flourish within your company’s unique environment.
This approach fosters a positive work environment, reduces turnover, and strengthens your team. Learn how to leverage this method – and the data and analytics tools that make it work – to build a team that really thrives!
Why is values-based recruitment important?
There are compelling reasons to embrace values-based recruitment:
- Reduced costs: Hiring the wrong person can be incredibly expensive. In fact, research shows that in the UK, this cost is on average 3 x their salary, so a poor hire earning £100k costs the company £300k or more. If that shocks you, you’re not alone – but the good news is that values-based recruitment helps you avoid bad hires, minimising costs associated with high turnover, onboarding, and retraining.
- Improved productivity: When employees share your company’s values, they’re more engaged and motivated. This translates directly to increased productivity and better results.
- Enhanced retention: Employees who feel valued and aligned with the company culture are more likely to stay. This reduces the need for constant recruitment, saving you time and money.
- Boosted employee satisfaction: A team that shares common values fosters better collaboration, trust, and a positive work environment. This leads to happier employees and a more enjoyable work experience for everyone.
- Stronger employer brand: Focusing on values demonstrates a commitment to building a positive company culture. This can attract top talent seeking a meaningful work environment, enhancing your employer brand.
Click below if you’d like to know more about software and analytics tools that can power values-based recruitment
The data-driven advantage: optimising your recruitment process
While traditional values-based methods often rely on behavioural interviewing techniques, Ikano offers a specialist tool that takes it a step further. This tool utilises a data-driven approach to optimise your recruitment process.
Here’s how it works:
- Matching values and criteria: The tool carefully matches candidates to your pre-defined company values and other selection criteria. This ensures a high degree of alignment from the outset.
- Harnessing employee data: The tool goes beyond analysing individual candidates. It also leverages historical employee behavioural data to identify patterns associated with success within your company culture.
- Predictive analytics: By analysing this data, the tool can predict which candidates are most likely to thrive in your environment, leading to more informed hiring decisions.
Beyond the initial hire: continuous monitoring and improved retention
The benefits of this recruitment software tool extend beyond just finding the right fit initially. It also offers:
- Ongoing data monitoring: The tool continues to monitor employee data throughout their tenure. This allows for proactive identification and mitigation of potential issues, fostering a more positive work environment and reducing turnover.
- Retention optimisation: By addressing potential issues early on, you can improve employee retention, saving on re-recruitment costs and ensuring a stable, experienced workforce.
Invest in your future: recruit right, build strong teams
Values-based recruitment, especially with the power of data and analytics, is a smart investment for businesses of all sizes. By finding the right people from the start, you build happier, more productive teams, reduce costs, and ensure long-term success.
Get a FREE demo today – discuss values-based recruitment from Ikano Insight and start cultivating your company garden today!
