Growing
mid-size organization into large-tier organization
Mid-size organizations are essential part of
Indian business world. Rapid growth across most
industry sectors provides several opportunities
for maximizing the efficiency and strength of
midsize companies and build the advantage of
scale. When a mid-size company tries to grow
its market and brand equity, challenges grow
substantially. Before planning to increase productivity
and employee headcount, organization systems
are to be tuned with upcoming market trend,
operational leverage and competitive landscape.
Hiring innovative and talented employees is
a core challenge for HR teams at mid-size organizations.
HR managers have to be sensitive to the psychological
change existing employees go through as new
team members join in. Members in a team of 500
feel certain freedom, importance and flexibility
that are hard to replicate when team grows to
a size of 2000 or 5000. Cultural fitment in
existing teams becomes one of the main goals
while recruiting additional employees. Leading
mid-size firms need to employ a variety of innovative
hiring practices as a differentiator from other
mid-size organizations -
Proactive recruitment - Having
quarterly ramp-up plans in place can bring down
cost and time involved in meeting targets. A
Proactive hiring strategy ensures a higher quality
workforce that can deliver superior results.
Branding as Employer of Choice
- Taking time to learn the common attributes
present in the existing employees, and communicating
the reasons for future employees to join your
organization, can make the job change decisions
easier and quicker for a lot of candidates.
Moreover, when people see their roles and work
environment spelled in detail, they feel more
comfortable to join your teams.
Networking and Referrals -
Every firm makes several contacts on a regular
basis. Sharing growth and hiring plans with
this network is one of the most cost effective
ways to generate quality referrals. Need for
conducting background-check is reduced in such
cases and candidates being offered are more
likely to join the organization because of trust
factor with the referee. Additionally, having
an employee referral program gives existing
employees a chance to participate in the team
ramp-up process. Providing incentives to employees
and other contacts gives you a chance to leverage
the value that your existing network can offer.
Making employees feel special
- Small things like a call from the Vice President
of business unit to new hires a week before
their joining can help increase employer value
many notches in prospective employees' eyes.
Special acknowledgements spread very quickly
through word of mouth and small investment by
the organization can bring back significant
returns.
When mid-size organizations are ramping up
their headcount to double and higher levels,
it's imperative to have the adequate HR team
in place. A mix of specialized partners and
in-house staff capable of handling high volume
recruitment requirements works well for a number
of organizations. However, some organizations
take a step forward and outsource the hiring
function to an outside expert and realize the
efficiencies in cost and productivity. Also,
effectiveness of the hiring programs can be
more objectively judged when employer stands
on the outside.
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