If you are a new business in Australia that has recently started to expand and you want to hire more employees then it’s likely that you’re not overly familiar with how much it actually does cost to bring a new employee onto your books. There is so much to do like advertising the position in the first place, inviting people to come talk to you and then there is the training that needs to take place as well. This can amount to quite a significant amount of money and so for a small business, you need to do whatever you can to reduce your expenses while still trying to get the best talent that is out there.

The good news for you is that you can take advantage of a wage subsidy scheme and this is when the government will actually pay your business to hire specific people who may have some kind of disability, they may be living with some kind of health condition or they have some other disadvantage. It doesn’t mean that they can’t do the job like any other able-bodied person but the scheme is set up to give these types of people the opportunity like everyone else. This means that your business gets a qualified person and you get to save money as well. This is just one tip to help reduce recruitment costs and save time and the following are a few more.

• Set up a talent pool – As you hire more people and your business continues to grow, there will be people that you will turn down for certain positions but you still feel that they would be perfect to come work for your business. It makes sense then to keep their details so that you can reach out to them in the near future rather than use marketing services and this saves you an incredible amount of time and money.
• Set up a referral scheme – We know it is expensive to start the hiring process from scratch so this is why it makes perfect sense that you would encourage your current staff members to make recommendations when it comes to suitable candidates. You might even want to offer your employees a financial incentive to send qualified people your way that they already know.
• Start using social media – It is fair to say that so many Australians use social media websites to find new opportunities and to reach out to potential employers. Using this will provide you with a free option to advertise positions and so you don’t have to pay for advertising like you normally would. Certain people will see the job and tell their friends about it and this makes life easier for you.

Don’t be afraid to use technology to help you in your hiring processes and it is quite possible to purchase software solutions that can automate many of the things associated with hiring a person. Also, try to limit the number of candidates that you invite for the final interview and focus on the highly qualified ones.