Managers who have received the green light to actually hire an employee these days are likely facing an uncomfortable reality — they are restricted to offering a limited salary with very little “wiggle room.” The good news is that there is a great deal of talent out there looking for positions. Here’s what you can offer to attract outstanding candidates despite budget constraints:
Stability: The employees you’re interviewing have experienced the stress of an uncertain work environment. If you’re hiring, chances are that your business is more stable than the one the employee has left. Emphasize the security you’re able to offer.
Work-life balance: If you can’t offer a prospective employee a significant salary, offer the currency of time. Can you provide a generous vacation policy? Allow workers to leave early for kids’ activities? Let them work remotely one day a week? Explore what would be most meaningful with your prospective candidates and see what you can do.
Meaningful work: Surveys show that employees value the opportunity to make a difference. Can you give employees time off for volunteering? Does your team contribute to a worthy cause?