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Posted by James Hawley, Executive Vice President, Veredus | Hays on Wednesday, Dec 9, 2015
81% of construction employers predict their business activity will increase in the next year across the US. As the pipeline of projects grows, so does the demand for skilled workers; contractors and construction management firms will begin the process of staffing their projects, either short term or long term. In last week’s blog, the advantages of hiring internally we’re discussed. This week – the advantages of hiring externally in part 2 of the interview with our new Global Managing Director of Hays Talent Solutions, Matthew Dickason.
Advantages of hiring externally
By hiring externally you are giving yourself access to a far larger talent pool, which is particularly important if you are looking for specific skills (often the case in construction, especially with the worker shortage).
New perspectives and ideas
Perhaps the biggest benefit of recruiting externally is all the new and varied perspectives that you are bringing into your business. Each new hire will have accrued a particular set of skills and expertise from their previous employer, and it’s by combining all of these that you can repeatedly come to the best and most efficient practices.
A competitive advantage
Hiring team members from competitors helps to provide you with some perspective on how effective your strategy really is. It’s easy in a familiar team to become insular, believing that, as a market-leader, you have nothing to learn from your rivals. You may find, however, that someone else has a smarter and more cost-effective means of doing something. And if they don’t, it’s reaffirming to know that your business processes are the most efficient and streamlined out there.
The multiple benefits of increased diversity is something that Hays recognizes and is passionate about. If you’re unfamiliar with the business benefits of diversity, read this Viewpoint blog. Diversity can strengthen a business from both within (e.g. gender diverse companies are 15% more likely to outperform their less diverse counterparts) and externally (mirroring the diversity of your customer base helps you to better understand and meet their needs).
There are clear benefits to both methods (internally and externally) of team building and so I reasoned that a mix of the two would provide the most diverse and dynamic team possible. Having now completed the hiring process, I feel we have a great team to support our future business growth.
Bringing it all together
The team members that I promoted from within the business should help me to quickly embed the external hires into the company culture and processes, whilst the new blood brought in from outside will contribute fresh perspectives and suggestions to the team in addition to meeting the niche skill requirements.
As a hiring manager myself, the various advantages of hiring internally or externally are strong for both. At the end of the day, the decision must come down to what’s best for your own business and team taking into account project expectations/deadlines, culture, skills required and the competitive landscape.
Are you facing hiring challenges in building your team? Contact an expert in your area today or discover more hiring tactics for the current market in the Hays Construction Recruitment & Retention Guide 2015/16.
Find out more about James Hawley, Executive Vice President, an expert in Construction & Property.