Improving Your Hiring Strategy By Applying Marketing Principles

By adopting fundamental marketing frameworks and ideas, you can solve common hiring problems effectively. This article introduces the Four P's of Marketing and demonstrates how they can be transformed into the Four Core Puzzle Pieces for Recruiting Applicants. Get ready to optimize your hiring results with these powerful strategies.

There is one core concept that will completely change the way that you look at your approach to hiring. And that is...

Hiring is just marketing.

If hiring is marketing, then we need to stop looking at the hiring world to solve our applicant flow problem.

Instead, we should adopt some of the fundamental frameworks and ideas that marketers use. These marketing principles are our go-to for how to solve all hiring problems.

The Four P's of Marketing

These have been used by marketers for decades and the idea is all about maintaining, balancing, and improving these four core areas.

1. Product

2. Price

3. Placement

4. Promotion

The problem is HR professionals, managers, and business owners tend to be too one-dimensional when it comes to finding people to hire. Some HR professionals don't see recruiting as a puzzle that needs to be solved. So, rather than actively trying to adjust and improve those four parts, we make these few common mistakes...

We tend to be fairly passive. Most employers believe that... "you get what you get and you don't throw a fit". We assume there's nothing we can do to improve the quantity or quality of applicants who are applying for our jobs.

Most people also end up assuming that the only way to fix our hiring pains is to throw money at the situation. We end up focusing on dollars as the ONLY variable we have to improve our results. This belief is based on two main monetary measurements...

1. How much we're willing to pay employees, and
2. How much we have budgeted to spend on job boards.

This simply isn't true.

Use marketing ideas to improve your hiring!

When we take these four things and create the hiring version of it, it becomes a very powerful way to think about your current hiring approach. This provides a simple way to find opportunities to improve.

I've taken the Four P's of Marketing and converted them into what we call...

The Four Core Puzzle Pieces for Recruiting Applicants

1. Price becomes Pay.

2. Placement becomes Source -- Where are you targeting applicants?

3. Promotion becomes Job ads-- The advertisement that you put on the job boards, on your website, etc.

4. Product becomes Job offering-- What is the experience of working for your organization?

How can you use these four puzzle pieces to improve your hiring results?

Look at each of the areas and focus on making consistent changes, adjustments, and improvements over time. The easiest way to do this is to have a series of questions to ask yourself.

Questions you should be asking yourself...

You can think about this for your entire company or you can zoom in on an individual job:

Pay...

• How does our pay and benefits package compare to the companies that we compete with for talent?
• Are our pay and benefits offerings competitive? Are we better? The same? Worse?

Source...

• Where do our applicants come from right now?
• Are we completely reliant on job boards?
• What can we do to increase our results from these sources?
• What other sources are available?
• What are we doing to actively engage those sources?

Ads...

• Does our ad attract, engage, and convince the right people that this is an amazing opportunity for them?
• Does our ad get people excited about applying for the job?
• Is our ad focused on the employer and our list of demands?
• Or, Is it focused on the potential job seeker we're trying to attract?

Job Offer...

• Is the job offer beyond just paying benefits?
• How well does the experience of working for us align with the needs and desires of the job seeker?
• How good is the experience of working for us?
• How well does this experience fulfill what the job seeker is after?

The job offer should include things like culture, values, manager, perks, location, schedule, growth opportunities, etc.

Is your company too focused on one of these areas of hiring and ignoring the others?

These are some of the most powerful tools that HR and business owners often overlook when it comes to improving their results. This stems from the belief that there's nothing we can do to improve our outcome.

But, time and time again, we've seen that these small improvements have the ability to increase applicant flow by 50-300%. Not by spending more money... but by working on the other parts of the hiring puzzle.

Optimize your hiring process by leveraging marketing principles and transforming the Four P's of Marketing into the Four Core Puzzle Pieces for Recruiting Applicants. By considering all aspects of pay, source, job ads, and the job offering, you can fuel your talent engine without solely relying on increased spending. Download our Guide to Recruiting with the 4 P's of Marketing to unleash the full potential of your hiring strategy and revolutionize your approach today.