Like most organizations, whether large or small, you have likely had to streamline budgets in all areas of the business, including recruiting. If you have to fill open positions with a limited budget, you need to be both highly targeted and creative in your recruitment strategy. The approach you take will determine how much you spend, if you find quality candidates and if you achieve the best ROI for your hiring budget.

Below are some suggestions on cost-effective approaches to maximize the value of your recruiting dollar without hindering your ability to attract top talent to your organization.

1. Develop a recruiting plan.
First and foremost, define the key areas of your search. This should include the position(s), budget and timeline. Once you have determined the core competencies of the candidate(s) you are looking to hire, ensure that all principles involved in the recruiting process (HR, executives, direct reports) reach a mutual consensus. From there develop a detailed job description that outlines the exact requirements of the position.

2. Select job boards that offer targeted advertising. Targeted advertising will not only boost your qualified responses but also your return on investment. Before you choose an online job board, research which ones offer advertising targeted by demographic, geographic or interest level; where your ad is presented to relevant seekers on multiple sites. This will attract more qualified candidates.

If you are embarking on a diversity hiring strategy, job boards like can help target a diverse pool of candidates and achieve your compliance goals