Amy, an employee in your office, came to you this morning and gave her two-week notice. You've dealt with plenty of resignations, of course, and you go into automatic-pilot hiring mode: Pull out the job description, call the HR department, give them the details and block out some time in your schedule to review the resumes that will soon come flooding in.
Sound familiar? If so, it might be time to rethink your process to include updating those old finance job descriptions. They could be the main thing preventing you from finding the best candidates for the opening.
Why? Two reasons, actually. First, if you start the hiring process with an out-of-date job description, you'll never be able to find the right fit for the job. And second, a misfit is much more likely to become dissatisfied and leave, starting the whole cycle over again.
On the other hand, a clear, accurate, well-written job description can put your recruiting efforts on a trajectory toward locating – and retaining – a superb match for your company's needs. Here's why great finance job descriptions are key to your candidate search:
1. They help you clarify exactly what you're now looking for in a job candidate.
When you take time to carefully create strong finance job descriptions, you can figure out what you really need from the person in the position. Remember, there's a good chance that things have changed in your company or in the industry since you last set out to fill this job. So think about it: Are there gaps in the technical skills in your office that you'd like to see filled? Could your department benefit from additional expertise in a particular subject area? If so, you might be able to adjust the job description for the opening to address those needs.
2. They force you to think hard about the responsibilities of the position.
The process of writing finance job descriptions allows you to assess the duties you're describing to determine whether they're compatible. For example, if you're looking for someone who can perform complex analytical tasks independently, that person might not be able to also work well on a tight-knit team.
You can also evaluate the qualifications you're asking for to figure out whether they're reasonable. While it might be popular to seek employees with master's degrees and all the highest certifications, if you go overboard, you could miss out on an otherwise qualified candidate who would have been a perfect fit.
3. They attract candidates who are better qualified for the job.
Well-written finance job descriptions leave no question as to the position's roles and responsibilities. Savvy job-seekers will apply for the opening only if they meet those qualifications and feel comfortable performing the duties explained in the description. As a result, you'll be less likely to hire someone who doesn't enjoy – or worse, can't perform – the required tasks. What's more, good job descriptions can help top talent better describe their abilities in their resumes so you can see exactly how they match the requirements of the position.
Strong finance job descriptions not only help you find the right candidates during the hiring process. They also help set the stage for a new employee's success. With a stellar finance job description in hand, that new team member has a set of clear guidelines and a strong picture of management's performance expectations from Day One.