Dive Brief:

• Small businesses don't have the same arsenal or budget when it comes recruiting, but that doesn't mean they can't be competitive recruiters, according to Business.com.
• Landing the right talent, the article notes, takes some creativity, especially when trying to maximize resources.
• When hiring on a budget, forget about the financial factors, the article says. Concentrate on getting the right person even if it costs a few dollars more over the process. Making the wrong decision will cost even more in turnover and lost productivity.

Dive Insight:

The article offers five ways to optiimize recruitment for firms on a tight budget, including: know when to outsource, use small to your advantage, offer competitive non-salary benefits, clearly set expectations and leverage existing employees.

Being small can be an advantage, so play up the fact that talented people will not get lost in a large, faceless organization if they come to work for your firm. For some people, a new job is as much about the challenge as it is about compensation. Most of all, it’s smarter to spend a little more on hiring the right person because it will maintain, and often boost, productivity, morale and reputation.