It continues to be a candidate’s market, and focusing on reducing your time-to-hire process is essential. According to Harver, only 30% of companies can fill a role within 30 days, and 57% of job seekers lose interest if the hiring process takes too long. The remaining take anywhere between 1-4 months to make a hire!
Harver points out that when looking at your time to hire, you should start by collecting the correct data. The following list below gives you a starting point to consider.
- How long does it currently take you to fill a role?
- The time it takes for the candidate to move between the stages
- How your time-to-hire compares with the standard time in your industry
- The number of calendar days from the final selection to making the job offer
- The ratio of good to poor applications you typically get
Your goal should be to find ways to improve efficiency and effectiveness. Here are a few things to keep in mind.
- Have an efficient way to monitor/track applicants, whether through software or another method.
- Keep your application process upfront, straightforward, and easy.
- Prioritize job descriptions in a concise manner that will attract the best candidates for the job initially.
- Respond immediately to applicants when they apply, updating them with the process and any needed feedback.
- Keep your interview process consistent and efficient.
This article on Simplicant states, “Slow hiring processes aren’t always about a huge number of applicants or highly selective criteria. Sometimes, the issue comes down to good old-fashioned corporate inefficiency. In many cases, your company may not have the time or resources to devote to a new hire recruitment.” It mentions five reasons you have a slow hiring process and what you can do to improve.
- Narrowly defined needs – Streamline your applicant review process.
- Larger candidate pools – Organize your review process and eliminate candidates as you go.
- Inefficient interviewing – Pre-plan your interviews
- Improper position breakdown by HR – Have clear position information with concise definitions.
- Lack of decision-making – Set realistic expectations.
Avoiding hiring delays will be a benefit to everyone involved in the process. Morris Bixby Group can help you. Learn more today!