Why Immediacy is Crucial in Hiring Practice? |
Posted: August 8, 2016 |
The fierce competition for top talent has made immediacy a crucial hiring practice. Studies show that around 70% of the candidates are lost due to slow hiring. If you have made a decision to hire a candidate, it is a good idea to make an offer immediately. If you take a long time to let the candidate know, you’ll discover that he has already accepted another offer. You need not sacrifice quality for the sake of reducing the hiring time. Make sure that you do not miss out on important steps such as employee background checks or sex offender searches. However, ensure that your hiring process is optimized to meet a candidate’s expectations for quick results.
Each step of your hiring process needs to be evaluated and your recruiting strategies should be made more proactive. Build a Pool of Talent As soon as you put up a job posting, you need to line up candidates for interviews. Instead of spending endless hours vetting resumes, proactively pick up candidates that are prepared to attend the first round of screening immediately. Schedule the second round without too much delay. Candidates are less likely to mull other companies if your hiring process provides them with quick results. One way to speed up your hiring process is to look for passive candidates based on their qualifications as often as possible. This essentially means that when you have a position available, you already have a pool of talent waiting to be interviewed. The Need for Speed Traditionally, it took 3-4 weeks before a candidate was intimated about his selection or rejection. In today’s age and time, a candidate expects a quick movement from the first interview to the final decision. Today’s job seekers expect you to extend an offer within a week’s time. The demand for highly skilled workers is very high and if a candidate is kept waiting for an offer from you, they will move on to their next best option! This is exactly why optimizing your hiring process to include continuous talent hunt and proactive recruitments is essential. If you do not meet a candidate’s need for speed, someone else will – and your most promising candidate will be hired by your competitor instead! Immediacy must however not be misunderstood as haste. The overall efficiency and quality of your hiring process decides the kind of candidates you recruit. So, make sure that you complete all the steps that have been outlined in your hiring process. Screen resumes carefully, line up interviews, screen for job related skills, run background checks and once you are absolutely sure, and then make an offer to the candidate. So, if you feel you have the right candidate, do not delay the decision. It’s best to identify the parts of your hiring process that are causing unnecessary delays and making amendments before you start losing valuable candidates to your competitors. Review each step and eliminate redundancies wherever possible. It’s a good idea to complete the initial screening over the phone itself. This will eliminate some of the candidates and you can then schedule the remaining for the next round.
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