Improving your hiring process can help you gain an edge in your industry, by hiring highly productive employees that are overlooked by your competitors.
Unfortunately, the average time to hire is somewhere around 43 days from job opening to the final handshake.
And if by chance you get a bad hire, then that brings you back to square one while draining your time and resources.
It’s important to reduce the costly delays and inefficient processes that may lead to poor hires and, ultimately, lost revenue.
There are two important factors that recruiters should not compromise on when hiring top talent, speed, and quality. Discovering, contacting, and pushing candidates through the funnel quickly can often make or break finding that perfect hire. A bad hiring decision can be expensive. Replacing an employee can cost anywhere from thousands of dollars to hundreds of thousands of dollars in addition to the effects on morale and company culture.
WHAT CAN A PROPER HIRING PROCESS DO?
Help you attract and retain high-quality employees
Improve your talent acquisition process
Reduce the number of interviewers in your process
Change your company culture
Remove inefficient interviewers from the hiring committee
WHERE DO YOU START IN THE HIRING PROCESS?
Hiring is an important investment, and going into it without understanding the requirements can do more harm than good. So, identify the need, and make the decision. Then, set out with a clear and specific job description.
Once you get the job descriptions together, start posting recruitment ads to attract new candidates.
Manually maintaining the database and communicating with hundreds of candidates can be time-consuming and error-prone. And the cracks in your hiring process will show in the form of candidate abandonment rate.
The first step in the selection process is resume screening. To save time, you can automate this step with an Applicant Tracking System. Once you have the shortlisted candidates, start with the phone screening. Select the best candidate, onboard, and train the new hire.
SOME ISSUES THAT LEAD TO AN INEFFICIENT HIRING PROCESS
Effective recruitment is all about planning. At every stage of the hiring process, it’s important to take the time to plan out how you’re going to execute a goal.
It’s critical that recruiters clearly explain what they expect from all candidates to be successful on the job. This saves time and energy in screening unqualified candidates during the recruiting process.
Internal communication is not happening. Having a regular dialogue with the leaders and managers in the company will ensure that you are planning and providing clear and accurate requirements.
HOW DO YOU MAKE THE HIRING PROCESS MORE EFFICIENT?
While there are many ways to make the hiring process more efficient. You must fill your talent pipeline. Recruiters have to take the time to create relationships with high-caliber candidates regularly.
Filling your talent pipelines:
Go through your past candidates and keep the communication open
Source candidates who may not be looking right now
Attend networking events and industry. groups
Interact in social media with people in your industry
It’s important to know what is required as new roles pop up.
Task automation
Remove time consuming tasks from the mix. Task automation improves the overall speed and quality of your hiring process.
Collaborative hiring
This is one way to ensure that effective communication is maintained throughout the hiring process. It is important to get as much input during the hiring process as possible.
Screening candidates
The most time consuming recruitment phase is usually screening candidates. Screening involves resumes, scanning, scheduling, shortlisting, conducting interviews, and then deciding to give that final job offer.
Make it easier for candidates
It can be intimidating to give candidates a lengthy application just to apply. Make sure the platform is user-friendly and easily accessible. Use tools that can schedule meetings, interviews, and reminders with candidates easily.
Hiring doesn’t have to be a chore. The success of your client and culture comes from the hiring process. Hiring is not easy, takes a lot of effort, and you must keep up with industry changes. You can achieve the efficient hiring process that your team has always dreamed about.