The current candidate-driven market is affecting how hiring managers must work to access top quality talents. Job openings continue to outnumber the qualified talents available as the unemployment rate hit its lowest point. However, there has never been a better time to find the right candidate easily. But will giving in more time be beneficial?
Based on the recent workable data, hire rates is at 51 days for IT roles and 60 days for engineering roles. A lot of companies exceed this number of days in their hiring process; they presume it will lead to quality talents. This is not true; it does exactly the opposite.
Recruiters should understand that the most talented candidates do not last beyond 2 weeks on the market. In that case, employers vying for top talents should learn to improve the speed of their hiring process.
Here are simple and effective ways to reduce your entire hiring time and still net the in-demand professionals.
Start with the job description
Your job description should not be developed by the HR or the recruiting team. Let the team working directly with your potential employees develop the job description. This is to ensure that the description is more detailed and equally reflects precise information. Employers should also emphasize the need for transparency, clarity as well as inclusivity while crafting the Job description. When these are in place, the selection process becomes faster and attracts the right applicants.
Utilize employee’s network
Your employees are obviously part of what is called employee’s network. This is a network of professionals from other organizations including your competitors. It is possible that your experts are aware of a colleague from other organizations seeking to secure the next available opportunity. Allowing them to make referrals for your organization connects you with candidates of their caliber. You will need to create a suitable referral incentive program to stimulate the full participation of your employees.
Despite all campaigns for speed, some employers would still not fancy fast-track hiring process, considering the cost of making a bad hire. Instead of taking the candidates on a permanent basis, consider giving them a role based on contract. It affords your company quality time to review the candidate’s skills and culture fit, including how they work daily. While the candidates, on the other hand, gets the opportunity to find out if the role and the company fit their career.
Outsourcing is a good option
There is no better way to speed up a hiring process and yet be confident in finding the most suitable personnel than to outsource to a reliable recruitment agency. Simply provide them with your hiring needs, and they are there to do justice to that in a professional manner. They guarantee to give you qualified applicants within days of your application. With a staffing agency, you achieve a hiring speed that is not possible when handled with your own resources.
Do not allow the need and pressure of hiring to affect your hiring process. Take full advantage of the above-listed strategies to improve the speed of your hiring process and to net the top talents.