When it’s time to hire, time is always of the essence. Not only is faster hiring an effective way to reduce your cost-per-hire, it can give you a better chance of securing top talent before they get snapped up by a competitor. No matter which industry you’re recruiting for, the time-to-hire metric is likely to be one of your most valuable performance indicators.
So how can you reduce the friction and increases the velocity of your hiring process, without working at twice the speed and suffering from recruiter burning out in the process? Like a professional athlete, making minor adjustments in your training and approach can make all the difference when you hit the field of play.
The plain and simple reason why you should hire faster is that the best candidates have a short shelf life. Once you’ve uncovered a promising individual, there’s only limited time to act, and even then you may already be too late. The reason? Many employers and recruiters are using ever more inventive and time-efficient tactics to get the right candidates quicker through the door.
The so-called ‘The Great Resignation’ – where millions of US workers voluntarily left their jobs – means that when it comes to the job market, the supply of vacant positions is now outweighed by demand. In addition, there’s also a notable trend amongst millennials (those born between roughly 1980 and 1996) to change jobs more frequently than other generations. A recent Gallup poll revealed that 60% of millennials are open to a new job opportunity.
With the terrain of the general recruitment landscape mapped out, what can you do as a recruiter to navigate it quicker and more effectively? Here are our top ten tips for hiring faster.
Hire slow, fire fast. That’s how it goes, right? The temptation to rush through a hire without going through the proper process and due diligence can easily lead to you selecting the wrong candidate: someone who’s not a good fit for a company’s culture; a person who’s going to onboard and then up and away after weeks or months.
All that time and money wasted on sourcing, interviewing, and onboarding the wrong person (or people) could have been better spent on improving the efficiency and effectiveness of your hiring process, ensuring your efforts to secure a placement are rewarded with the right person for the role.
Hiring faster shouldn’t equate to a drop in your hiring standards. In fact, a faster, more efficient hiring process should lead to better hiring results. PCRecruiter has been helping recruiters secure the best talent since 1998. Find out how our software streamlines the hiring process from end-to-end, bringing automations and configurations that can ramp-up your speed and efficiency. Discover our tech.
Digital tools for recruiters are rapidly evolving. Used properly, new technology can enhance every aspect of the recruitment process, including sourcing. Automating the extraction of relevant candidate data from social platforms like LinkedIn or job sites like Indeed has become commonplace.Read more
Back in October, Google announced changes to their email handling policies designed to combat spam. These new changes will be fully in place by February 2024. Yahoo/AOL has announced similar policies and others will likely follow suit. While the changes should mostly have a positive effect — reducing the amount of junk and scams that get to inboxes — they could have a negative effect on your recruiting process if you rely heavily on cold email or aren’t using properly configured outgoing email systems.Read more
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