Talent shortages and increased competition has made hiring difficult in a pandemic. Top candidates are often swept off the market quickly, meaning businesses who fail to act fast are left to choose from a smaller, less-qualified applicant pool. You’ll be able to sign the most in-demand talent by shortening your recruitment process before your competition lures them away.
Fortunately, you can speed up the hiring process and hire the best talent on the market.
Hiring is often a slow, complex process. Before a hiring campaign starts, you need clear knowledge of what you’re looking for in a candidate. Then you search. Then you vet. Then you interview. Finally, you have a shortlist.
Here are some of the most common reasons why the hiring process is so slow.
Before you can write an effective job description to attract the right kind of candidate, you need a comprehensive description of the job responsibilities and a clear idea of what kind of person is most successful in the position.
Are your most successful employees in this role personable, high-energy go-getters? Are they low-key, compassionate people-pleasers? The language used in advertising should be crafted to appeal to the best personality type for the job.
Starting with a targeted candidate pool will save you tons of time spent weeding out unsuitable candidates during interviews. Personality tests administered to your top employees can help you establish a job baseline for the person most likely to succeed.
Interviewing is both an art and a science. Most interviewers use the same tired questions anyone can find online and hear the same canned answers as a result. To avoid the most common problems with the interview process and speed up hiring, you can tailor each interview to the job and ask revealing questions. This will likely give you insight into traits like integrity, problem-solving ability, and personal values.
Having to sort through a large number of job applications is a common reason why the hiring process takes so long. Fortunately, there are many tools to narrow the list to a shortlist of great candidates before the interviewing process happens and speed up the recruitment process. For example, you can make tailored pre-employment tests part of your application process and interview only the top candidates.
Very few job candidates are going to be perfect, closeby, and instantly available. If you’re committed to holding out for a prodigy with a proven track record, don’t expect a fast recruiting process. If you’re evaluating candidates based on gut instinct, expect another barrier. Only a data-driven scientific approach will offer realistic expectations and a faster hiring process.
Top talent is always in high demand, especially so when unemployment is low. Don’t expect talented job seekers to stay on the market for long. If unnecessary procedures and red tape complicate your hiring decisions, you could end up losing the most qualified candidates. Additionally, your hiring process could get even longer.
The pandemic has changed everything for job seekers. The last couple of years have been dubbed “The Great Resignation” because so many people have left their jobs for new opportunities. Companies are hungry for top talent, and with remote work the new normal, they can find that talent anywhere.
In this highly competitive market, you may wind up either having to settle for a less qualified candidate or resign yourself to a long, slow job search if you’re not prepared for fast-recruitment.
If you try to rush the hiring process, you may end up overlooking key aspects of a candidate and making a costly bad hire. Similarly, moving too slowly in the hiring process can also have negative consequences:
With so much at stake, it might be time to rethink and streamline your hiring strategies. Here are seven ways to make fast recruiting your new normal.
The BLS reports nearly 11 million jobs unfilled in the United States. With a scarce talent pool and a highly competitive market, finding qualified candidates might be a challenge. As a result, an increasing number of organizations are pivoting to internal mobility and identifying hidden talents internally. Aptitude tests and personality assessments can help you find and polish hidden treasures.
In order to speed up your hiring process, you need to answer the question “how long does the recruitment process take at my business?” Start by getting an accurate measurement of your current time to fill.
Time to fill is the total time it takes to fill a position. It begins when your organization decides to fill an existing or upcoming job opening and ends with a new hire.
Once you’ve established how long it takes, you’ll be able to pinpoint problematic areas and pinpoint areas to shorten.
Your job posting is the key to attracting the right talent. Information should be accurate and concise. List job responsibilities, education and experience requirements, and what kind of candidate you’re looking for. It should also be persuasive, giving a rosy overview of corporate values and culture. To reach top talent, you should also make the advertisement inclusive.
What’s more, you should also incorporate language that specifically attracts the right personality types per position. Using wording that would appeal to a risk-taking, fast-paced personality may not resonate with a detail-oriented perfectionist and vice versa. Accuracy, conciseness, inclusivity, and charm will improve your talent pool and shorten the recruitment process.
One way to speed up the hiring process is to automate aspects of it with an applicant tracking system. An effective ATS can help you perform a number of tasks with ease. It helps you track your candidate’s application status, prompt applicants to take relevant pre-employment tests, view and share test results, and keep your pipeline organized throughout the process. A good ATS helps you efficiently develop shortlists of qualified candidates, especially if you’ve developed a detailed job analysis beforehand for comparison.
Limiting your recruiting efforts to a single platform can reduce the amount of applications you receive for a position, slowing down your hiring process as a result. The more sourcing methods used throughout the process, the more likely you are to find the right candidate quickly.
Some of the top channels include job boards (60%), social professional networks (56%), and word of mouth (50%). Those aren’t the only options. You can also ask for employee referrals, promote from within, and post job openings on your company website to help fill open positions faster. By tracking the applicant-to-interview ratio data for each channel, you’ll be able to see where your most qualified candidates originate.
Communication with candidates should be consistent, timely, and transparent. However, that’s not always the case. Roughly 60% of job applicants never hear back from employers following their interview.
With improvements, you’ll be able to keep candidates interested in the position and make the hiring process faster, since candidates will be more likely to wait for a job offer. That means you won’t have to reconsider other final contenders or start over.
Prioritize communication with the top candidates in your applicant tracking system. Reach out to them first.
Checking references can take up to a week. It’s a good idea to start as soon as you have identified your shortlist of candidates. This will not only shorten the hiring process, but also allow you to get back to candidates quickly and help retain their interest in the position.
If you’re using an inefficient hiring process, qualified candidates can slip through the cracks, leaving you struggling to fill your vacancies. If you can speed up your hiring process and improve the overall candidate experience, you will also improve retention and cut business costs.
Hire Success® can help you reduce your time to hire without sacrificing quality in the process. Easily establish benchmarks for any position. Use pre-built or customizable pre-employment tests to quickly assess a candidate’s skill set. Administer personality tests to determine whether a candidate would be a good fit and share results with your hiring team in a matter of seconds.
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Talent acquisition is more competitive than ever today. Employers face the tightest job market in history: low unemployment rates, high job mobility and a wide skills gap. It's more difficult to fill critical jobs. Companies large and small need to develop an efficient hiring process to attract, identify, and hire people with the right skill sets and attributes to fit your team.