With organizations seeking opportunities for growth and job markets heated up again, both demand and competition for qualified talent have rapidly increased. With the war for talent being very real again, hiring experts are increasingly being challenged to find improved methods of candidate screening and increase recruitment efficiency. The need for speed in hiring is more pressing than ever before and it’s time for companies to hit the accelerator.
Time to hire is still one of the most used ways to measure recruitment success. Ironically, hiring processes are taking longer and longer. Over the last few years, interview processes have globally increased by at least 3.3 days. In the U.S., the average process now takes 22.9 days (four years earlier, this was still only 13 days). In Europe, the average hiring process takes even longer. French job candidates report the longest duration at 31.9 days, followed by Germany at 28.8 days, and the United Kingdom at 28.6 days (Glassdoor, 2015).
Fast track recruiting
As today’s top talent comes and goes in the blink of an eye, these longer processes are holding companies back from filling needed roles – resulting in higher cost, lower workforce productivity and frustrated hiring teams. Enough reason to see how we can reverse this trend and accelerate the hiring process again. Here are 3 tips to help you increase recruitment efficiency and speed up your hiring process.
#1: Define a clear profile
Make sure that the job profile is crystal clear from the very beginning. A good job description is the basis for every following step of the recruitment process. Work together with the hiring manager to define the profile and make sure to not limit yourself to required skills and competences, but pay increased attention to other important facets like experience, personality traits, and cultural-fit. Effective hiring starts with knowing whom to look. It will not only allow you to identify candidates faster, but also to advertise the role better or source the right talent, leading to better matches – and a faster hiring process.
#2: Utilize your network
Why starting from scratch when you have an internal referral network that you can easily utilize? Notify existing employees about the job opening, you not only give them a chance to apply themselves, but also to encourage colleagues to help identify potential new hires from within their own professional networks. Whether you choose to promote the job within, or decide to focus on creating a strong employee referral program, both methods will significantly cut down recruitment time. Stop relying on ads hoping the right candidate will apply. Take initiative, invest in building a talent pipeline to find the best talent faster and speed up your hiring process!
#3: Create a streamlined process
Have a critical look at your hiring process to identify the bottlenecks. Which steps are causing delay and how could they be improved? Modern technologies offer great opportunities to improve processes and increase recruitment efficiency. The pre-selection phase is often one of the most time-consuming parts of the hiring process. A proven method to enhance and accelerate this part of the process is the use of video recruitment. Video interviews allow recruiters to screen more candidates in less time while still gathering a complete impression of the candidate to identify the best talent. It allows you to place a higher emphasis on the actual personality fit and adds flexibility to the process for both recruiter, candidate and hiring manager. Video interviews will help you accelerate talent acquisition and provide a more engaging process for all parties involved.
In order to land the best talent for your company, speed is of the essence. Taking steps to streamline your process and cutting out the inefficiencies will help capture the best talent, staying ahead of your competitors. Start with a clear candidate profile and utilize your network to source potential hires as fast as possible. Then optimize your interview process to connect with candidates faster. In recruitment, every day counts. Speed up your hiring timeline and help ensure you get the talent your company needs. Happy Hiring!