Competitive hiring ensures employees easily fill leadership roles, increase opportunities to demonstrate their abilities, and become more engaged to work. However, this is not usually the case as some businesses take more time than necessary to hire and miss quality potential hires and lower hiring costs. A US study reports that average hiring time has increased by 10 days since 2010. Measuring time to hire can be difficult. However, you can consider these tips to reduce your time hiring.
1. Structured hiring plan
Hiring processes can take a long time when it is not structured. This is because you always have to begin from scratch anytime there is a new job to fill. Even if you already have a hiring plan, consider scribbling down some notes and structuring your hiring. For instance, consider the applicant’s journey from beginning to end, the steps required, and how long the hiring can take. Properly documenting your hiring process can avert slowdowns and significantly improve your hiring time since you know what to do throughout the hiring stages. Structured hiring can benefit everyone, and new hires can find a meaningful process where their time and efforts are valued.
2. Build a talent pipeline
Developing a talent pipeline is one thing you can do to reduce your time to hire significantly, even before you have an open position. Instead of waiting for a vacant position before looking for talents, continually search for outstanding people by recruiting active candidates or strategically sourcing staff. You may not have an open position available, but proactive talent acquisition is practical to find a terrific prospect. It is common to find such talents when looking for applicants for other roles. It can be useful to add them to a tracking system to monitor them for potential future hiring.
3. Utilize a staffing specialist
Most employers require a specialist or individuals with certain knowledge for some projects. Moreover, it is impractical to recruit someone permanently for a temporary job that only takes a certain time to accomplish. In these cases, it can be useful to find a staffing specialist to connect your business with the right staff when filtering resumes and verifying references. For instance, a staffing & employment agency can assist employers in finding temporary staff while saving money and time to focus on other important business elements.
4. Faster interviewing and scheduled automation
Delays in directly arranging interviews increase the time you spend hiring new employees. For instance, most organizations undergo at least three interviewing rounds before hiring. However, businesses’ time spent arranging interviews generally leaves much room for improvement. Fortunately, you can use interview scheduling and automation tools to minimize delays, decrease candidate dissatisfaction, and provide a better employee experience. Recent data shows a growing trend as 51% of recruiters utilize interview-scheduling tools while 26% consider starting.
The above are a few ways to improve your hiring process. You want to stay flexible and be prepared to negotiate when you are faced with your top pick making a counter offer or sharing details of a competitive offer.