This Factor May Be Scaring Away Your Best Talent Prospects
Time to hire can have a significant impact on your hiring process. The longer it takes you to make a decision, the more likely it is that your best prospects will simply walk away.
In this blog, we’ll describe how a long, drawn-out interview process could be what’s hurting you in the search for top talent. Time kills all deals! We’ll then discuss how working with a niche recruiting partner like Avata Partners can be the key to speeding up your hiring process.
Is Time to Hire Costing You Top Talent?
Time to hire measures the number of days between when a candidate first applies for a job and when that candidate accepts a job offer. In other words, it’s a metric for analyzing how quickly a company can select and hire the best available candidate.
Time to hire has a direct impact on two important insights: Recruiting efficiency and candidate experience. When time to hire lags, efficiency drops and candidate experience sours – resulting in candidates who are more likely to accept a job offer elsewhere.
A lengthy time to hire:
- Costs you top talent as they accept other offers or otherwise self-select out of the process.
- Increases the risk that you’ll misplace information or make mistakes in the process.
- Forces you to review information throughout the process, further lengthening the time to hire.
How Your Recruiting Partner Can Help
Your recruiting partner can help you improve time to hire in several ways:
Streamlining the early stages of recruiting. Your recruiter can handle many high-volume tasks associated with the early stages of recruiting. These include reviewing resumes, confirming education and certifications, and reaching out to references.
Matching candidates to your needs and culture. With a deep understanding of your organization’s needs and culture, your recruiter can screen applicants for those with the skills and approach needed to succeed in your organization. Your recruiter can thus refer candidates with the best chance of accepting a job offer – and thriving once they do.
To learn more, reach out to Avata Partners today!
