WHAT A LONG RECRUITMENT PROCESS IS COSTING YOU

Are you frustrated with your long and drawn-out recruitment process? It's not just your time and energy that's being wasted. Every day that a position remains unfilled, your company is losing out on potential productivity, revenue, and growth.

Think about it: the longer a position goes unfilled, the longer other employees have to pick up the slack, leading to increased stress and burnout. Additionally, the longer it takes to hire someone, the more likely you are to lose qualified candidates to other job offers.

In today's fast-paced business environment, a lengthy recruitment process can cost you more than just time and resources - it can cost you top talent and hinder your company's growth. So, it's important to streamline your recruitment process and move quickly to secure the best candidates for your open positions.

HOW LONG IS TOO LONG?

According to research, if you wait longer than a week to respond, 25% of candidates lose interest in the company. If you go two weeks without updating candidates on their status, that number increases to 46%. It's clear that most candidates expect a timely recruitment process, with swift communication and follow-up after interviews. This does not mean that you have to make a final decision within a week, but communication after the selection process with each candidate should not take too long.

HOW TO SHORTEN RECRUITMENT PROCESS?

1.Define the role clearly before you hire - make sure you can clearly describe what success looks like in this new hire, and define what you need.

2. Simplify the job posting - Determine "nice to have" requirements and reconsider criteria such as years of experience or formal education. Clearly define the role's purpose and why it's crucial to hire for it now.

3. Speed up interviews - Candidates lose interest if they don't hear back after an interview, and other companies become more appealing over time. If the gap is too long, candidates may withdraw their candidacy. To avoid this, be clear about expectations and keep the interview process short.

4. Keep communicating - Providing prompt, transparent feedback will encourage candidates to reciprocate by keeping you informed of other opportunities they may be pursuing.

5. Hire a recruitment partner  - Entrust the selection process to professionals. DoubleFox can help your company find talent faster and professionally.