According to a 2017 report from the Society for Human Resource Management, most companies need an average of 30 days to find the right fit when hiring for a role. Slow to hire and quick to fire has been a mantra inside corporate America for decades now, but taking too long to hire new staff can cost you more money in addition to possibly losing out on top potential candidates. Here are four effective ways to reduce your hiring time to find the right talent and improve your game.
Collect the right data
How long does it take to typically fill a position in your company? What are the industry standards? How much time does it take to move candidates through every stage? What is the ratio of good and poor applications you usually receive? Knowing these answers can help you figure out what strategies you need to consider to screen prospective candidates and schedule interviews. You may even be able to automate some of it to save you more time.
Create a structured hiring process
Even micro businesses can benefit from a structured hiring process. Otherwise you have to start from zero every time you need to fill a new position. Document your hiring process and practices. Interviews, onboarding, all of it! That can help also improving your hiring time.
It doesn't have to be complicated, just consistent. That way you, as the founder/owner, don't have to always be the one doing all the interviews and hiring work. Free yourself up from that job so that you can continue to focus on your zone of genius.
Outsource your recruitment
As interviews drag on and good prospects are scooped up by the competition, poorly managed recruitment increases time-to-hire. This can result in wasted time and money. Fortunately, outsourcing your hiring can be an effective way to mitigate these delays to secure the best candidates in the shortest time possible. For instance, if you're looking to develop an app or customize your wordpress installation, a software development outsourcing company can help you quickly access and find the right person for your team.
Offer excellent candidate experience
Engage your candidates throughout the hiring process, beginning with the application. Most people looking for work are looking for more than just a paycheck. They want a place where they feel like they're making a difference, where they fit in, and where they can feel good about the work they're doing. Make sure your hiring process is a clear reflection of what it's like to actually go to work for your company.
Start with these suggestions as you're considering your next hire. Look for places in your hiring process that need improvement and take it one step at a time. Yours may not be a big organization, but every hire matters - even those contractors. Make sure there's a good fit, give them an enjoyable experience, and you'll be hiring quality talent for your team at a much faster pace.
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