When we talk about recruitment metrics, time to hire is still a vital performance parameter for hiring teams. The longer you take to hire candidates, the more time and resources you’ll be wasting.
72% of CEOs still worry about the availability of important skills and abilities. Why? Because 75% of them know that a versatile and skilled applicant is crucial for the success of any business. At the same time, it can be difficult to discover applicants possessing those qualities you need. This will then increase your time to hire.
That said, it’s not completely impossible to find the perfect candidates without spending too much time in the recruitment process. Let’s take a look at some easy, time-saving, and effective strategies to hire new candidates.
1.) Provide A Great Experience To Your Candidates:
Candidates who have had a great experience will consider accepting your offer as soon as possible. This speeds up the recruitment process. They are also likely to spread a positive word about your company so that more candidates might be interested in joining you.
To enhance the candidate experience, you can use platforms like Candidate Rewards. With the help of this platform, you can collect real-time data on candidates to understand what they value.
So you’ll understand exactly how to position your company to those who are interested in joining. This will help speed up the recruitment process and increase your job offer acceptance rate.
2.) Install A Structured Hiring Process:
Regardless of the size or type of businesses, it’s important to have a structured hiring process. This will help businesses to cut-down the hiring time. This might sound like a simple and obvious thing to do. But without an organized hiring process, you might have to start the hiring process from the beginning every time. And this will increase your hiring time.
It’s better to write down the complete hiring process. This will make it easier to identify issues in the process so you can update it accordingly to decrease time to hire.
Once you upgrade and improve the process, document it and share it with your hiring team. The document will guide them and help them avoid all sorts of confusion during the hiring process.
For more information on how to minimize your time to hire, check out the infographic below.