Does Your Hiring Process Take Too Long?

Securing top talent is crucial for maintaining a competitive edge. Everyone knows that.  

However, most companies don’t know just how detrimental a lengthy hiring processes can be when trying to attract and retain the best candidates.  

Here's why a compact hiring cycle is essential and how it benefits both employers and job seekers.

Candidates Agree. Hiring Quickly Makes a Difference

Top Talent Moves Fast

The best candidates are off the market quickly. This means companies with lengthy hiring processes risk losing top talent to competitors who move faster. To secure the best candidates, it's vital to streamline your hiring process and act swiftly.

Candidate Expectations

A significant 55% of candidates believe it should take less time from the first interview to a job offer. A longer process can lead to candidate frustration and dropouts. Meeting these expectations helps in maintaining a positive candidate experience and securing top talent.

How Your Lengthy Hiring Process is Hurting You

Candidate Dropout Rates

60% of job seekers have quit an online job application mid-way due to its length and complexity. Overly long or complicated processes deter candidates and can result in losing potential hires before they've even completed the application.

Poor Communication

“Ghosting” has becoming commonplace in the hiring process. Most candidates have abandoned a recruitment process due to poor communication from the employer. Lengthy processes often involve communication gaps that frustrate candidates and lead to dropouts. Consistent and clear communication is key to keeping candidates engaged.

Increased Cost-Per-Hire

Long hiring cycles can increase the cost-per-hire, which averages tens of thousands. Faster processes can help reduce this cost by minimizing the time and resources spent on each hire.

Conclusion

Compact hiring cycles are generally preferred because they help companies secure top talent faster, improve candidate experience, reduce costs, and ultimately lead to better retention outcomes. Lengthy processes risk losing candidates, increasing costs, and damaging the employer brand.

To implement a compact hiring cycle effectively, consider working with a specialized recruiter. They can provide vetted candidates and help streamline your hiring process, ensuring you secure the best talent quickly and efficiently.  

Visit The Bridger Group today to learn how you can level up your hiring process.  

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