To hire the perfect employee, recruiters need to take care of various aspects involved. In today’s modern recruitment scenario, data is everything. Recruiters use data and metrics to analyze each and every step of their hiring process. One such metric that impacts the hiring process massively and is time to hire. Recruiters focus greatly nowadays on how they can reduce the time to hire a great candidate. A recruiter has to hire the best talent in the market as fast as possible. So, here are 5 effective tips to reduce your time-to-hire without sacrificing quality.
Hiring great employees can be a game-changer for any company. However, sometimes this process can take weeks and you can end up losing your valuable candidates. That’s why it is now important than ever to have a short time to hire. In the constantly competing labor market of today, businesses are struggling to meet their talent needs. So, it is extremely important for recruiters to make efforts and shape their recruitment strategies to shorten their time to hire.
Most modern recruiters do make efforts to reduce their time to hire because by doing so, they eventually reduce their cost per hire. However, surprisingly, still, only 30% of companies are able to fill a position in 30 days. According to an SHRM survey report, it takes 41 days on average to fill a position. However, with the fierce competition and high hiring volume, great candidates stay for only 10 days in the market. So, we’ve got you covered on this as well. Let’s take a look at 5 effective tips to reduce your time-to-hire.
1. Invest In Recruitment Automation
One of the best ways of reducing the time to hire is to automate some or maybe more parts of hiring which needed to be done manually. Thankfully, currently, there are several automation tools like an Applicant Tracking System, that can help you achieve automation in almost every part of your hiring process.
Tools like recruitment software have many benefits that can reduce your time to hire effectively. Right from sourcing candidates to scheduling interviews and even onboarding the hired employees, the features of recruitment software can automate everything for you. According to research, 86% of employers said recruitment software helped them hire faster. So, recruitment automation will help you reduce the time to hire effectively.
2. Optimize Your Careers Page
Your careers page is the most important tool when job seekers want to learn more about the open role. A careers site gives your potential employees an idea of what it is like to work for your company. However, candidates visit your careers page not only before sourcing but also during the hiring process.
To optimize your careers site and engage your potential employees, you need to make sure your careers page is robust, easily accessible, and mobile-friendly. Most importantly, your careers page should accurately portray your employer brand. A well-optimized and easily accessible careers page can help your potential employees apply for jobs directly, saving the time wasted on job boards.
3. Branch Out To Social Media Recruiting
Social media recruiting is no more a luxury, but a necessity. Among all the technological advances that the recruiting industry is going through, social media recruiting is a major game-changer. Social media is undoubtedly one of the largest and diverse talent pools that recruiters have access to.
Social media recruiting, if leveraged accurately, can give recruiters a reach that no job boards and recruitment websites can give. Using social media channels like Facebook, LinkedIn, Twitter, etc, can effectively allow recruiters to attract high quality candidates, and reduce the time to hire effectively.
4. Leverage Employee Referrals
Encouraging your current employees to refer great candidates is a great way to reduce the time to hire. Employee referrals can help recruiters cut down on time in various areas like sourcing candidates, conducting background checks, etc. Recruiters can straight away go on to interview the referred candidate and hire them.
Always keep in touch with your current employees to see if they know someone who would be the right fit for the open job opportunities. Implement effective employee referral programs. Encourage employees to share open job positions and keep an eye on the perfect fit.
5. Build A Talent Pipeline
A talent pipeline is a set or group of candidates that recruiters set aside, pre-screened for a certain role, at some point of time. Building a talent pipeline is an extremely important step for optimizing the hiring process. When you have a number of quality candidates already in your hands, you will save a lot of time in not advertising your job ads and waiting for applications to come in.
Building a talent pipeline even before hiring is a powerful way to reduce the time to hire. The best way to build a talent pipeline is to provide a form on your website and enable the visitors to leave their names, contact, and resume, even if you’re not hiring for a specific role. This way, you won’t be missing out on great candidates whenever you’re looking to hire.