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Why Your Time to Hire is Losing You Talent (& How to Fix it)

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REC’s report on jobs for October 2016, revealed that demand for candidates is at its highest since May, offsetting concerns over the impact of Brexit on the UK economy. Not only is hiring up but job seeker interest is down. Applications for open jobs fell by 3% in October, according to CV Library.

At the same time, new research from Robert Half[1] has found that UK HR directors take an average of four weeks (27.59 days) to recruit for a vacancy within their organisation. The lack of qualified candidates and increase in the number of applications per job post are contributing to the delay.

A lengthy hiring process jeopardises HR’s ability to compete in today’s jobs market. While your HR team is trying to decide on a shortlist for interview, your ideal candidate has abandoned your application process and accepted an alternative job offer.

Recruitment software is the easiest way to make a rapid impact on your time to hire. Here’s how:-

Reduce screening time (estimated time according to Robert Half 4.77 days) : Streamlining your screening with applicant tracking software is the simplest way to deal with the volume of candidates holding up the hiring process. Incorporate specific keywords and essential experience for your vacancy to filter applications more rapidly. A candidate persona will determine those key skills for critical roles, or for jobs recruited on a regular basis. Fast track qualified candidates or employee referrals by tagging them through your ATS.

SOURCE: blog.advorto.com