There is a common mentality in the hiring industry: hire slowly so that you can take your time to find the right candidate! This may work in certain situations, but for the most part, hiring slowly can cause a myriad of problems. Here are the top 5 reasons to hire quickly.
Top candidates find jobs before your hiring process is over
If you are considering hiring a person, it is likely that other people are too. Asking a highly qualified candidate to go through a long interview process is akin to asking them to keep their options open. They will have more time to interview at other companies. If those companies have a faster interview process, your top candidate could be scooped up before you even have a chance to make an offer.
Save money, time and resources
Slow hiring leads to vacant positions which in turn decreases productivity and sales. Additionally, hiring managers are being pulled away from work for things like meetings related to the opening, candidate interviews, and researching potential applicants which only contributes to the problem. There is also the cost of the recruiter or hiring manager to consider. When it comes down to it, sometimes the lengthy hiring process could cost more than the salary being saved while the position is vacant.
Increase your chance of winning a war for a candidate
So you’ve found your perfect candidate, but someone else wants her too. You are stuck in a bidding war. A slow hiring process could mean that you lose the war and have to start over again. Candidates will often go with the first job offer that meets their needs.
Creates a burden on customers and current employees
A slow hiring process creates more work for your HR department/recruiter and more work for those employees who are taking on additional tasks until the position is filled. This can decrease productivity placing an extra burden on your customers.
Slow hiring causes a lag in recruitment enthusiasm
A slow hiring process can easily turn from a task that someone is excited to do, to a long drawn out process that gets put on the back burner. This lack of enthusiasm could result in candidates that have not been screened thoroughly or an even longer hiring process.
These are just a few of the many reasons why it is often better to speed up your hiring process. This doesn’t mean you should hire the first Joe Schmoe that turns in a resume. It means, be deliberate in your hiring process and eliminate the unnecessary, time-consuming steps.
Angelica Dudenhoefer is the Marketing Coordinator at Drake & Company, a staffing firm based in Madison, Wisconsin. Drake & Company specializes in temporary, temp-to-hire, and direct hire administrative, clerical and legal placements. Since 1978, Drake has reached beyond skills and qualifications to match candidate personalities with a company’s culture. You can connect with Angelica by email or on LinkedIn and you can find Drake & Company on Facebook, Twitter, LinkedIn, Google+, Instagram and Pinterest.