The time-to-hire is one of the most important aspects of the hiring process, in part because you’re missing out on top talent with a slow speed-to-offer.
As the hiring process is a candidate's first impression of an employer, it is essential to focus on the modern applicant’s candidate experience. As these candidates expect quick and responsive employers, so do they expect it from the hiring process. According to CareerPlug, 84% of job seekers say recruiter responsiveness after hiring influenced their decision to accept an offer.
We will look at how HR teams can increase their speed-to-offer to improve their chances of hiring the best talent available.
Strategize Your Sourcing
One of the best ways to improve your hiring speed is to strategize the time you spend sourcing candidates.
Assessing sourcing includes leveraging job boards with well-written job descriptions. Millions of job searchers every day use LinkedIn and Indeed. Many of these postings see hundreds of applicants within the first few hours, giving you a vast candidate pool to choose from quickly.
Another little known strategy to reduce your speed-to-offer involves tapping your previous candidates. After all, this is an entire pool of potential hires that have already shown interest in working for your company. Better yet, you already have the data on their qualifications! Although these candidates may have moved on or weren’t the right fit for the role they applied for, it doesn’t mean they don’t still have future potential. Return to these candidates when new positions open, and see if they’re interested.
Previous candidates are one of many existing sources of potential hires.
Your employees know your company and what it takes to work well within your organization. They also likely know others who work in the same industry and would do well in your organization. Implementing a referral program encourages current employees to attract more qualified candidates. In fact, 90% of companies say they often find new candidates through their employees.
Speed Up the Interviews
Next, consider where you’re wasting time in your hiring process that may be causing your slow speed-to-offer. For example, one of the biggest time sinks in the hiring process is phone screening. Many recruiters report this taking up to two and a half hours per candidate if you include scheduling. Adopting automated phone interviews with Qualifi allows your recruiters to cut this down to 5 minutes of screening per candidate.
What’s more, automated phone interviews allow your recruiters to interview candidates 24/7. There are 128 hours in a week outside of typical business hours. Qualifi’s research found that 43% of job candidates prefer to interview during these times. So, not only do you drastically speed up the interview process, you provide a better, more flexible interview process for your candidates.
Fast Forward the Review Process
Another excellent means to speed up your entire interview process is right at the start. Aligning your hiring managers with productive intake meetings ensures your team is set up for success as they endeavor to fill vacancies with the best talent out there.
Use Qualifi to assist your recruiting teams’ internal communication, allowing you to quickly share candidate questions and responses. This not only promotes team collaboration but brings your entire team together.
Read more about out how Qualifi helped KHR Solutions cut applicant screening time by 83% to see what you can expect when you integrate Qualifi’s on-demand phone interview platform into your hiring process.