In the race to hire more talent and avoid losing candidates to competitors, you may be overlooking one key factor: your company’s candidate experience. This is especially important for recruiting in-demand talent, who are likely early in their career and most likely not just testing the job market but also reviewing their current opportunities. If your process is too cumbersome, candidates will turn to your competition to get employed faster.
Studies show that in-demand candidates are the first to drop out or ghost in frustration. In fact, 37% of hourly job seekers say being hired quickly is the most important factor in deciding where to work.
Simplicity is key when hiring hourly employees. Most candidates may not be willing to jump over multiple hurdles when applying for hourly jobs. A study by Glassdoor revealed that reducing the time it takes to complete a job application by 10% resulted in a rise of completed applications. Additionally, the less exhausting candidates find a job application and hiring process to be, the easier it is to attract and hire hourly employees.
The fact is, there are plenty of jobs to choose from. When you find interested candidates, you want to make sure to get them through the process as quickly as possible. If you are noticing a lot of drop out from candidates, it is important to reevaluate your hiring and onboarding process.
To prevent candidates from dropping out of the hiring process, it is important to understand the top reasons why you are losing them. Here are four things to consider if you are noticing an increase in candidate disengagement:
- How many steps do you have in your process?
- Is the time between steps too long?
- Do all steps add value?
- Do the steps require too much coordination?
The number of companies currently hiring outweighs the number of candidates looking. Minimizing the time between each step in the process and getting a candidate through the hiring process quickly is key for retaining interest from top candidates. By streamlining your steps, it makes you as a company more attractive to the candidate.
The primary cause of candidate drop off is a long hiring process. SHRM (Society for Human Resource Management) found that the average time to fill is 42 days. Pre-pandemic, that timeline was deemed acceptable. However, great candidates are now being pursued by multiple companies at once and having a time to fill of 10 days or less is necessary in order to keep top talent in your hiring pool. The longer it takes to pull the trigger, the less likely you are to obtain your ideal candidate.
Hiring faster and bypassing steps with little value add means you get your choice of top candidates. Streamline your process, communicate often to ensure your candidate knows where they stand, and act quickly. By taking these steps to edit and work on your hiring process, you are showing your future employees they are important to your organization, and this helps you attract and bring in the right people on the first try.
Malone Workforce Solutions is here to assist in helping you find the right candidates quickly. Our 50 years of experience, innovative recruiting methods, and proven track record will work for you to get you the candidates you need.
Malone Workforce Solutions wants to make sure that you are maximizing your recruiting efforts and we are here as your consultative partner to help you master your recruiting and retention approach and connect you with the right talent. Contact us today to explore more ways we can help.
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