If you are not 100% satisfied with your recruitment results, you are most likely dealing with delays in the process, regardless of industry and the seniority level of your vacancies.
At least this is what a recent study on efficient recruitment reveals, identifying top delays in recruitment for specialist positions, with 10% of vacancies reported by respondents as still open or closed with a delay.
With specialist positions that are difficult to fill from various reasons – including the difficulty to find quality candidates and to reach a large enough pool of candidates, next to low interview show-up rates – companies risk to seriously damage their business.
So here’s why slow recruitment is bad for your business:
Poorer business results. The longer your positions remain unfilled, the more your revenue and productivity are affected. Just imagine the daily business impact of a sales position that remains unfilled for months.
Higher pressure on your staff. Hiring lags will keep your existing teams busier, which can lead to work exhaustion, decreased motivation and disengagement.
Extra recruitment costs. These can arise from investing too much time in interviewing too many unsuitable candidates, keeping recruiters and managers busy in a dead-end process.
Overloaded managers. Hiring delays for specialist positions will also increase your managers’ workload and diminish their focus on strategic tasks. This will keep them away from what they should actually do.
In order to win the always increasing competition for talent, companies need to refine their recruiting methods and act strategically. If you recognize your employer experience in any of the above, it’s time to hire faster!
You can do so by using an automated referral system, which will allow you to focus on your employees’ social and professional networks, where you can reach more quality candidates. They are the people you need, who will help you close your positions faster, with no headaches.