Slow Hiring Process Can Severely Damage Your Business
As an efficient recruiter in a highly competitive market, nothing could be more damaging to your business more than a slow hiring process.
According to the research conducted by Glassdoor, “An average hiring process lasts more than 22.9 days.” The number of days has increased by ten days from 2010. The process can drag out even longer, as much as 4-5 weeks.
The hiring processes of the organizations are getting longer with the inclusion of multiple steps. Although these steps allow the employer to thoroughly evaluate the employee, taking too long to hire a candidate could risk your efforts and overall productivity.
We have outlined some of the top reasons behind the slow recruitment process that might hamper your productivity rate.
Reasons Behind Slow Hiring Process
Sluggish Interviewing
There might be a chance where you don’t have enough time and resources to conduct interviews for the new hires. This may lead to the mismanaged interview process. Conducting interviews without a proper plan can slow down your recruiting process drastically.
Larger Candidate Pool
Although it is crucial to have a larger pool of applicants as it offers a wide variety of talents to hire, it makes the HR professionals more choosey. The issue worsens when you lack an efficient screening process, as it would take more time to filter out the unwanted candidates.
Cumbersome Reference Check
The process of reference check generally takes a lot of time to get completed. The time taken in the process can lead to slow hiring process ultimately affecting the overall efficiency.
How Slow Hiring Process Damages Your Business?
Many organizations fail to realize how impactful the speed of recruitment can be when it comes to achieving organizational goals. Moreover, the slow and sluggish hiring process also leads to futile efforts and more drop out of candidates. The negative impacts resulting from slow hiring are numerous. The most damaging ones are listed below:
1. Adverse Effect on Employer’s Brand Image
Slow hiring process leads to poor employer brand image as it lasts a bad impression over the applicants. Such low pace can make them reluctant to apply for the open positions in your organization.
2. More Drop-Outs
When people apply for the open positions in your company, they have many other companies on their list. Your chance to hire the ideal candidate can deplete you were not quick enough to hire them. Your slow recruitment process will allow them to assess other options.
3. Loss of Business
A stretched-out hiring process means the vacant positions in your company will remain vacant for a longer time period. You might wonder that having vacant positions will save you the salary. Just imagine what more you can achieve by hiring a productive employee.
4. Bad Decision-Making
With a sluggish hiring process, it becomes tough to make a side-by-side comparison of the candidates because interviews are conducted with a significant time gap. This could lead to bad decision-making and costly mis-hires.
5. Recruiter Frustration
Slow hiring process impacts the overall effectiveness, energy and, efforts of the recruiter letting the frustration creep in. The morale of employers boosts with hiring closures.
Final Thoughts
Recruitment is like a 110-meter hurdle race where you need to be constant and persistent to reach the goal (hiring the ideal employee). Being an efficient recruiter, you cannot afford to be slow or else you will lose the race.
Although it is important to assess the applicants to avoid mis-hires thoroughly, a slow hiring process can severely harm your business. Recruiting leaders must realize that fast and speedy hiring is the ultimate key to fill the vacant positions and beat the competition for top talent.
Are you looking to fill your vacant positions?
EazyRecruit is an easy and quick solution step-up your hiring game. Our main goal is to accelerate the process of talent acquisition and help the organizations in acquiring the right talent from the market.
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