Here’s how Your Hiring Process is Driving Away Top Talent
Are your candidates accepting other job offers while you’re still in the process of interviewing them? Maybe you should review your hiring methods and understand if the lengthy, tedious process is the reason you’re your top notch candidates are slipping away.
Slow hiring processes and delay in making a hiring decision have a huge adverse impact to businesses. Our Managing Partners list down the negative impacts on your business due to your company’s slow hiring.
Low quality of Hire: One of the major consequences of slow hiring processes or delay in making hiring decisions is ‘Bad Hires’. Good talent is always in high demand especially in areas of niche skill sets, companies are always on the lookout to hire such scarce talent and they are always being approached for roles. While you are making or delaying hiring decisions, your top candidates will surely receive alternate job offers and will be forced to take up other job opportunities that come their way and you will be left with a few mediocre left overs. Such ‘desperate or last minute hires’ don’t just cause monetary damage, bad hires also can hinder productivity, deteriorate employee morale and adversely affect customer relations – Naresh Sharma, Managing Partner Antal Jaipur
Shows poor work ethics or lack of professionalism: Planning and coordination are important for smooth functioning of any process. Hiring a new employee or an exit of an employee; each every process within an organization needs to be systematically thought through and planned for the smooth functioning of a business. During the planning of a hiring process, one must keep in mind that Line Managers are often busy in their daily activities, they have a team to manage, projects to supervise, various appointment to attend to. Many a times; Line Managers are informed about an interview a day prior or few hours before the interview, which may be difficult for the hiring manager to adjust within his busy schedule. This may lead to an interview being delayed, rescheduled or even being cancelled last minute, which is quiet embarrassing as it shows lack of professionalism or organizing skills and could be a turn off for the candidate as well.
Interview processes in an organization should be well planned in advance. HR manager should check with Line Managers on their availability well in advance and ensure the interviews are scheduled keeping the Line Managers schedule in mind to avoid any kind of embarrassment. – Sunil Kapoor, Managing Partner Antal Gurgaon
Lack of respect for Candidate and no value for his/her time: When companies delay, postpone, cancel or interviews or take lifetimes to make a hiring decision, it shows that the company lacks perspective. It also shows that the company does not respect or value the time and effort put in by the candidate. Slow hiring process and slow decision making can test their patience of the candidate and within a spur of a moment, they are with your competitor, who respected and matched their speed. – Vishal Madan Managing Partner Antal Pune
Loss out on top talent in the future: Apart from candidates not willing to join your organization they also influence others like themselves not joining the company either. This will reduce the number and quality of the applications that you receive. Professional networking sites like LinkedIN, Glassdoor or even platforms like Twitter have made it easier for candidates to express their grievances to a wider audience. Such kind of brand bashing on public domain is sure to damage your Employer Brand. In a digital world where views, experiences, opinions are available at the click of a button on laptop or phone, it’s a disaster to have a slow hiring process. – Nagesh Joshi Managing Partner Antal Pune
Conclusion: The hiring process and the interview interaction is the first impression of a company work process and work culture. A candidate makes a decision to join your organization based on the experience he or she had during this process.
You have to put in enough thought while making a hiring decision and evaluate the candidates well. However, you can’t impress top passive talent with a slow cumbersome hiring process nor can you be on top of the talent war with such a tedious processes. Steady hiring processes give your firm a competitive edge in competitive talent driven job market. And by making quick hiring decisions not only will you capture a higher percentage of top performers, but you will simultaneously keep that top talent away from your competitors.
Tags: Antal India, Antal International, Candidate Experience, employer brand, Executive Headhunter, Executive Headhunters, Executive Recruitment, Executive Search, HeadHunters, Hiring, Hiring Advice, Hiring Process, mid and senior level hiring, mid and senior level professionals, Mid and Senior Level Recruiter, Mid and Senior Level Recruitment, Mid and Senior Level Roles, Niche Recruiters, recruitment, Recruitment Advice, Slow Hiring, Social Media