Digitech Insights. 30 May 2022
According to a white paper from Glassdoor*, the average time to hire in 2020 in the technology sector was 40 days . Ideally, your time to hire would be much lower than this but this is not the case for many. Over complicated hiring processes and poor candidate shortlisting strategies can both contribute to a company’s time to hire.
Given there is an urgency for both parties to hire quickly, candidates want to begin their new position as quickly as possible and employers want to remain as productive as possible, companies are seeking ways to streamline their hiring processes and therefore decrease their time to hire.
Let’s take a closer look at some of the strategies that can help you reduce your time to hire.
Making sure you are always on the lookout for talent and building a talent pipeline is a great way to reduce your time to hire. Whether you are actively attracting top talent to your organisation or are sourcing new talent, a talent pipeline gives you a talent pool and a place to start when you have an open role.
To help you attract candidates it is vital that you have a strong employer brand. One that prospective candidates can engage with and one that creates a desire to work for your company. Build a robust employer value proposition to help pique the interest of the types of candidates you want to reach.
In a world where almost everything happens in an instant, reducing your time to hire is crucial to keeping candidates engaged and avoiding losing top talent to a competitor. Review your recruitment process to determine if there are any steps you can remove. Speak to current employees to get their feedback on the process to help identify areas for improvement.
Also consider how you shortlist candidates. The key to effective shortlisting is to know from the very start what your ideal candidate looks like. Creating a defined list of essential and desirable criteria to measure all applicants can significantly reduce the time it takes to shortlist and therefore your time to hire.
The data you collect can help you identify any bottlenecks in your recruitment process. For example, introducing skill testing tasks may have lengthened the process or are you taking too long to create a shortlist of candidates?
Consider how each step of your recruitment process works and how it impacts your time to hire. The internal data you have can help you determine where changes can be implemented with the aim of reducing your time to hire.
At Digitech, our team of recruiters and strategists bring a breadth of knowledge and vast experience in the tech industry. From understanding market conditions to ensuring the tech recruitment journey is smooth, we can help you source the best tech talent and reduce your time to hire.
Whether you need a contingent resource to meet a peak in demand, are looking to hire for a permanent position or want to engage with contract workers, we can help you find candidates that have the right skill set and are a good fit for your business. Get in touch with us to discuss your requirements and see how we can help.