Companies must act fast during recruitment, claims new research. Here are five tips to ensure you don't let the perfect candidate slip through the net
The majority (57%) of Australian HR managers have missed out on a qualified candidate due to a lengthy hiring process, according to the specialised recruitment company Robert Half. This figure rises to 67% in large organisations.
The results also found 79% of HR managers are concerned about losing top candidates to competing job offers and companies increasingly competing for good workers.
David Jones, senior managing director Robert Half Asia Pacific, said that because companies are spending lots of time looking for the right candidate, they risk losing top professionals, who are often in contention for several roles.
“In a market where top candidates generally know their market value and often get multiple job offers, companies that act quickly once they found a match have a definite advantage over competing employers,” said Jones.
Further, 55% of HR leaders claim the length of the hiring process has increased compared to three years ago. This rises to 66% of HR managers for large organisations.
The main risk of a lengthy recruitment process is losing a qualified candidate to a competing organisation.
“Organisations who want to make sure they secure the talent they are looking for can consider temporary contracts which can serve as a no-obligation trial period before a new employee is offered a permanent role,” said Jones.
“Because companies can then readily assess the skills of the employee in question, organisations can maintain or boost their productivity by avoiding an (excessively) long recruiting process.”
The top three reasons are for the longer hiring process include: