The hiring process is an extremely important stage for any company. Recruiting new employees is the time in your business cycle where you are hoping to land top talent and push your organization forward. It is also a time to prove your company’s reputation and relevancy in the market.
This exchange can have a huge impact on your business, so you don’t want to wing it. In this article, you’ll learn about what the hiring process entails, who is impacted by the process, tips for creating an effective candidate experience, and how these changes will help your business thrive.
What Is the Hiring Process?
Hiring a new employee is a very involved process with lots of moving parts. The typical flow of the hiring process includes fine-tuning and posting a job description, searching for a viable candidate, screening the candidate via phone, bringing the candidate in for a more interpersonal interview, and finally making an enticing offer to the best candidate. Each piece of the puzzle is extremely valuable in hiring the right person for the job is not easy.
Who Is Impacted by the Process?
Generally, the human resources department of a company will design and implement the recruitment cycle, and the establishment of an effective process will largely impact this group. Staff will appreciate a standard process because they will spend more time actually interacting with candidates and less time on screening and paperwork.
The process also impacts potential candidates as well as the company’s brand. A disorganized or unprofessional experience can leave a candidate feeling disoriented and sour. Candidates tend to share their experiences with their friends and family so this word-of-mouth spread can have a major impact on the company’s reputation.
How to Implement an Effective Recruitment Cycle?
As we’ve already seen, there are many moving parts to this critical process. However, the costs associated with an inefficient and ineffective process can be extremely damaging. You’ll want to fine-tune your process so you can land a candidate as quickly as possible and avoid unnecessary costs.
In addition, a company’s reputation is at stake during the hiring process. All potential candidates will be judging your company based on their experience, so it’s important to pay attention to their needs. Here are a few tips for cleaning up your recruitment process and providing the best experience possible:
1. Update the Job Description
One of the biggest roadblocks in the hiring process is an incomplete or inaccurate job description. If the posting does not accurately reflect what the company wants or needs for the new role, you could find your hiring staff is spending more time than necessary screening ineligible candidates and filling the position may take longer than necessary.
2. Automate the Process
A whopping 75 percent of applicants say they never hear from a company after submitting an application. This is a huge turnoff and can be damaging to the company’s reputation. Consider implementing an automated process where candidates are sent a message regardless of their status and are updated throughout the process. This shows candidates that you value their time and appreciate their interest in contributing to the company.
3. Develop a Value Proposition
Candidates think about how the company can help them achieve their personal and professional goals. Come prepared to share a list of ways in which your company can add value to the candidate’s life and career. Make sure your staff shares these ideas with each and every prospective hire.
4. Train Your Staff
Another reputation-killer is an incompetent recruiting staff. You want to make sure the hiring process is a consistent, convenient and positive experience for each and every candidate. Come up with a list of standard questions and set department policies on conducting the interview and communicating with the candidates. Customer service is key, so invest in some customer service training for these folks.
How Can this Change Impact the Business?
Tweaking your hiring process can have a major impact on your business in many ways. Here are a few of the benefits you can glean from embracing change and taking this leap:
1. Financial Impact
This change can have huge financial implications. A recent study found that a company will spend an average of $4000 to fill an open position. This amount adds up over time and can put a huge dent in your company’s bottom line. Adjusting your recruiting strategy can reduce costs and free up resources.
2. Reduced Fill Time
Another study found that it takes approximately 52 days to fill an open staff position. This stat finds that positions are open for almost two months before staff can find a suitable fill. This lengthy period means your human capital staffing resources are tied up in the recruitment process and are unable to work on other things important to the company like engagement strategies, performance reviews, and legal issues.
3. Employee Morale
Redesigning your recruitment process can boost the morale of your human resources team. With their input, implementing a change will reduce the amount of time spent on tedious tasks, give them more time in their day, and help them accomplish more in less time.
4. Company Reputation
An effective recruitment process can have an impact on your reputation with consumers. Showing respect to each and every candidate that shows interest in your company will send positive vibes and help you better position your brand to recruit top talent.
As you can see, the recruiting process is a very crucial step in taking your company to the next level. Consider investing some energy in revamping your process, and enjoy the many benefits associated with this change.
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