How To Shorten The Time It Takes To Hire

Q. We are a mid-size company that doesn’t hire that often. It seems that when we want to hire it takes a long time just to find qualified candidates. Is there a way to shorten the time it takes to hire someone?

Hiring fast rarely includes hiring the very best. The best way to shorten the time it takes to hire someone is to have a pool of qualified people available when you need them. The problem is most companies start the hiring process when they need someone. Often after one of their best people just gave notice. Companies then expect that at that exact moment in time a highly qualified candidate will also be searching, the stars will magically align and they should be able to hire this person. Wouldn’t it be nice if every time you were looking, highly qualified candidates were also looking? It just doesn’t work that way. Most hiring processes are reactive. To change your situation your hiring process must become proactive.

Highly qualified candidates don’t search based on your hiring schedule. They search based on their schedule so hiring can’t be a onetime event when you decide you are ready to hire someone. This will only provide you with the best available candidates at that moment in time. Companies that excel at hiring top talent know that hiring is a process and having a queue of qualified candidates is critical. Your hiring managers should always be on the lookout for potential people, even if your company only hires once a year. Every manager should have at least two or three potential candidates for the key positions in their department. This means that your hiring managers will have to dedicate at least some time each month to hiring. They should engage potential hires, identify who might be a potential hire, attend professional groups where these potential hires exist, respond to unsolicited resumes that have potential instead of deleting them, use LinkedIn to connect with potential candidates and follow-up with potential candidates when contacted. None of these takes a lot of time to do, maybe an hour a month. These small things can dramatically shorten the time it takes to hire someone and also increase the quality of those hires.

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I welcome your thoughts and feedback. If you liked this article and found it helpful, please forward it to others.

Brad Remillard

 

Why Is Recruiting Sales People Like High School Sports?

In many companies, the recruitment process of trying to find top talent for their sales team resembles the process high school sports teams use to add players. They take whoever shows up at their doorstep and considers that the candidate pool. Discover in this audio program the key elements it takes to fish in deep waters to find the best talent. In this program, we describe the four primary pools that candidates come from. We'll also identify which pool is the sweet spot for recruiting top sales talent and the techniques you can use to get those candidates to come forward and apply for your job opportunity.

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Why is your employee referral program a failure?

Employee Referrals - your employees are excited about telling all their friends, associates, and former co-workers about your great job opportunity

Why do most employee referral programs fail to achieve success?

Your employees are your greatest source of outstanding talent!

Why are they not whispering in the ears of their former co-workers, associates, friends, neighbors, and acquaintances who can deliver the results you need?

In over 25 years of executive search, hiring and sourcing consulting, and implementing hiring process improvements in thousands of companies, we’ve discovered a few key differences in why some programs work and others fail miserably. Here’s a list of the key reasons employee referral programs fail to live up to their potential:

  • Financial incentives don’t work
  • Most companies do a terrible job communicating about an opening
  • Employees don’t trust their referrals will be handled in a professional manner
  • Classic networking methods are not usually applied to employees

Let’s take each one of these in turn and dissect it over our next 4 blog posts.

However, before we jump into how to improve your employee referral program, let’s talk about metrics of success in employee referral programs. Most companies we’ve encountered achieve somewhere between 5% and 20% as a target range on number of candidates hired who came through an employee referral. I’m going to suggest that your target should be 50%.

Over the next 12 months, 50% of all hires should come from employee (modify this to be stakeholder) referrals. Some of my clients that I’ve worked with over the last quarter of century have continually refined their employee/stakeholder referral program to the point where 75% or more of all hires come from a referral.

Employee/Stakeholder Referrals are one of the main elements of our Success Factor Methodology in using Success-based Sourcing Methods. We dig into this subject in much more detail in our award-winning book, You’re NOT the Person I Hired. We’ve posted examples of using Compelling Marketing Statements in your referral program in our FREE Resources (we’ll talk more about creating a compelling reason for employees to make referrals in a subsequent post).

We’ve even created a FREE Assessment to judge the effectiveness of your sourcing methods, including employee referrals. If you would like to take the FREE Assessment, please complete the application form on our website and we'’ll show you how to quickly and inexpensively improve your referral program.

Once you really focus on implementing best practices in employee referrals, you’ll see that your quality of hires goes up, employee satisfaction goes up, employee performance goes up, recruiting costs go down, the costs of bad hires goes down, time to find and select a top performer goes down.

When should be the best time for you to implement best practices in an employee referral program?

What would you consider to be the primary best practice in your company that generates an abundance of employee/stakeholder referrals?

Barry