The dynamic of the hiring relationship between companies and candidates is shifting. Unemployment is down, wages are increasing, the tech industry continues to grow and more talent is opting to start a company rather than join one. So when a great candidate comes across your desk, acting with speed to qualify, interview and hire them is more critical than ever. With offers coming from every which way, keeping candidates engaged is difficult; something that can be improved with a more timely process. This presents many challenges to companies, where the norm has been widespread sourcing, longer interview processes and lengthier negotiations. Optimizing these processes while maintaining the quality of hires is an undertaking, but not impossible. Below are several ways hire great candidates faster and keep candidates engaged while maintaining talent standards.
Every company worth their weight in gold places talent acquisition as one the the highest priorities. Make it higher. For early stage companies, every hire is critical and has a make or break impact. So cancel meetings, adjust your schedule and push everything else aside when great candidates come across your desk. Talent might understand that you are busy, but that doesn’t mean they will wait around or ignore other opportunities.
Focus On What You Really Need
Laundry lists of skills and requirements can kill your hiring process, much less prolong it. Narrow down your requirements to the core, put all of your focus on those needs, and leave everything else alone. Sure, there are nice-to-have resume items, but if your candidates are the right caliber of talent for your company, chances are they can handle acquiring additional skill sets. This not only helps with the speed of your process, but will lessen the chance of alienating quality people that otherwise might have passed.
There’s no secret sauce to this one. The faster you engage candidates, the sooner the process can begin. A quick response can also decrease your candidate drop off rate, keeping more people in the process from the start.
Nothing speeds up the process like being on the ball with communications. This is a simple fix as well, and logically pretty straightforward, but of course easier said than done. Yet ask any professional recruiter with a successful track record, and they will tell you that timely communications, even if just to say ‘message received, will respond soon’, is not only critical to keeping relationships moving but to keeping communications fresh and process moving.
Get the Team Engaged Early
Culture and team fit should carry a lot of weight when hiring, so it makes sense to get good candidates in front of your team quickly and early on. Should they not mesh well with the team, then you can end the process quickly. On the other hand, if there is cohesion between your team and candidates, then you will have strong signals early on.
People are smart enough to know when they are being strung along, especially when it comes to interviewing. Keep candidates informed about what’s going on, where they stand in the hiring process and what you need from them to move forward.
Give a Real Offer Sooner
Lengthy compensation negotiations can kill a deal more easily today. On top of being a frustration for some candidates (though not all), lengthy negotiations also allow candidates to continue other conversations, giving them time to negotiate with others as well. This is not to say that you should throw realism to the wind. But the lower you start from the end figure, the longer the road to get there, leaving the window open for other factors to come into play.
When it comes to recruiting and hiring, we simply cannot overstate the importance of moving quickly. In our history as a search firm, we have seen perfect matches break down simply because things were moving too slow. Whether another offer came to the table, a better position opened up elsewhere or candidates simply lost interest, time too often kills deals. If you are ready to hire great candidates get in touch with us today!