A company that hires too slowly is a company that will not be competitive in the marketplace. Hiring too slowly can also be a sign of trouble with the company. Hiring is one of the most critical and time-consuming tasks that a company will ever do. It takes up a lot of resources, time, and money. Companies and leaders need to find ways to speed up their hiring processes.
Hiring is a crucial part of any business. But unfortunately, it is a process that takes time and resources. But it doesn’t have to be this way. Here are some simple ways to speed up the hiring process and ensure you make the best hire for your company.
1) Ensure you know and document the must-have characteristics and experiences documented
The first step to ensuring an effective hiring process is knowing what you are looking for in an employee, which should be documented clearly. Once you have this document, it will be easier to act on any applications as soon as they come in.
2) Act on any applications asap
Recruiters should be able to screen candidates with a set of questions to filter out those who don’t meet your criteria. You must function as quickly as possible, as most candidates simultaneously apply to many roles. You can lose out on great candidates if you are too slow.
3) Have an incredibly transparent and specific job posting
A job posting is a potential candidate’s first impression of your company. It should be free from any ambiguity. The clearer you are about your wants, the more candidates will apply for the position. The more information your posting contains about what you’re looking for in a candidate, the better-qualified applicants you’ll receive. Be specific about what skills are required and what qualifications are necessary. For example: “Minimum 3 years experience in marketing communications.” If you don’t have much experience listed as a requirement, then people who do won’t apply! A specific job posting that includes information such as the salary offered can also speed up your hiring process.
4) Don’t rely on posting and praying.
It’s not enough to post an ad and hope for the best – you need to actively recruit by reaching out, networking with other businesses, using social media, and attending events. Hire from within first. Look at what you already have when you can’t find a candidate in your network or through your connections! Hiring from within is often overlooked but can save valuable time and money.
5) Offer referral bonuses
One of the best ways to speed up your hiring process is to offer referral bonuses. This is a fantastic way to incentivize employees to refer people for open positions. It is a solution where everyone benefits both the company and the employee.
Referral bonuses can be in cash, stocks, company shares, or even gift cards. The amount you offer should depend on the position you are trying to fill. For example, offering $10,000 in cash or stocks would be appropriate if you are looking for a senior executive. But if you were looking for a junior-level position like an intern, offering $500 in cash or stocks and some other rewards might be more appropriate.
Final Thoughts
Speed up your hiring process by working with Hire4Me. Our average recruiting cycle currently stands at 26 days. That’s 20 days faster than the industry averages. We make hiring easier for small business owners. Connect with us today to learn more.
