Does it take you longer than a month to fill your typical position? If so, this could be deterring top talent from your hiring process, because according to research from PWC, the biggest frustration experienced by jobseekers (67%) are ‘businesses that drag out the recruiting process longer than a month’.
Of course, job applicant patience levels are position specific, which means that senior candidates may expect and therefore be able to tolerate longer hiring times. But, even the more measured C-Suite candidates have their limits and are more likely to abandon a tardy hiring process than junior candidates. The findings of a poll from reported on HRDive.com confirmed this: ‘Job applicants are frustrated by scheduling delays, but particularly those in the running for senior positions — and 62% of senior-level candidates surveyed left the process over such issues.’
You should be even more concerned about a tardy hiring process, if you are operating in certain high-demand sectors such as technology, banking and energy. This is because research shows that a massive ‘49% of candidates in these sectors are more likely to turn down a job if they have a poor recruiting experience’.
A faster hiring process will have a material impact on your crucial KPIs: increasing your candidate pool size/quality and offer acceptance rate, while at the same reducing dropouts and no-shows. This rapid filling of open positions can minimise production delays, reducing time-to-market, making you a more responsive and adaptable company.
Even though hiring teams are aware of acute shortcomings in their hiring process, due to being acutely time pressured many are unable to make a continued strategic effort to reduce their average time to fill. It doesn’t have to be this way, as significant hiring process improvements are just a stone’s throw away. In fact, many firms are rapidly deploying game-changing and market-proven strategies to reduce their time to fill such as:
While effective, these approaches can take time to organise and rely on the engagement of stakeholders within the organisation. However, one of the simplest ways to reduce time to fill is to adopt state-of-the-art applicant tracking software (ATS) offering cutting edge AI technology to automate the most time-consuming aspects of the hiring process.
It’s not rocket science, any size talent team can use an ATS to reduce their time to fill and here’s an example study of how one SMB company, Ainscough, did just that. They were labouring with a clunky piece of legacy HR software which was proving to be time-consuming and inefficient. The talent market had changed since they acquired this software becoming more complex and dynamic and this legacy software had failed to adapt and as a result had developed a catalogue of limitations, including but not limited to:
The result of this was a lengthy hiring process which required the HR department to manually filter through applications which was proving time-consuming due to the extremely niche roles they hired for and the very specific certifications that needed to be identified in each CV.
Occupop’s ATS offered 5 game-changing features which when embedded within Ainscough’s process worked to enhance and streamline the hiring process at every stage.
After deploying Occupop, a modern, best-of-breed ATS with tools to help automate and simplify the talent attraction and management process, Ainscough were able to:
“I have been so impressed with the system that I've recommended Occupop (and the team) to many others. It's dead easy to use, saves us a lot of time through improved processes and just makes my life easier as the HR lead.” says an Ainscough user of Occupop.
Read our entire Ainscough case study to learn more about how they managed to reduce their time to fill streamline their hiring process using our ATS.
Occupop is a beautifully simple recruitment software built for small and medium businesses. We empower our customers to become great at hiring through our smart hiring technology and suite of solutions that almost anyone can use. So whether you're a team of five or fifty, it only takes a few minutes to onboard your team members, set permissions, and start recruiting. If you think Occupop could be a good small business recruitment software solution for you, try it out today with a free 14-day trial.