Recruiters are quite familiar with the time it takes to hire a candidate. They’re always on the lookout for different tactics that can cut down their time-to-hire. This parameter is one of the top key indicators of the efficiency of a hiring team.
Around 30% of companies are able to hire candidates in 30 days and the rest require up to four months to hire. If the hiring process goes on for too long, 57% of job seekers are known to lose interest in the job. Clearly, if the time-to-hire is too long, it can result in losses for the business.
However, you can minimize your time-to-hire with these awesome strategies:
Build a Good Reputation
Job seekers always want the best for themselves, so they prefer to work for a company that has great reviews online. They want to work with companies that have a good reputation and a great work culture.
Candidates won’t apply for a job unless they are satisfied with the reviews, even if they are currently unemployed. To grab the attention of quality candidates, you need to showcase the benefits and perks you offer as well as snippets of your company culture.
You also need to provide a great candidate experience because happy candidates are likely to write positive reviews about your company online. This way potential job seekers will want to become a part of your company.
Source Candidates via Social Media
You can source candidates for your company through social media platforms like Facebook, Twitter, LinkedIn, and Instagram. This will minimize your time-to-hire and maximize the chances of identifying the right candidates at no additional cost.
People who are already following you on social media might be interested in your job openings. So, share your open positions on your social media accounts to attract quality candidates and hire in a shorter span of time.
Use a Referral System
A referral system is a great strategy to recruit the best candidates with the help of your existing employees. You need to encourage your employees to recommend suitable candidates for your open jobs.
You can offer rewards to your employees if their referrals get hired. Such incentives can help to encourage your employees to refer to more candidates.