Do any of these hiring scenarios sound familiar:
- “the manager isn’t responding to the resumes I send,”
- “it takes us almost 4 weeks to schedule interviews with the interview team,”
- “the approval manager sat on the new personnel requisition for several weeks before we could post the position,”
- “it takes forever to manually post our positions to targeted job boards,”
- “it takes us several weeks to screen all of the candidates we receive”
If so, it is probably time to review your current recruiting process!
As a small to medium size company, you are probably losing revenue due to what I call “hiring process paralysis.” Yes, improving your hiring process by removing those barriers to successful hiring could save you thousands of dollars and hundreds of hours. Let’s look at one simple example. You have an open position for a Project Manager which has been open for a little over 90 days. Your delay in filling the position has stopped the progress and completion of an important project with a scheduled date of delivery promised to your customer. If you were billing your customer $175 an hour, your lost revenue for 90 days would total $126,000. And that’s revenue loss for just one unfilled position! Even more importantly, you run the risk of losing additional customer business to a competitor!
Do you know which steps in your process are slowing down or even stopping your hiring decision? Does it take longer than an hour to open, approve and post a new job opening? How long is it taking you to have qualified candidates on your hiring manager’s desk for review? Are slow and cumbersome communications slowing down the process? Are you losing good candidates to competitors because you are slow to respond?
A cost effective web based applicant tracking system like ApplicantStack® can help give you more flexibility and time to focus on important business/employment issues. The system automates many of the manual steps slowing down your process. Imagine, for a few hundred dollars a month and the click of a button, how you could shorten the hiring cycle and improve the quality of hires by opening, approving and posting job openings in less than a day, easily and quickly pre-screen, manage and communicate with applicants, instantly track and report recruiting data that is important to you and your company executives, mitigate legal risks… and demonstrate a positive effect on company revenue? Your ability to cure hiring “paralysis” just might earn you the reputation of being a profitable business partner instead of an expensive business department!