Businesses in different sectors will have different internal policies, regulations and talent management issues they'll need to grapple with before making a hire. By the time you put job ads out, collect resumes, set up interviews and get everything else in motion, you could be looking at weeks of work. All of that time is spent with a gap in your workforce and employees devoting resources to looking into prospective hires who may not deliver value to the business. What's more, many recruitment efforts get stalled at various stages, slowing the process to a crawl.
Before long, you could be looking at weeks or even months with open positions. At what point is it clear that you're doing something wrong? It can be difficult to identify exactly what length of a job search is too long and an indicator of a problem, but here's a look at what you should expect so you have a baseline to work from.
Considering job search details
DHI Hiring Indicators regularly gathers and analyzes raw data related to the hiring process and compiles it into reports detailing the job market. One of the research firm's core metrics is the DHI-DFH Measure of National Mean Vacancy Duration, a figure that identifies the average amount of time a job remains unfilled after the position becomes vacant. In January of 2001, the earliest year with available data, the average vacancy was 23 working days. At its shortest, the amount of time jobs remained vacant hovered between 15 and 17 days in late 2009 and early 2010. Since then, the duration of vacancies has been gradually rising to approximately 29 days in January 2018.
"The duration of vacancies has been gradually rising to approximately 29 days in January 2018."
In a broad sense, this data aligns with a study from Glassdoor, which found that hiring timelines can vary substantially between countries. The longest average interview process was reported in Brazil, coming in at almost 40 days. Conversely, the process takes just 16 days, on average, in India. Similar variance is in place within the U.S., where jobs in Washington, D.C. taking an average of 33.2 days for companies to complete the hiring process compared to just 16.9 days in Kansas City, Kansas.
Accelerating your job search
With hiring timelines increasing, it is clear that organizations should expect it to take up to a month and a half to fill a position, but anything longer is excessive in many industries. Contact us today if you need help getting your hiring process moving quickly. YES Partners offers full recruiting services and a global network of professionals to consider for hire.
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