According to a recent analysis from Glassdoor, companies are taking longer than ever to go through the hiring process. As we have discussed before on this blog, long wait times between applying, interviewing and hiring can cause companies to lose out on top candidates when they lose interest or accept other offers, so this increasing wait time means that many organizations are probably depriving themselves of good hiring opportunities by dragging their feet.
Glassdoor found that the average time it took to hire a candidate, from vacancy to offer, nearly doubled over the past four years. In 2010, it took an average of 12.6 days to make an offer, and by the end of 2014, that number had ballooned to 22.9 days. Much of this increase can be attributed to employers incorporating more complicated interview processes, like group panel interviews and candidate presentations.
Meanwhile, nine out of 10 recruiters say that the current market is candidate-driven, according to John Zappe writing for ERE.net. This means that the best candidates, especially top executives, will have no problem dropping out of an excessively long interview process to accept a different offer.
Working with a retained executive search firm can help decrease the length of the hiring process and let you snatch up the best executive candidates quickly. Because we screen candidates before you even start interviewing them, you will be able to have confidence that any of them could be a relatively good match, and won't have to go through as many supplementary procedures to complete the process.
Finding people is easy, but finding the RIGHT people is not. YES Partners helps companies FIND the right people – for all company functions, across many industries and globally.
