Time is money, especially in executive recruitment. It can take a while to process applicants, and your business can stand out by making the recruitment process quick and efficient. This not only keeps the candidate from being distracted by other offers in the meantime, it also saves your company money on a prolonged search.
Here are a few practices that could lead to lost time during recruitment, and some ideas on how to avoid them:
- Inappropriate salary offers: In a piece for ERE.net, Dr. John Sullivan says that the longer a company waits to hire a candidate, the higher their salary demands will be. The goal is to approach the right person as soon as possible and give them an offer they'll respond positively to. He adds that companies take an average of 47 days to hire someone, which he says is far too long to decide.
- Lack of organization: Having a professional, week-by-week schedule helps keep companies on task and on time. No matter what unexpected things happen during the search process, you will have a solid foundation to start from if you start with a plan.
- Lack of assertiveness with passive candidates: Dr. Sullivan also advises against companies waiting for passive candidates to make the first move. These individuals aren't actively looking for a job, which is more incentive for your business to approaching them directly, using assertive sourcing practices.
Working with an experienced executive recruiter, businesses will know the traps to avoid, and how to make sure they don't lose that perfect executive candidate by wasting too much valuable time.
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