Time to hire is one of the most commonly used metrics when judging recruitment success, because the longer a position remains vacant, the more the recruitment costs mount up, and the more potential productivity from that role is lost.
Therefore, it's essential that your processes are streamlined and efficient if you want to meet your time to hire KPIs. However, you should never sacrifice the talent quality of your new staff in order to maximise your recruiting speed.
You might reduce time to hire in this way, but at the cost of more expensive onboarding, or increased turnover rate among new hires. So, how can you reduce hire time and still recruit the best talent the market has to offer?
1) Become Data-Driven
Use a contemporary Applicant Tracking System (ATS), such as Octo, to gather and analyse data about your recruitment processes automatically. This will enable you to see where you could streamline your operations and reduce your time to hire, e.g. by using different recruitment channels, or tweaking the marketing messages used to attract your talent demographic.
2) Develop A Seamless Hiring Process
Design and implement a systemised hiring process to minimise errors and delays. Automate tasks wherever possible, using high-quality recruitment management software, to save time and keep everyone on track.
3) Create A Talent Database
Reduce the amount of time it takes you to find appropriate candidates by creating a searchable talent pool. You can speed this process up by using Octo Premium ATS. This software enables you to select and approach registered candidates for your projects without having to go through recruitment boards and agencies that each position. When combined with recruitment automation, a good talent database can improve your response rate by automatically marketing relevant positions to a preselected, ‘warm’ talent base.
Harnessing the power of intuitive talent management software will enable you to attract and recruit high-quality candidates more efficiently. You can use a modern ATS platform, like Octo Premium, to manage everything from vacancy requisitions to onboarding in a streamlined way, saving you time and money.
6) Optimise Your Job Listings
To attract the right candidates for your vacancies, you need to create outstanding job adverts. This means presenting key information about the role, the skills required to perform it, and the application process in an appealing manner. To find out how to do this, download our handy free guide.
7) Simplify Your Interview Booking Process
Creating a process which allows candidates to book their own interviews online will boost the chances that they'll attend. It will also minimise the number of telephone calls and email chases you need to make, and reduce the paperwork involved in managing interviews. Our Octo ATS has a built-in portal that enables you to streamline pre-and post-interview communication, with automated reminders and updates to keep candidates informed.
One of the most productive methods that you can use to improve your time to hire statistics is to work with a professional talent management company. They'll be able to help you optimise your recruitment processes so that you can achieve the best results from your hiring campaigns. At Blue Octopus, we can provide you with ongoing support through our cost-effective managed recruitment services, as well as our market-leading ATS software. Please contact us today to find out more.