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While finding great candidates is about diversifying talent pools to match a position, the real challenge lies in doing it quickly. While assessing a suitable fit for a role takes time, delaying your selection could result in top talent knocking on the door of a more decisive competitor.
When efficiently hiring quality talent, companies can shortlist the best profiles faster by offering job seekers a winning candidate experience.
Timing is key in keeping your target audience interested. We at Ongig believe that combining technology with human expertise enhances recruitment. On that note, let’s explore the steps for speeding up recruitment to guide the success of your talent acquisition goals.
Two metrics come to mind when hiring quickly at scale. Firstly, the time-to-hire determines how fast it takes to successfully hire a candidate for a role. Essentially, it refers to how long it takes for your team to approach new talent and have them accept a job offer. Your time to hire matters because:
The factors that affect your overall time to hire include:
Secondly, there is the time-to-fill metric, which measures the time it takes for a new employee to fill a vacant role. While time-to-hire and time-to-fill standards differ according to industries and seniority, you can generally improve these metrics by synergizing AI solutions with innovative talent acquisition strategies.
Hiring faster at scale is a challenging priority for enterprises since they constantly deal with large volumes of applicants and open positions. Manually vetting several job applications is manageable, but it becomes a real headache when they stream in by the thousands.
We have identified the following strategies to help you optimize the candidate experience and cost-effectively increase job application rates.
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