Online video interviewing from Hire-Intelligence

Hiring Managers, Wake Up and Hire Your Candidates Already!

Last week my blog post implied that an increase of available jobs would make finding talent more difficult for hiring managers, but would also spur them into making a hiring decision more quickly.  In the past, you see, hiring managers were content to drag their feet believing that job candidates would wait a discourteous amount of time because few other jobs were available to them.

Now that more jobs are becoming available, I believe hiring managers will have to move faster to secure talent rather than wait to see if something better comes along.  Recent survey results by Management Recruiters International appear to corroborate this hypothesis.  According to their “Recruiter Sentiment Study” after the first interview has been conducted, nearly 40% of hiring managers take 3-4 weeks before making a job offer.  According to MRI’s study last year, nearly 42% of their candidates who received a job offer turned it down.  Of the 42%, 31% turned it down because they had accepted another job offer.

One MRI recruiter in the study provided these comments which echo my comments from last week’s post. “Time is the enemy when recruiting exceptional talent because these individuals have more choices. The longer the process goes on, the less likely the candidate will be around to take the offer. Clients need to speed up the hiring process because once a candidate is “in play” other recruiters will find them too.”

Not only is a significant amount of time passing before the candidate is made an offer but the majority of companies (43%) do not make an offer until the candidate has been interviewed three times.  I understand that companies want to make good hiring decisions in an effort to minimize turnover but employers now must adapt once again to the changing economic climate and operate with greater urgency.  New technologies such as video interviewing can be adopted so that hiring managers can more efficiently make hiring decisions.  According to a study by the Aberdeen group, companies using video interviewing filled their positions three times faster than those not using video.

Aside from accepting another offer, the second most cited reason (26%) why candidates reject an employer’s offer is because the salary/benefits package was lower than expected.  An additional sixteen percent accepted their current employer’s counter offer.  Again here is another example of why employers must change their mind set.  With jobs being scarce, employers could snag candidates with low ball offers, but now with more options available candidates can afford to say “no thanks”.

Corporate profits hit an all time high last year but despite this, wage growth has barely outpaced inflation.  In fact wage growth hasn’t been this low since the 1960s and for many it has actually declined since 2007.  Employers need to recognize the real costs of leaving their positions vacant, move to hire top talent more quickly but also offer reasonable wages.  If you want your organization to get out of the basement the time to start ponying up some real dough is now.  Take a hint from the Cleveland Cavaliers.

About The Author

Ryder Cullison

Ryder has more than 10 years of experience working with retained search clients as a search professional. As a pioneer of Interview4 he has great knowledge of video interviewing. He writes about all things hiring and looks forward to engaging with his audience on topics of leadership, recruiting, candidate screening, and employee satisfaction. Follow him on Twitter: @hireintelligent and @cullison1

4 Responses to “Hiring Managers, Wake Up and Hire Your Candidates Already!”

  1. July 30, 2014 at 11:27 am

    I was in this position of refusing an offer because I was fed up by the delay of the offer. I had the right skills for the required position but their long recruitment process made me think that they were not so professionals. I totally agree that companies want to hire top talent employees but sometimes hiring managers forget that future employees have their needs too. As you already said video interviewing can be a suitable way of speeding the hiring process. We are living in a world of technology and we should take the benefits of it.

  2. July 30, 2014 at 11:38 am

    Thank you, Mihaela! Your comments are welcome as usual!

  3. August 17, 2014 at 3:16 am

    The max time needed to position new hires should be no more than the notice period required from the departing employees. Any delays in filling vacancies, could give the impression that there could be a downsizing due to reduced business activity.

  4. Prasad Joshi
    November 20, 2014 at 7:34 am

    Employee recruitment is the most critical and valuable process in any organization. As employees are the actual assets of company and that is why recruiter should hire the best assets. Most of the time it is very much time consuming due to lack of availability of best fit candidate. So i think it this case it is always better to usebest online employee hiring software. Most of the online hiring tools are having huge database of registered candidates so it is better to search candidates manually. I think all employer should thing about being high-tech in employee hiring as well.

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