If you have a slow hiring process, your team is going to missing out on the top talent who receive offers from other companies while you’re still working on making a final decision.
One of the key performance indicators for hiring teams is how much time they taking to lock any candidate for a job profile. You’d be surprised to learn that only 20% of companies are able to fill a role within 30 days. The remaining take anywhere between 1 to 3 months to make a hire a candidate!
Taking too much time to fill a position doesn’t just increase the cost per hire, but with it comes the chance of dropping top performers. Mostly 60% of job seekers get bored in a job because of the lengthy hiring procedure.