Do you think your hiring process is costing you talent?

Hiring the right people is often a challenge for businesses. Without proper planning, you can quickly lose out on talented candidates. Using these tips, you can avoid losing out on top talent when hiring employees. Let's get started!

The first step in avoiding losing out on talent is to time your recruitment process efficiently. Businesses often make the mistake of taking too long in the hiring process (usually because they lack planning at the beginning), which can cost them, talented candidates. When filling a position, it takes about 42 days on average, but it can last even longer if you are not efficient in your search.

You must clearly understand the role you are trying to fill, as well as the required skills and experience. Once you know what you're looking for, you can start reaching out to potential candidates.

One of the most effective methods of reaching out to potential candidates is through online job boards or LinkedIn (according to our recent poll, this was the primary method). However, there are more cost-effective solutions, such as a career page on your website (with an easy application process), social media outreach (via an applicant tracking system), or even employee referrals. Increasingly, employees enjoy sharing on social media, so ask them to promote your role for free!

Next, you'll need to screen potential candidates. Another mistake many businesses make is to take too long to review resumes or schedule interviews. Efficiency and organization are key here. Set up interviews as soon as possible after examining CVs/resumes.

Now that the process has begun, there are several key ingredients that will ensure its success.

Share information on company culture.

A common mistake businesses make is not sharing enough information about their company culture with potential employees. This can turn off top talent, who will want to work for a company that values every individual. Share information about your company's culture on your website, on social media, and during interviews.

Be clear about the role and expectations.

It is a common mistake for businesses to be unclear about the role or expectations during the interview process. As a result, candidates often withdraw their applications. Prior to moving forward in the hiring process, make sure you understand the role, expectations, and what the company can offer.

Discuss internal mobility.

In LinkedIn's 2022 Workplace Learning Report, it was found that companies that excel at internal mobility keep employees for nearly twice as long as those that don't.  This is because employees who feel they have opportunities to grow within a company are likelier to stick around. During the interview process, make sure candidates know that your company offers opportunities for growth.

Follow these tips to hire the best employees for your company and avoid losing out on top talent. The key to success for your business is to be efficient, clear, and organised.

This blog post was brought to you by Victoria Creamer. I lead sales for Stryve and we specialise in hiring technology for fast-growing companies. If you're interested in learning more about our services, you can book a meeting in with me here. Thank you for reading!