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Optimize Your Hiring Process

10 Ways to Reduce Time to Hire

Written By April Bohnert | October 11, 2023

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The challenge of tech hiring isn’t just securing top-notch talent, but doing so with agility and efficiency. Any business that has felt the pinch of vacant roles is all too familiar with the costs. Every unfilled position chips away at productivity and morale, delays project milestones, and nudges up operational expenses. And if the talent gap isn’t bridged swiftly, it’s not just about immediate losses; the ripple effects can jeopardize long-term growth and sustainability.

Recent data pulls the alarm bells, indicating that the time to hire has surged by nearly 40% since the onset of the pandemic, now clocking in at an average of 44 days. Tech roles in particular can range from a somewhat brisk 29 days to a lengthy 66 days. The first quarter of 2023 alone saw an addition of a full day to this timeline. So, what’s causing this slowdown?

Several competing factors are at play. We’re grappling with an era of rising skills shortages, which are amplified by low unemployment rates and the increased adoption of new technologies. While tech is facing a growing talent scarcity problem, many job seekers have become more discerning, spurred by desires for better pay, flexible working conditions, and opportunities to grow. And in the backdrop of all of this is the mass exodus of 1.4 million Americans from the workforce, spurred on by the pandemic.

Yet, it’s essential to remember that while external market conditions might seem immutable, internal hiring processes are not. And that’s where the potential for change, improvement, and efficiency lies. In this article, we’ll share 10 proactive steps to adapt, streamline, and enhance your hiring strategies, allowing your team to hire the right talent faster and meet these challenges head-on.

How to Accelerate the Hiring Process

Every stage of the hiring pipeline — from sourcing and screening to interviewing and onboarding — has potential bottlenecks that can impede speed and efficiency. But where do you begin to untangle these knots? The key lies in a data-driven understanding of your hiring process.

Before diving into strategies to reduce time to hire, it’s neccessary to pinpoint where the slowdowns are happening. Are candidates dropping off after initial screenings? Is interview scheduling causing unnecessary delays? Maybe the offer negotiation phase is more protracted than it needs to be. By leveraging analytics and consistently measuring key performance indicators, hiring teams can discern which stages of their process are the most time consuming or inefficient.

With this clarity, teams are empowered to make strategic decisions about where to allocate resources and which solutions to prioritize. There’s a plethora of strategies out there, but with increasingly limited hiring resources, the key is deploying the right ones at the right junctures. And remember, it’s not just about speed but ensuring that the quality of hires remains high. With this foundation in mind, let’s explore actionable strategies tailored to optimize and accelerate your tech hiring process.

Streamline Job Descriptions

The first touchpoint with potential candidates is often the job description. The key is to keep it concise, be specific about the responsibilities of the role and the skills needed, and communicate what really matters to job seekers: learning and development, flexibility, and transparent salary ranges. To understand the specific needs of a role, organize brainstorming sessions with the team that has the vacancy. Utilizing clear bullet points and active verbs, and highlighting unique benefits or opportunities within the role can help strike the right balance between brevity and substance.

Leverage Assessments Tools

Relying solely on traditional assessment methods – like a resume review or an algorithm challenge – doesn’t always provide the strongest signals for a candidate’s technical skills. A key step in optimizing your hiring process is to use in-depth technical assessments that provide a swift yet robust evaluation that can be customized to suit the needs of the role. An added bonus? Many tools today come equipped with features that ensure assessment integrity, curbing the risk of plagiarism and cheating.

Add Structure to Your Hiring Process

Thoroughly outlining your process and setting clear expectations can bring some much-needed structure and efficiency to hiring. By standardizing every step — from initial screenings to final interviews — you create a roadmap that’s easy to follow and replicate. This isn’t just about speed; it’s about consistency and fairness, ensuring every candidate gets an equal shot, and biases are minimized. Companies might consider periodic training for interviewers or even integrating AI tools that help ensure unbiased feedback and evaluations.

Invest in Employer Branding

91%of job seekers seek out at least one resource to evaluate a company’s employer brand before applying for a job, and 69% of candidates are likely to apply for a role if the company actively manages their employer brand. By showcasing your company culture, values, and success stories, you can attract candidates proactively. Use platforms like LinkedIn, Glassdoor, or even Instagram to give a peek into the day-to-day life in your company. Engaging content, testimonials, and behind-the-scenes looks can make your company more relatable and attractive.

Another strategy is to host branded community events & hackathons that engage developers and showcase the types of problems your team solves.

Opt for Skill-Based Hiring Over Pedigree

The future is skill-centric. By prioritizing tangible skills over traditional qualifications, you widen your net, more than doubling the eligible talent pool. This approach also supports diversity and brings in a range of experiences — including those that don’t include four-year degrees. Building a robust skills strategy takes time, so start small and consider leveraging platforms that allow for skill-based challenges or practical tasks as part of the evaluation process.

Encourage Upskilling and Internal Mobility

Often, the talent you seek is already within your organization. By investing in upskilling programs and creating opportunities for internal mobility, you prepare your employees for future roles and increase the rate of internal hires. And one of the key benefits of making internal hires is that their hiring process tends to be shorter, helping you fill roles faster. Regular internal job fairs or an internal job marketplace can be effective ways to promote open positions to existing employees.

Maintain Your Talent Pipeline

Think of hiring as a continuous journey, not a destination. By maintaining an active database of potential candidates and nurturing these relationships, you’re always a step ahead. Your pipeline should include both internal and external candidates as well as previous candidates who showed promise but weren’t the right fit at the time. Engage with these job seekers through newsletters, workshops, or even casual coffee catch-ups. You could also engage with the developer community by attending conferences or hosting hackathons. When a position opens, you’ll be ready with have a vibrant talent pool to tap into.

Make Candidate Communication a Priority

Candidate experience is critical. Nearly 63% of candidates report being dissatisfied with the level of communication from employers after applying for a job, whether it’s updates about next steps or feedback after a rejection. And 49% of job seekers say they’ve declined a job offer due to a poor candidate experience.

Building strong communication channels with candidates is a straightforward way to improve the experience. But it goes beyond just informing candidates about their application status. It’s about engagement. Regular touchpoints, even if it’s just a quick update or sharing company news, can keep them connected. A transparent timeline of the hiring process and what they can expect next can also make a significant difference in their experience.

Tap Employees for Referrals

Tapping into the networks of your existing employees can be a goldmine. Not only do these candidates come with a personal vouch, but the familiarity can often expedite the initial stages. In fact, a study from Aptitude Research found that 62% of companies that consistently invest in employee referrals reduced their time to hire. Encourage employees to participate by offering referral bonuses or even non-monetary incentives like additional time off or recognition within the company.

Embrace Automation in the Hiring Process

HR managers lose an average of 14 hours per week manually completing tasks that could be automated. From scheduling interviews to sending out follow-up emails, automating repetitive tasks saves time and reduces human error. Consider integrating applicant tracking systems (ATS) that have automation capabilities. But remember, while automation accelerates tasks, the human touch is irreplaceable. Use automation to handle routine tasks, but ensure personalized engagement remains intact, striking the right balance for a seamless and efficient hiring process.

Key Takeaways

While the challenges of tech hiring today are undeniable, they also present an opportunity — a chance to refine, reimagine, and reinvent hiring processes. Forward-thinking companies that seize this opportunity will not only reduce their time to hire but will also position themselves as the most sought-after destinations for top tech talent.

This article was written with the help of AI. Can you tell which parts?