The Reduction in Time to Hire – and the Rise of Automation
The world of hiring is changing. With unemployment rates across the country nearing record lows, employers are ferociously competing for top talent. The state of the job market has caused employers to make numerous adjustments in pursuit of better hires. A push to minimize hire time is among those adjustments.
The philosophy behind reducing hire time is that the longer an employer waits to make a hiring decision, the greater their risk of losing top candidates to other companies. While the job market is healthy, the average cost of living is also reaching a record high. Job seekers don’t have time to wait around for offers of employment, which means that the fastest company to make a job offer is often the one to win the best candidates.
Employers have one big boost in their efforts to speed up time-to-hire: the rise of automation technologies.
Automation has allowed companies to streamline and expedite many of the pre-employment screening steps that used to take the longest. Key areas in the hiring process where automation has changed the game include the following.
Resume screening: Just because unemployment rates are low doesn’t mean that no one is applying for jobs. According to Glassdoor, the average corporate job attracts 250 applications. It seems that, for the right position (and the right salary and benefits) candidates are still willing to show up in droves. The downside to this glut of applicants is that employers are left with a near-impossible stack of resumes to sort through and narrow down.
Luckily, automation—in the form of applicant tracking systems—has made it possible to speed through the resume screening process. An applicant tracking system can sift through resumes based on criteria that you select. At the end of the process, you will have a much more manageable stack of resumes to sort through manually to decide who to interview.
Video interviews: Automation offers gains at the interview stage, too. Many employers like to conduct multiple interviews before filling a position, including phone screenings, video interviews, and in-person interviews. Unfortunately, the time required for this traditional, multi-step interview process adds up and takes important members of your business team away from their work on a repeated basis.
Software like Spark Hire allows you to automate part of the interview process. You record video interview questions ahead of time and let candidates access these questions—and record their video responses—on their own time. Automating even this small part of the process minimizes the time that you spend conducting interviews and enables you to review candidate responses whenever you want.
Candidate communication: Job applicants want to be kept in the loop about their hiring status. Unfortunately, communicating closely with every single candidate you interview takes up precious time. Most applicant tracking systems, in addition to having resume sorting capabilities, include chatbots, email automation, and other tools that help you keep your candidates updated with a minimal time commitment.
At backgroundchecks.com, we do our part in reducing your time-to-hire by making pre-employment background checks as simple and as quick as possible. Some of our checks—like our US OneSEARCH criminal database search—even deliver instant results. Most others take just a few days and require little from you beyond basic information about your candidate.
With our background checks, you can cut down on hire time while doing your due diligence. Contact us today to learn more.