Hiring the best candidate faster in a burgeoning talent market can be difficult for many recruiters. It might be even more difficult if you continue using the traditional hiring practices.
Here are the top 8 ways to hire faster and economically in a candidate’s market. Get started to get started quicker with your candidate search.
Top 8 ways you can hire faster in a candidate’s market
1. Create Templates for Every Recruitment Process
The first step to hiring more accurately and consistently is to create clear, concise, and compelling templates for each step of the recruitment process, where writing a detailed yet crisp job description comes first.
The other templates you need to craft for a smooth hiring process may include Interview Invitation Emails, Follow Up Emails post-interview, Rejection Emails, Reference Requests, Offer Letter, and New Hire Forms.
2. Post to Multiple Job Portals
Many companies believe posting a job on a single job board will help them get the best candidate. Sadly, this is not how the candidate market and recruitment work. Today, if you post a job only on a single platform, you might get exposure to only 25% of candidates on that job portal.
So, to reach out to the remaining 85% of top talents, you should post your job requirements on various job portals, which can cost you a hefty amount of money. However, you can rely on Remark Jobs, which has a huge database of top Indian candidate resumes that you can access for free and hire your ideal candidate faster and cost-effectively.
3. Respond to All Candidates After They Apply
Prompt and effective communication is crucial for a fruitful hiring process. Applicants often prefer prompt and frequent communication with their potential employer as the best green flag in the recruitment process and candidate experience.
However, being an employer has its own boundaries as you may have multiple things on your plate, and because of that, you cannot spend all your days in front of your computer screen. So what is the solution?
The answer is an Applicant Tracking System (ATS). It automatically sends interview invitations to your preferred candidates. Also, you can send polite rejection emails if you are not selecting a candidate. The best candidates may have multiple options, so recruiters should hire them quickly.
4. Hire Through Employee Referrals
One of the most low-cost ways to hire the best candidates is through employee referrals in exchange for incentives. You can explore your networks and ask your employees to refer individuals who can be a better cultural fit for your organisation.
Reports say that when you hire through referrals, referred candidates get hired 55% faster, are more likely to stay with the company due to cultural fit and produce 25% more profit than employees hired from elsewhere.
5. Fast-Track Top Candidates Through Pre-Screening Questions
For example, if your good luck and strategies are combined and are in your favour, and you have several applicants for a specific position, how would you find out which candidate fits best for that position?
This is where Pre-Screening Questions come in. When you add these questions to the job application, you can automatically fast-track your recruitment process by filtering out candidates not meeting your minimum criteria. These questions help you with the question, Do I want to know more about this candidate?
Having pre-screening questions would do half of the guesswork on your part, while you will only have to focus on candidates you want to know more about. Remark can help you get the AI Questionnaire ready for your pre-screening process.Â
6. Speed Up Your Recruitment Process via Automation
According to a report, around 50% of hiring managers discovered automation beneficial in their hiring process. For instance, automated interview scheduling makes it easier and more convenient for recruiters to schedule interviews for the selected candidates from pre-screening.
Also, candidates find automation more convenient because they get a prior notification if their interview gets scheduled. Automation is helping speed up the entire recruitment process, making it easier for recruiters to move forward with the interview process and cutting the interview scheduling time by 91%.
7. Craft a Precise Candidate Profile to Assess Candidates Better and Faster
Before you step into the hiring process for a particular role, it is better to understand the role and its responsibilities. Therefore, check out all the criteria, attributes, and qualities you want in that person and enlist everything you are looking for in a candidate.
Ensure you understand the role completely, what it must have, and the red flags. Once you know what and who you want for a particular role, make a clear candidate profile, and you are halfway there to find your ideal candidate.
8. Foster Great Candidate Experience So That They Can Accept Your Offer
Once you find your ideal candidate, make an undeniable offer. However, money and position are not the only things an individual looks for when searching for a job. As per the reports, 52% of job seekers declined the job offer due to poor candidate experience, where the main reasons were:
- Negative experiences with people during the interview process
- Salary and benefits do not meet the expectations of the candidate
- Different roles and responsibilities from the job description and expectations
Therefore, ensure a lasting candidate experience for hiring and attracting top candidates. To foster a better candidate experience throughout the hiring process, say what you do and do what you say. Clearly define the role and responsibilities in the job description, and don’t change them once the candidate gets selected.
Also, make sure to make an offer including compensation and benefits as per the current market trends, and not less than that. Finally, try to stay connected with the candidate throughout the process, solve their queries, and make them comfortable with polite and respectful behaviour.
Conclusion: Hire Top Talents with Remark – The Best Job Portal in India
Now that you know how to hire candidates faster, we believe you may get better results and great hires. If you are looking for candidates matching the role, look no further than Remark. It is an AI-powered and the best job portal in India which can help you find the best candidates in moments through automation.
