People are often the most lucrative parts of any business, any success experienced is usually the result of their hard work. Therefore, just like with any new technology, marketing or product development investment you may make along the way – investment in your recruitment procedure must also take precedent.
If you’ve followed us at Rectec for a while, you’ll know how strongly we feel about the benefits of wonderful softwares such as ATS and CRM in getting ahead in the recruitment game. But, we’re also big promoters of harnessing a strong focus on investment into your interviewing experience as a whole. Afterall, this is the process that acts as a gateway to attracting and securing top talent for your organisation. By investing in this key stage, you can ensure that you are identifying candidates who not only possess the necessary skills and qualifications but also align with the company culture and values.
According to Standout CV, in 2023, a huge 69% of companies now have virtual interviews when looking for new recruits. Creating an ease for the candidate due to the lack of transport costs and reduced time needed to attend, it could be argued that these kinds of interviews are one of the better things left behind from the pandemic. However, It is, of course, still the norm for most employers to meet candidates face to face at some point along the way and it’s best to think about when it is best to do this. If your recruitment is more than a two-stage process then perhaps virtually whittling down the list as much as possible first could help you in keeping candidates on board. Additionally, with the rise in hybrid/remote work companies can now attract talent from much further afield but, when doing this it is important to respect the fact that more barriers may arise when trying to meet with candidates, simply due to the fact they’re based 100 miles away. Of course, candidates see interviews as an overall experience and investment in their development so the buck does not 100% fall with the recruiter. But, a recent study commissioned by Trainline found the average cost of attending an interview is a whopping £100 so it is important to remain understanding of candidates and what they might have to go through, or spend, during the hiring process.
On top of this, a well-designed interviewing process not only evaluates candidates but also provides them with valuable insights into your company and its culture.
Candidates who have a positive experience during the interview process are more likely to view your company favourably, regardless of whether they receive an offer. This can have a direct impact on strengthened employer branding, making you more attractive to top talent in the long run. Additionally, candidates who have a positive experience are more likely to share their experiences with others, further enhancing your company’s reputation as an employer of choice. Additionally, by incorporating diverse interview panels, standardised interview questions, and structured evaluation criteria, you are able to mitigate unconscious bias and create a more fair hiring process. Not only does this contribute to a more diverse workforce, but it also fosters a culture of inclusion where all employees feel valued and respected.
Ultimately, investing in interviewing processes is an investment in the long-term success and growth of your organisation. By hiring the right people for the right roles, high performing teams are formed that drive innovation, productivity, and profitability. When assessing your talent acquisition strategy, place the talent at the centre of your plans. Ensure any risks of causing an excessive financial or time burden to candidates are mitigated and evaluate the company values and insights you want to offset. By continuing to refine the process you will be able to position yourself for sustainable growth, competitive advantage, and excellence in the marketplace.
A quick, responsive process is what you need to attract and engage the best talent.
At Rectec we help organisations to find the best Applicant Tracking System or best Recruitment CRM to suit your needs, accompanied by our unique complementary technology marketplace, to help you build the perfect recruitment tech stack for your business.