Low unemployment has tightened the labor market, making it tougher for companies to find the talent they need. Companies that don’t streamline their hiring process are even more likely to lose out on top candidates.
A 2018 study found that over 50 percent of employees who started a new job that year had been hired within two months of launching their job search. Forty-three percent said they had a new job offer within two weeks of applying for a new job.
Two months is a quicker hiring process than many employers use. Two weeks can feel overwhelming. How can your organization keep up?
Know who you need before you need them.
When an opening appears on your team, it may take you by surprise. As a result, you may find yourself scrambling to create an updated job description that covers the actual day to day tasks taken on by the person who is now leaving.
Get ahead of this work by collaborating with your team to create updated job descriptions for each position. Have team members review existing descriptions and discuss which elements are part of their daily work – and which are hopelessly outdated. When you need a new hire, you’ll have a realistic picture of the skills and experience you need ready to go.
Use job fairs to expand your network.
Whether or not you have open positions, events like job fairs can keep your name top of mind for candidates and help you build your network. By connecting with job-seekers, you build a presence in the industry and become the top choice for top candidates.
Work with a recruiter.
In a tight job market, it may feel as if you don’t have enough time or attention to speed up your hiring process. By adding a recruiter’s time, attention and expertise to your own, you further expand your candidate networks and can stay ahead of major industry changes.
At SMR Group, our recruiters help biotech, medical device and pharmaceutical companies connect with some of the best sales and marketing talent in the industry. For help streamlining your hiring process and finding great new candidates, contact us today.