Every week we comb through the news to find employment trends affecting the hospitality industry so you don’t have to. This week’s topic: ensuring a quick hiring process for job seekers.
Time is of the essence One of the most important metrics to measure as a hiring manager is time to hire. Simply put, “time to hire counts the days from the date when the candidate has entered your pipeline” until an employment offer has been extended. During this time period, it’s crucial for managers to keep job seekers engaged because there’s a high probability of candidates dropping off.
According to a 2017 report by Glassdoor, the average time to hire in the restaurant industry is about 10 days – compared to 23 days overall. Unfortunately, there’s a lack of data in this area which means that estimation has likely changed in the past 3 years. Although the hospitality industry currently has the shortest time to hire, there’s still room to improve. During that 10-day time frame, candidates could drop off the process for several reasons, including a lack of interest or finding employment elsewhere.
There are several ways to work on reducing time to hire, many of which include automation. By identifying some of the manual and time-consuming tasks in the hiring process, you can begin to find ways to shorten or automate them. For example, if candidates must call to schedule an interview, you may want to invest in software that enables them to schedule online. It’s also important to have a team member dedicated to hiring that can answer any questions and keep job seekers up to date on the process.
Another way to shorten time to hire is by notifying the candidate as soon as you’ve decided to hire them. By extending an offer, you’ll lower the chances of the candidate getting hired by another business first. Once they accept, the onboarding process can start – bringing them one step closer to their first day.
Ultimately, cutting down time-to-hire is integral in not losing candidates to your competition. While working on decreasing that time, candidate engagement should be prioritized to ensure they make it through the pipeline.
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