In a war for talent it is essential that you differentiate yourself from your competitors. If you want to wow top candidates (who have the potential to get multiple offers), you must act differently. Making same day offers will certainly get the candidates attention. What Is One Day Hiring? One day hiring is not for all jobs or candidates. It is designed for people that we have pre-assessed and for those that clearly exceed the qualifications for the position. The premise of one day hiring is that if you build an effective decision process that responds in a day, you will capture superstars candidates before the competitor can even schedule an interview! In a war for talent, you need to differentiate yourself. You can’t gain a competitive advantage if you use the same tools and strategies as your competitors. One day hiring is deliberate strategy for improving both the quality and the number of hires by making hiring decisions on top candidates (and an offer) in one day! Why Do One Day Hiring?
There is no evidence that slow hiring produces better hires. But there is clear evidence that the most desirable candidates are on the job market for “as little as a day.” The key is to identify ways to shorten the process of getting people hired. Most hiring takes between 30 and 100 days, with the latter being a more common number. Delays in hiring can also cause managers (and candidates) to get frustrated and lose interest, because they see no immediate rewards of making hiring a priority. Interviewing and making an offer in one day is a strategy to make your firm appear decisive. Making an offer on the same day as the interview excites candidates and makes them feel important. Making a same day offer sends a clear message to the candidate that they are “special” and highly regarded. Fast hiring is a great image builder. It reinforces your firm’s image as a rapid decision maker. How a firm acts during the selection process is also often seen as a reflection of how companies manage on the job The reason most hiring decisions take so long are varied but the primary reason is that most hiring systems were developed to hire “unemployed people” that have the time to go through an arduous process. However, employed people and top candidates have little time or inclination to go through a long drawn out process. This is especially true internationally or when coast to coast travel is required. These candidates can’t take two days off from their job (and “fib” to their boss about being away at the dentist for more than one day). It’s time to face facts. In a low unemployment period… fast is better! Slow hiring means vacancies. The cost of a vacant position can be extremely high. One computer firm calculates it at $7,000 a day and another at $1 million a week for key positions. Slow hiring delays product time to market and vacancies may frustrate other team members and increase their chances of them leaving also. One day hiring (ODH) gets hires on board faster. Advantages Of One Day Hiring
Disadvantages & Problems
Companies Who Have, In Some Cases, Made One Day Hires
Part II, “Steps in the One Day Hiring Process,” will appear next Monday.