Hiring Plan

What is your hiring plan for 2022? How is your company finding candidates to interview for your open jobs? What job boards are the most effective? What metrics are you tracking to monitor efficiency and success?

At?OnDeck Recruiting?we track several metrics. One is the number of days-to-offer from first interview. Another is the initial salary offer compared to the candidate’s requirement. Over the last 12-months at?OnDeck Recruiting?the average time-to-offer from the first interview was 5.6 days. Those that received offers in this period accepted and started the job. All the offers from our clients that were declined were extended at 22.6 days (4X longer) and/or the offers were lower than the candidate’s asking salary.

We all need to get better at listening to the candidates because it’s true they?do?have multiple offers, their time?is?valuable, and they?know?what their worth is. Streamline the interviewing process and extend an offer in six days or less. When you decide to hire, close the deal, and put your best offer on the table. Instead of thinking about the extra cost of paying more than you budgeted, consider the lost revenue you’ll begin to recapture by filling the vacancy.

We are also seeing an increased difficulty of candidates deciding to engage because they are vetting the recruiter and opportunity more than they ever have before. It’s analogous to a realtor requiring a potential buyer to show proof of pre-qualification for funds prior to showing them a house they represent. When you factor this on top of the supply shortage, it’s getting tricky. At?OnDeck Recruiting?to earn the trust of candidates, we vouch for our clients, their jobs, and set the expectation that the interview process is defined and timely. The opportunity is to continue with the same amount of time to vet a candidate, just compress the number of days over which this process occurs.