Hiring Process

Are You Catering Your Hiring Process to the Talent Pool?

I read a terrific piece by Mike Daly – The Knights Ghost (see below) on LinkedIn today that calls for two additional observations.
First, empty desks represent a loss of revenue not savings due to an unattached salary. Second, in addition to revenue loss the company also suffers a reputation blow not just from the candidate but, as an influencer, among her/his circle of friends and associates. Some lost revenue is recoverable. Reputation dings add up quickly potentially destroying years of reputation building.
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Offer declined – Candidate accepted another offer.
Manager – Why? How did that happen?
Me- We took too long.
Manager – It’s been only 3 weeks since I talked to her.
Me- 2 weeks too long, she was on the market for 3 weeks when you talked to her.
Manager – Did you know about the offer?
Me- Yes and no. She did not tell me she has an offer pending but it’s a fact, any talented person will have multiple offers within a period of time, I would say 2 to 4 weeks they are off the market.
Manager – So how do we overcome this challenge?
Me- The issue starts with the hiring process. If it’s a lengthy and boring process that does not cater to the talent pool. We will lose every time.
Manager- How do we refine the process to retain top talent?
Me- Treat talent the way they want to be treated. Do not set high walls for them to climb, shorten the hiring process with prompt feedback and collaboration between departments, create job descriptions that make sense, promote your environment and the product or project they will be a part of.
Finally, ask for feedback on the hiring process from new hires and tend to their feedback.
The hiring process has to be exciting and innovative to attract and cater to top talent. “Birds of the same feather flock together”
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What are you doing to avoid losing a star to the competition?