In the current competitive business world, the critical importance of attracting and retaining the best talent is important to achieve growth. Nonetheless, numerous firms are incapable of handling old or ineffective recruitment procedures leading to wastage of time, funds and promising opportunities. The new information recruitment systems facilitate the recruitment process and enable the HR department to find the right talent within a short period. But what about knowing that you are failing in your current hiring process? The following are the five best indicators that your company requires an improved hiring solution.
Low Retention and High Turnover Rates
High employee turnover is one of the most apparent signs that show that your way of hiring employees is not working. Not only do you lose productivity when you hire the wrong person, you will lose your company a lot of resources both in the recruitment process, onboarding and training.
When your organization observes that its employees are leaving in the first six months, it can be an indication of:
Poor candidate-job fit
Poor evaluation of interviews.
Poor role definition
Powerful information hiring solution uses data-driven solutions to guarantee that the right candidates are paired well to the positions depending on skills, experience, and cultural alignment. Businesses can increase the rate of retention and create a stronger and more cohesive team by increasing the quality of the hires.
Scenario: A tech company realized that close to four out of ten new employees exited the company in the first year. Following the introduction of a contemporary recruitment system they optimised their screening procedures and in half a year they minimised initial turnover by a quarter.
Lengthy Hiring Process
The second indicator that your company should use a more effective hiring solution entails a lengthy and protracted recruitment process. Long hiring trails frustrate the HR teams and the job seekers, and this raises the chances of losing the best performed employees to the rival firms.
Common issues include:
Slow screening of resumes manually that delays candidate shortlisting.
Several interview sessions, which are not highly structured.
Communication delays between the department managers and the HR.
Information recruitment systems are modern and assist in automating such tedious activities like resume parsing, scheduling interviews, and tracking candidates. This does not only hasten recruitment processes but also enhances the job applicant experience- which is very essential in recruitment of quality professionals.
Scenario: A retail firm was having difficulty with a six-week process of hiring store managers. They also shortened the hiring process to two weeks by investing in an AI-powered solution, thus they were able to hire the best employees within a shorter period.
Poor Candidate Quality
Although your company could be recruiting, you may end up with low productivity and demoralization by employing the wrong individuals. The indicators of low quality in candidates are:
Rapid performance problems in new employees.
Unqualified employees who do not have the necessary skills or qualifications.
Lack of fit to company culture.
Information hiring solution does not solely assess applicants on the basis of the resumes. It relies on data analytics, skill tests and predictive algorithms to discover people who do not only fit in the job specifications but your organizational culture.
Scenario: An example instance is that a marketing agency kept on hiring candidates that do not have the necessary digital skills, which means they are missing deadlines and conducting poor campaigns on behalf of their clients. This was implemented through an application of data-driven hiring which enabled them to pre-screen applicants effectively which led to a 30 percent improvement in employee performance in the first year.
Unnecessary Recruitment Expenses
Hiring is expensive. Recruitment expenses may run away when the agency charges and the recruitment process include advertising vacancies, on boarding and training. An organisation might require an improved recruitment strategy when:
Recruitment budgets are on the rise and the quality of hires is not improving along with it.
This is as a result of bad internal processes which are making use of agencies in large numbers.
The time to hire is high and it lead to lost production.
With the help of information hiring solutions, it is possible to save on the cost of hiring employees significantly through:
Sourcing and screening of candidates: Automation.
Less dependence on the external recruiters.
Reducing the possibility of poor hiring.
Scenario: One of the manufacturing companies had been experiencing increasing expenses due to frequent re-hiring. Once automated hiring solution was incorporated they reduced recruitment costs by one-fifth and at the same time enhanced the quality of candidates.
Inadequate Hiring Insights
Organizations that base their hiring on hunch or the old-fashioned approach to hiring fail to see the chances. Does your HR team have difficulties with questions such as:
Which do the recruitment channels bring the best candidates?
To what extent are our interview tests effective?
Do we efficiently retain the best talent?
It is an obvious indicator that your company should have improved hiring solution.
The new information recruiting programs offer advanced analytics and reporting features, which help organizations:
Track candidate pipelines
Measure the performance of recruitment.
Hiring based on actionable insights.
Scenario: In the case of an e-commerce company, they could not gauge the success of their recruitment programs. Through a sophisticated hiring platform, they would be able to know which channels have resulted in high-performing hires, and hence they would invest in the most effective approaches.
The Rationale of Making an Investment in a Better Hiring Solution
Business organisations, which identify such warning signs in time, are able to spend a lot of time, money, and energy on saving. An effective information hiring solution has many advantages:
Better Candidate Experience: Ease in applications, communication, and feedback come in time as a way of strengthening your employer brand.
Reduced Hiring Time: The automation will shorten the waiting time and retain the top talent.
Increased Retention: Data-based recruitment will result in more employee-job fit.
Cost Efficiency: Minimizes the use of recruitment agencies and discourages the use of bad hires.
Strategic Insights: Analytics enable HR departments to make sound decisions and keep on enhancing recruitment approaches.
Why Tekberry
Tekberry is one of the market leaders as far as information hiring solutions are concerned. Here’s why:
Sophisticated Data-Driven System: Tekberry uses AI and predictive analytics to find the best candidates in your positions and have the right fit each time.
Robots to Do Repetitive Work: Whether it is parsing the resumes or scheduling interviews, Tekberry takes the monotonous HR work off your hands so you can focus on the strategic efforts.
Improved Candidate Experience: Tekberry is easy to use, which guarantees the ease of communication with the candidates, which creates a successful employer brand.
Standard Analytics: Have actionable knowledge about the recruitment performance, channel performance, and candidate quality.
Cost-Influenced Solution: Minimize the expenses of hiring humans by simplifying the procedures carried out inside the organization and decreasing the use of external recruiters.
In the case of Tekberry, companies do not have to depend on the old or ineffective hiring styles. The platform is an integration of technology, data and human-power to provide better hiring results that can make business more sustainable
Conclusion
Now it is not a matter of choice to hire the right talent, but a strategic requirement. The presence of high turnover, lengthy recruitment process, low quality of candidates, increased recruiting expenses and unavailable data information are all warning signs that your organization requires an improved solution. Information hiring solutions can revolutionize your recruitment process, boost retention and also make sure that your company is acquiring the right talent at an appropriate rate.
The ideal platform is Tekberry that will help companies to modernize their hiring process, cost reduction, and insights that can be taken into action. With Tekberry, you can look into the future with a future-proof solution that can make your business more successful by enabling hiring that is smarter and data-driven.
