No matter what industry you’re in or how big your organization is, you understand just how time-consuming the hiring process can become. From posting the job to reviewing applicants to conducting interviews, the time and money investment can be taxing on your entire workforce. Consider how magnified the process is for a company that receives more than two applications every year.
Google is one of the most recognizable brands in the world, and as a result, people want to work there. It’s statistically harder to get a position at Google than it is to be accepted into Harvard. Recognizing all the time and money lost in the hiring process, they decided it was time to do research and determine the most effective practices to find top candidates.
Don’t interview a candidate more than four times
You want to make sure you’ve found the right person for a position because you understand the damaging effects of a toxic hire. Plus, hiring someone who doesn’t work out can cost even more time and frustration. Because of this, you want to keep interviewing your candidates to make sure you’ve actually selected the right person.
The Analytics Team at Google examined five years of data and found the magic number of interviews to be four, specifically finding that new hires could be brought on with 86 percent confidence of success. Once you go to number five, the likelihood of it working out continues to decrease.
Save time and money
This research led to the discovery that reducing the number of interviews cut down the actual time-to-hire period, allowing staff to return to their normal job functions. By reducing this time, you also make the process easier for candidates. The longer you wait to extend an offer, the more likely it is they’ll find another opportunity.
Applying this philosophy to your company
Most companies don’t have the same extensive 12-interview process with travel involved, but these results are still telling. It’s important to know what works for your company so you can guarantee you find the right candidate and onboard them promptly.
Find a candidate faster with Workbox Staffing
We get how long it can take to find the right candidate, but we’re here to make it easier. Our employment agency has the qualified employees you’re looking for in job capabilities like office help as well as manufacturing, light industrial and warehouse operations. Contact our team of recruiters today to learn more!