Hiring is an integral part of maintaining and growing a business. Whether you’re a department manager, HR professional, or working in a staffing agency, hiring is bound to be a major part of your role. While it’s an essential part of growing any team, the pain points that accompany the hiring and credentialing processes can lead to negative experiences for recruiters and candidates alike.
Understanding turnaround times is pivotal when it comes to optimizing the hiring process. From completed application to receiving the signed offer letter, and the interviews and negotiations in between, each phase directly influences the resources invested.
The efficiency of the hiring process has a major impact on candidate experience and employee retention. Streamlining this process has multiple benefits in the long run. After all, time is money. That’s why scrutinizing turnaround times and the factors that impact them is essential. Making informed decisions ultimately enhances efficiency and minimizes costs.
Statistics to know about hiring and turnaround times
The hiring and interview process have a major impact on turnaround times. In fact, one study found that 42% of job seekers will decline a job offer when they have a negative interview experience. Declined offers mean starting over with new candidates and leads to drawn out interview processes and increased turnaround times for open roles.
Here are some factors that can impact turnaround times:
Lengthy or confusing application process
- Annoying application processes can cause candidates to drop off even before submitting their application. In one study researchers found that 73% of applicants will abandon job applications if they take longer than 15 minutes. A good defense for this is to use a resume-parsing tool that autofills the application.
- Ensuring the application software is mobile friendly is an important factor, as it was found that 90% of applicants use their phones during some part of the hiring process.
- SHRM notes that 92% of candidates drop off during the application process, and that over half quit because of application length or complexity. Additionally, succinct job descriptions containing 201-400 words have the highest application rates, averaging 8-8.5%.
Repetitive or lengthy interviews
- The candidate’s experience can affect their likelihood of accepting an offer. An SHL survey found that 23% of negative candidate reviews called out recruiters, 45% of negative reviews called out interviewers, and 52% of negative reviews noted the overall hiring process for factors affecting their hiring experience. If candidates feel like their time is being wasted or run into avoidable encounter challenges, it can greatly diminish their enthusiasm for the role and lead to drop-offs, further impacting your bottom line.
Slow background checks preventing potential hires from getting to the finish line
- Background checks are an important part of the hiring process, but a slow background check can frustrate candidates and slow down the overall hiring process. Leaving candidates unanswered might lead them to accept a different role, and once again, cause you to have to start the process over. This leads to candidate frustration, recruiter frustration, and ultimately, wastes time and money. PRN Healthcare was able to achieve 85% faster candidate placement using KarmaCheck, illustrating the importance of a solution-minded background check partner.
There are a number of factors that can affect candidate satisfaction and therefore negatively impact your hiring turnaround times. Background checks may be a process that’s less visible to candidates, but any latency in the process can lead to negative applicant experiences. Not only will candidates appreciate the increased speed in the hiring process, but your internal team will benefit greatly from an improved background checking process.
The role that background checks play in turnaround times
Let’s delve more into how background checks affect the efficiency of the hiring process. Not only are these a convoluted, difficult, and often extremely manual process, conducting an improper background check can lead to far more issues in the long run.
KarmaCheck’s one-stop-shop solution is helping businesses to speed up the hiring process and decrease turnaround times. KarmaCheck’s turnaround times are beating the industry average and setting a new standard when it comes to the background check process
How KarmaCheck is speeding up hiring turnaround times
KarmaCheck is committed to improving your company’s efficiency. Our team of dedicated credentialing professionals are available to answer your questions and ensure you can speed up the hiring process for your candidates.
KarmaCheck’s platform tackles the problems in healthcare hiring and general staffing. The ability to customize your background check package and toggle views so you can focus on what’s important to you will bolster efficiency and improve experiences across the board.
Testimonials: how KarmaCheck helps healthcare hiring
KarmaCheck has an in-house team of dedicated credentialing professionals behind the scenes to troubleshoot, look into all candidates, and answer your questions. KarmaCheck is able to eliminate the back-and-forth across different vendors, therefore reducing the need to wait on response times.
Here’s a real customer quote about KarmaCheck’s dedication to efficiency:
"With KarmaCheck, someone is working on it within the hour. They have been very responsive to our needs...to get our healthcare professionals credentialed in a timely manner"
Watch this video to learn how Trusted Health leveraged KarmaCheck to reduce their overall compliance costs by over 40%.
Sounds interesting? Let’s summarize some of the key factors to improve the hiring process and what you can do to achieve faster turnaround times with KarmaCheck.
How to improve your hiring process
Improving the hiring process as a whole will undoubtedly help speed up the process and get your candidates hired faster. Begin auditing your current process to see where you can maximize efficiency and reduce unnecessary obstacles.
- Look into the candidate experience. See how cumbersome application processes or lapses in communication can be improved to better the chance of referrals and the overall reputation of your company.
- Use technology. Leveraging technology can improve the hiring process. Applicant tracking systems (ATS), AI-driven recruitment tools,
- Understand the importance of communication and feedback. Better communication both internally and externally will improve time to hire. KarmaCheck offers an automated background check service along with a robust research team to look into queries as they arise, eliminating back and forth with different vendors and saving time.
- Track metrics and analytics. Using data-driven analytics to monitor and optimize turnaround times can help you to identify pain points and areas of improvement. Consider tracking statistics like time-to-fill, time-to-hire, and applicant drop-off rates.
- Focus on candidate retention. Turnaround times and candidate retention go hand in hand. A prolonged hiring process can lead to frustration and disengagement, which can lead to candidate drop off during recruiting and high turnover rates once hired.
How faster turnaround times benefit both organizations and candidates
It’s clear that fine-tuning the hiring process is essential for businesses looking to grow and stay ahead of the pack. When it comes to resolving issues, maximizing efficiency, and getting qualified candidates on board faster, KarmaCheck is a shining beacon in a sea of complexity.
So, as you navigate the challenges of hiring and recruiting candidates, remember that time is of the essence. Embracing solution-minded tools like KarmaCheck and focusing on optimizing your recruiting process will help to retain candidates, speed up turnaround times, and ultimately save money.
Explore how KarmaCheck’s straightforward, efficiency-minded platform can help you to reduce turnaround times by up to 46%. Reach out today!
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