While the number of job openings continues to rise, companies are taking increasingly longer to extend offers to applicants. The Wall Street Journal reports that U.S. employers are taking an average of 25 days to fill vacant positions. Large companies with 5,000 or more employees report taking nearly 60 days to fill job vacancies.
According to one CareerBuilder survey, more than 6,000 hiring professions suggested that they had experienced the negative effect associated with hiring someone who was a poor fit for the job. Twenty-seven percent of U.S. employers surveyed reported that just one bad hire had cost their company in excess of $50,000. Read more
One survey conducted by the Society for Human Resource Management suggests that 76% of companies check references for each and every job candidate. Reference checking is one of the most important aspects of the hiring process when well done. By checking references, hiring managers obtain important information about whether or not a prospective employee is qualified and suited for a particular position. Read more
The hiring process takes longer than ever. A Glassdoor research report suggests that the average interview process alone takes approximately 23 days, up from 13 days just four years ago. What's behind this trend? Background screenings, including reference checks, are a key contributor to these rising hiring timelines. Read more
Nothing distinguishes one company from another more acutely than the quality of its hires. That’s because quality of hire affects the quality of everything else, including products and services, customer care, co-worker and managerial interpersonal relationships, and work processes.