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Not so fast: Time-to-hire is slowest in 13 years

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in Hiring,Human Resources

Employers are taking their time before saying, “You’re hired!” Despite declining unemployment rates, the average time to fill a vacant position—from job posting to offer accepted—is now 25 working days.

According to University of Chicago economist Steven Davis, who tracks hiring trends, the last time the hiring process took so long was in 2001.

Davis thinks the lag is a sign that employers still don’t trust that the economy is rebounding. Yes, employers are hiring; no, they’re not rushing to fill jobs with any ready and willing candidate. He told The Wall Street Journal that employers have become “extremely picky. If employers were more confident, they’d bid up wages, and that hasn’t happened.”

Another possible delay: Short-staffed HR departments can’t process the hiring paperwork fast enough.

{ 1 comment… read it below or add one }

Carl September 15, 2014 at 3:58 pm

Other possible problems:

ATS systems that ‘shred’ 99% of applicants, dependence on perfect keyword matching, hiring managers that aren’t part of the process, HR that doesn’t understand the technical discipline and yet still feels qualified to screen out candidates (HR should go back to just being a ‘Personnel department’ and processing pay and benefits), invalid psychometric tests, too much indecision and too many interviews, excessive choosiness, and waiting for ‘prince charming’, low-ball salary offers, no training.

Basically, they are accepting too many applications too indirectly (online), erroneously screening out too many candidates, and being too choosy. If there were hiring managers who got out there an developed real live networks of real life people, companies wouldn’t be throwing away money on HR systems and departments that just don’t work.

The talent shortage is in companies’ hiring processes.

Read up on Peter Capelli and Nick Corcodilos’ work.


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