Long hiring processes harming businesses’ chances of securing top talent

(2 minutes to read)

Businesses could be harming their chances of securing top talent because of long and complex recruitment processes.

According to the survey of 9,000 jobseekers in 11 countries across four continents, more than two-thirds (67%) of candidates globally have taken a second-choice job offer because their preferred employer took too long to give them an answer.

The latest findings from Robert Half UK revealed that hiring managers are taking their time to get back to jobseekers, with 68% of jobseekers globally saying they lose interest in the role if the process takes too long.

More than half (55%) of candidates have waited longer than a month to hear back about a role for which they have interviewed, while 31% have waited longer than six weeks – and 22% over two months. Just eight per cent got feedback on the same day.

This contrasts sharply with candidates’ expectations of the hiring process. The overall majority (88%) believe it is reasonable to wait up to one month – from initial application to getting a final offer. Only 12% think it’s acceptable to wait for over a month.

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Matt Weston, Managing Director at Robert Half UK, commented, “Employers are in a fiercely competitive battle to find the right skills and talent to take their businesses forward, and they cannot afford to alienate potential workers with long drawn-out hiring processes.

“Candidates know that their skills are in demand, which makes it all the more worrying that so many are turning down their dream job because they’ve been left waiting for so long.”

He added, “While it can take time to narrow down a large field of candidates and to conduct thorough interviews, companies that fail to adapt their recruitment process to the expectations of today’s candidates will increase their risk of losing out on the best talent on the market.

“Businesses need to conduct a thorough review of their entire interview process from initial outreach to final job offer, to ensure that they are striking the right balance for today’s candidates.”

To find out more about contracting please contact James on 01442 795 100 or email james.trowell@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of ContractorUmbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, ContractorUmbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use CashPlus free of charge for the first year, saving you £69.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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