Elongated hiring timelines and mistakes are proving costly.
As companies strive to stay nimble and deliver on critical business initiatives, new research from talent solutions and business consulting firm Robert Half shows that hiring is becoming increasingly time-consuming—and costly. In a survey of more than 2,200 U.S. hiring managers, nearly all (93%) said the hiring process takes longer now than it did just two years ago.
When asked which parts of the process are taking more time, respondents said:
- Evaluating candidates’ applications (51%)
- Checking references or conducting background checks (47%)
- Scheduling and conducting interviews (43%)
“In today’s environment, companies need to strategically evaluate and streamline their hiring process—especially when staffing multiple roles,” said Dawn Fay, operational president of Robert Half. “With more applications coming in for time-sensitive positions, hiring can feel overwhelming. A flexible staffing model that includes both permanent and contract talent can help meet immediate needs while keeping teams productive.”
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Hiring Mistakes Prove Costly
While hiring plans among U.S. companies has moderated—57% of managers plan to expand their teams in the second half of the year, down from 63% six months ago—92% indicate it remains difficult to land skilled talent. And without a thoughtful approach, hiring mistakes can be costly. Thirty percent of managers admit to making a hiring mistake in the past two years, with the most common missteps being a failure to properly assess technical skills (54%) and not evaluating a candidate’s fit with the company culture (46%). More than half (57%) said the hiring mistake contributed to additional turnover on the team.
“In a market where there’s less margin for error, hiring mistakes can be detrimental to team morale and growth,” Fay added. “When existing team members need to compensate for lost productivity, it can lead to burnout, disengagement and employee turnover.”
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To help employers streamline hiring and avoid costly errors, Robert Half recommends:
- Setting timelines: Before posting the job, establish clear timelines and deadlines for your team. Communicate effectively with everyone involved to strategically plan and save time.
- Leveraging contract professionals: If hiring is taking too long, consider bringing in specialized contract professionals to bridge the gap. They can keep critical projects on track and help prevent burnout among your core team.
- Partnering with a staffing firm: Collaborating with an experienced talent solutions firm can help streamline the hiring process and expand access to a deeper pool of candidates with the right skills—saving you time and improving the quality of your hires.
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Source: PR Newswire
