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Recruitment Challenges: What You Need to Know
01
Understanding Applicant Experience and Recruitment Challenges
In today's competitive job market, the applicant experience is crucial for attracting top talent. Many organizations face applicant ghosting, where at least 30% of candidates disengage during hiring, impacting their view of the company and increasing costs. By implementing effective strategies, businesses can enhance their recruitment process, improving the applicant experience and reducing ghosting.
02
Understanding Recruitment Risks and Costs
In talent acquisition, companies face risks that affect recruitment. Prolonged time-to-fill and rising hiring costs can hinder growth. The average time to fill a position can reach 42 days, impacting productivity and risking the loss of top candidates. By using fractional recruitment and pay-per-hire services, businesses can streamline hiring and efficiently attract the right talent.
03
Understanding Recruitment Metrics
In today's competitive job market, understanding key recruitment metrics can improve your hiring strategy. For example, the average recruitment cost per hire (according to SHRM) is $4,700, often 3 to 4 times an employee's salary. This includes advertising, screening, interviewing, decision-making, salary negotiation, and onboarding expenses. Utilizing fractional or pay-per-hire recruitment services can help optimize these costs while attracting top talent.
04
How Many Hours Will It Take you to Fill a Position?
Companies that need to fill a vacant position can expect to spend 20 to 60+ hours on average on advertising, screening, interviewing, decision-making, salary negotiation, and onboarding. At Allied Recruiting & Talent Acquisition, we streamline the process by leveraging our expertise and network to efficiently find the right talent, minimizing your time and effort.
