One in three (33%) employers globally think his/her organization’s recruitment process does not enable him/her to be competitive in the battle for top talent, according to a new white paper released by Allegis Group.
Title "Let's Talk: Focused Conversation Topics to Supercharge Recruiting Success,” the paper also revealed that 72% of job seekers say recruiters don't always understand a position's top three priority skills.
Another finding is that 73% of employers report their recruitment processes fail to leverage technology appropriately. Meanwhile, 70% of hiring managers, 78% of talent acquisition professionals and 59% of candidates are dissatisfied with the recruitment process.
Because stakeholder misalignment negatively impacts business success, Allegis Group indexed its research findings to identify behaviors that distinguish high-performing recruitment organizations from the rest.
According to the findings, top companies spend 63% more time evaluating the efficiency and effectiveness of the recruitment process. They also share several distinguishing characteristics and are:
- 3.8 times more likely to say their recruitment process successfully balances the needs of hiring managers, recruiters and candidates
- 3.5 times more likely to say their recruitment process leverages technology appropriately
- 3.3 times more likely to have a formalized and documented recruitment process with clear lines of accountability
- 2.9 times more likely to be satisfied with the recruitment process overall
- 2.9 times more likely to say their recruitment process is fully aligned and supportive of business goals
- 1.9 times more likely to measure candidate satisfaction
- 1.7 times more likely to measure ROI by sourcing channel
"Hiring managers and recruiters must make the bold move to regularly discuss recruitment processes across all stakeholder groups," adds Hilger.
"These conversations are not always easy. But there is no better way to achieve continuous improvement than to establish a forum, cadence and data-driven approach to talent acquisition.”