For every growing company out there—small business or large corporation—time to fill is usually a pain point during that growth process. Time to fill, simply put, is the time between the job being posted to when the chosen candidate signs a contract to fill the position. Now, this also impacts time to hire which is the time the candidate applies to the time they accept a role. This candidate-centric metric is also important when considering how to streamline and speed up your hiring process. Average time to fill in the United States is about 42 days, where does yours fall? Whether it’s higher or lower, decreasing it is always key for organizational success. In fact, today, an unfilled position can cost organizations around $500 per day. Decreasing time to fill will not only save you time, but also valuable capital.
Two Main Bottlenecks That Impact Time to Fill
When your recruitment process isn’t streamlined, you’ll inevitably encounter roadblocks and bottlenecks that impact your time to fill negatively. Here are the top two things we see among our customers before implementing Rooster’s solutions:
Your Hiring Process Doesn’t Follow an SOP
Does each person on your recruiting team have a different strategy or method of hiring? This is one of the top reasons why your time to fill may be long. When there isn’t a streamlined process that your whole team is following, it leaves a lot of room for error. Rooster’s integration with Workday allows your ATS and interview scheduling to become one, with simple integration to your existing business calendars and video conferencing tools so you can easily streamline your hiring process with implementation in about a month.
Your Interview Scheduling is Done Manually
Since interview scheduling accounts for about 25% of the recruiting process, anything that slows that scheduling down will impact time to fill. When your HR team or recruiters are individually calling or emailing every applicant to manually schedule, that takes a lot of time. Rooster’s solutions automate this process so HR, hiring managers, and candidates can schedule with integrated calendars with the click of a button.
Automated email reminders are also sent when someone doesn’t respond. This way, you’re not waiting on one individual to respond, nor does your HR team have to manually follow-up with that individual.
Rooster Can Save Your Team Time & Decrease Time to Fill
Recruiting metrics like time to fill and time to hire are key in ensuring your open positions don’t cost your team valuable time and money. It also ensures you aren’t losing your top candidates to the competition when time to hire is simply too long. By tracking and providing these critical recruiting metrics, Rooster is one step ahead at all times, helping your team diagnose where your hiring bottlenecks may be. Plus, our streamlined automated interview scheduling solutions help save your team time throughout the interview process, which innately decreases that time to fill metric by keeping the process moving efficiently. Interested in seeing how it can work for your team? Schedule a personalized consultation call so you can experience the efficiency firsthand.