“You Snooze You Lose” means more now than ever!
In this tight labor market companies have to move fast if they want the best talent available.
The unemployment rate, combined with the ever growing restaurant industry, has employers clambering to compete for top producers. Employers are making hiring decisions faster than ever. We have one client who does a phone interview, then a second interview the following Thursday and an offer is made on the spot if the candidate is qualified. Some clients are making fast offers pending background check vs making a candidate wait for the offer until the background is completed.
A recently published study shows:
- Almost 60% of recently hired employees in a new Clutch survey, Statistics on the Average Job Search in 2018, landed their new jobs within two months of the job search. Clutch, a business-to-business analyst and marketing firm, said the tight labor market is forcing recruiters to speed up the time-to-hire process in the competition for talent.
- Almost half of new hires (43%) said they were offered a job in less than two weeks after beginning the application process. With the strong competition for talent, slightly more than half of the survey respondents applied to five jobs or fewer.
- Almost all newly hired employees (91%) said the interview process influenced their general opinion of an employer. Survey authors recommended employers monitor their online ratings, as candidates are also influenced by what they read on sites like Glassdoor, the report said.
Finding managers has always been a challenge in the hospitality industry and companies are finding they need to be more proactive to source candidates.Back