The current job market is known as a candidate-driven market, where you rely on the right job candidates to help your business grow and thrive. There may be 100 people or more applying to your open position, but that doesn’t mean you have 100 excellent people to choose from. Each applicant has their strengths and weaknesses, though they won’t all make a good fit for your company. The hiring process is time consuming, but if you wait too long before contacting candidates you are interested in, you might lose the chance at hiring them for the job.
Top Qualified Candidates are in High Demand
One of the reasons it is important to provide timely feedback in a candidate-driven market is because the most qualified candidates are in high demand. You are likely not the only one who is interested in hiring them for an available position, and if you don’t act quickly enough, you will probably lose out to a company that contacted them sooner. Once you have found an interesting candidate, contact them right away, even if only to make your presence and your interest known.
Candidates Apply for Multiple Jobs
If job seekers only applied to one job at a time, it would take months to get a good job. They know employers are getting hundreds of applications and resumes, therefore to keep up with their competition, they apply for multiple positions at one time. If you are waiting weeks before contacting someone about their resume, they may have been contacted by one of the other dozen companies they applied at.
They Might Think You Aren’t Interested
Another reason you need to have that first contact quickly is that candidates might assume you aren’t interested and move on. They aren’t going to wait around for days or weeks to be contacted by you, as they automatically assume you aren’t interested or you have chosen another candidate. This makes it important in a candidate-driven market to provide timely feedback and never hold back in the first initial contact.
Even if your first feedback is to let them know you received their resume and are looking it over, it can help hold on to their interest until you have gathered a list of potential candidates you want to interview. It is worth a few minutes every day to go through who you have and provide them with a reason to still consider your company.
Contact B. Loehr Staffing today to speak with a representative about providing candidates with timely feedback. If you are looking for recruiting agencies in St Louis, contact our team today.