Longer hiring times explained
September 5, 2014
Job searchers wondering why they haven't heard from that hiring manager they interviewed with aren't alone. Companies are taking record time to hire. A recent Wall Street Journal report said that it takes an average of 25 working days before businesses are filling those vacant positions.
No reason given
Many theories abound as to why the delay but no concrete reason was given by the survey conductor. The numbers found in the Dice-DFH Vacancy Duration Measure showed the longest time between a job candidate's application and hiring in the 13 years the company has been conducting the surveys. 4.7 million more jobs were open at the end of June than at any time since February of 2001. Companies with 5,000 or more employees took a longer period of time to hire, said The Wall Street Journal story. Those businesses took upwards of 58.1 working days to fill a position. Steven Davis created the Dice-DFH Index, and he said the disparate time between interview and hire may reflect lack of employer confidence in the economy.
"If employers were more confident, they'd bid up wages, and that hasn't happened," explained Davis.
Perfect candidate syndrome causing delays?
Peter Cappelli is a professor at Wharton College and has authored the Perfect Candidate Hypothesis where he alleged companies are too unwilling to invest in training new workers. Cappelli also suggested companies are being too choosy about who and what they are looking for in a candidate. Fewer workers at staffing agencies may also be a contributing factor in the delay. Mark Mehler is the co-owner of a staffing company.
"Depending on how many hiring managers [company recruiters are] dealing with, it's impossible" to fill jobs quickly," Mehler explained.
Because of all the delays, IT workers are seeing almost 39 days between an interview and a hire. Government jobs wait 38 days to be filled while manufacturing takes just under a month, according to industry online magazine, Ere.
Stu Crum of Bridgestone described that because candidates won't wait the lengthy period between contacts his company is working diligently to cut down on the process by mandating 10-14 days for hiring in-store staff and within 30 days for office and administrative workers.
"Getting the right people into the company is the most important thing," he said, and the added rigor in hiring helps."When there's a larger pool out there you can make mistakes and there's another one standing in the queue," he added. Now, "when you hire someone you want to make sure they're the right one."
Job searchers are advised to be patient and keep looking instead of waiting for companies to call.