With a shrinking labor supply, is speeding up the hiring process important?
Absolutely. And automating the screening and application component speeds up the hiring process dramatically by enabling an entire applicant pool to be matched against an organization’s inventory of HR requisitions. Automated tools can immediately rank potential new hires based on ‘best-fit’ criteria, and quickly alert recruiters to well-qualified applicants when they apply. By speeding the process, there’s less chance of having a good candidate get away. In the current job market, which we expect to prevail for quite some time, the employer who can move to hire with speed and agility wins the day (and the candidate). Are there any quantifiable results from these tools? Technology-enabled assessments can significantly improve turnover rates at any organization. With a poor hiring decision often costing a company between two and seven times the employee’s annual salary, any positive impact on turnover can save thousands, even millions, of dollars. In fact, Spherion’s automated assessmen
