There is an ongoing debate in the realm of hiring over quantity vs quality, especially in situations where a new hire is required as soon as possible. Many argue that it’s imperative to hire a candidate to fill the empty position as soon as possible because their company can’t properly function without someone to do that job.
Some may argue that you should favor the quantity-inclined hiring process, so you can interview more people in a shorter amount of time, thus increasing your chances of finding someone that will fit the job description faster. Others may say that you should play the waiting game and hold out for that one, perfect candidate so you don’t end up with a bad fit.
We’re here to tell you that the way to find the perfect candidate isn’t about quantity and speed or about waiting for a diamond in the rough.
Effective recruiting is all about the perfect combination of quality and process.
Here are a few facts about recruiting a new hire:
- One out of every two hires is a mis-hire.
- Every mis-hire can cost your company up to 24 times the mis-hired candidate’s base salary per year.
- Each vacant position in your company costs you an average of between $7,000 and $12,000 per day, depending on the position.
- Having unfilled positions in your company also decreases team morale and productivity as your employees struggle to fill the gap.
All those facts mean that your hiring process needs to find the right person for the job the first time around.
What’s wrong with high volume recruiting?
Many hiring and recruiting companies will try to tell you that quantity is the most important aspect of the recruiting process. They argue that more resumes = more chances of finding the right candidate fast, as they push large batches of resumes to your desk! All these potential candidates are “qualified” for your company’s empty position (they’re always quick to say).
The main problem with this technique is the lack of quality control. While each candidate may be qualified on paper, it’s possible that none of these candidates will be a good match for your specific needs, increasing the chance that you’ll have a mis-hire.
What about waiting?
If you’re not willing to sort through an excessive volume of resumes, then you may find yourself waiting an indeterminate time, maybe spanning months and months, for that perfect hire.
All the while, your company loses money, opportunity, and employee morale!
What can I do?
It can often feel like you can’t win; however, don’t despair yet – there is a way to save you time, while delivering quality talent.
At Palarino Partners, we’ve created a specialized hybrid recruiting process that focuses on delivering the top candidates in a timely manner, each one hand-picked according your personalized company needs.
We do the sorting and searching on our end, to deliver to you only the potential candidates who are 90-100% technical matches to your needs. Forget having to manage the quality control yourself and sift through hundreds of resumes. Because our search process is customized for each client, our only focus is to make sure you never incur your most costly expense, a mis-hire.
With us, you’ll find your next hire in 30 days or less, guaranteed.
Get started HERE to find your next top executive with Palarino Partners!