How to hire faster: Tips for quick and efficient hiring

Hiring fast is not just about filling a vacancy—it's about securing top talent before your competitors do. A quick hiring process can mean the difference between acquiring an excellent candidate and losing them to someone else. 

However, a quick process means nothing if you’re not screening for quality. Explore effective strategies for speeding up your hiring without sacrificing quality. 

The importance of speed in hiring

When top talent is on the market, they don’t stay available for long. Hiring processes that drag on are  a disadvantage, leading to missed opportunities and a negative candidate experience. 

Speeding up your recruitment not only increases your chances of securing great candidates, but also reduces costs associated with prolonged vacancies.

In fact, “According to the Society for Human Resource Management (SHRM), the average position takes 42 days to fill at a cost of $4,129. If you add that to the possible one month salary cost of vacancy you can have a cost of over $5,000.”

Steps to streamline your hiring process

The key to a faster hiring process is streamlining every stage. Here are some actionable steps:

• Conversational AI: Screen candidates by matching their skills with available job opportunities. 
• 24/7 engagement: Reach candidates with direct messages at any time with 1:1 or one-to-many messages
• Automate: Automate administrative tasks  so you can focus on quality candidates and building relationships

Where speed meets quality 

The secret to hiring faster lies in a well-structured and technology-driven process. By optimizing each stage, leveraging AI tools, and focusing on candidate experience, you can reduce hiring time without compromising on quality. Remember, it’s not just about speed—it’s about making efficient, informed decisions that benefit both your company and potential employees.

HireVue Find My Fit, powers your hiring process at step 1—when your candidates are searching for jobs. Find My Fit is a brief assessment that identifies the roles that best match potential. Assess skills, interests, and personality and present candidates with all the roles they fit—not just the ones they search for. 

HireVue On-Demand Interviewing allows teams to assess more candidates in less time. Plus, by structuring the interview process, candidates are evaluated more fairly. The tool streamlines hiring with real-time evaluation tools, interview guides, automated candidate routing, and shareable recordings. 

And combined with Assessments, candidates are offered a modern, tech-driven experience specifically built to unlock their potential. With an assessment for every role and every level, HireVue offers a complete library of interview, game-based, technical assessments plus virtual job tryouts. Evaluate the skills and competencies that actually predict success, instead of just relying on resume review. 

Learn more about the science behind ethical AI at our AI in Hiring Hub.

Better hiring = happier candidates

Your hiring experience is a reflection of your brand and your employee experience, so make sure it’s a good one! 

Candidates crave clear communication and timelines—and they deserve it. According to the 2024 Global Trends Report, “Most job seekers (62%) cited poor communication as the top reason for a lousy hiring process.” 

And in a digital age, lack of communication just doesn’t cut it. An efficient hiring process is also a candidate-friendly one. HireVue solutions, like conversational AI, direct messaging, On-Demand interviewing, and Assessments all meet candidates where they are—on their phone. 

Ensure your hiring solutions are mobile and text-friendly—and ditch the dreaded and dated phone and email tag. 

Read the 2024 Candidate Experience Guide here. 

How one bank saw 43% faster time-to-hire

The Great Southern Bank had an increase in vacancies yet a 60% decrease in the volume of applications. Due to the changing landscape, the TA team knew they needed hiring tech to sift through 5,000 applications in 12 months. 

The team turned to HireVue video interviewing and assessments to better streamline their process and cut back on time spent screening candidates. The team partnered with HireVue IO Psychologists to highlight the competencies needed to be successful in their Customer Contact Centre, sales, retail, and corporate roles. Assessments were then created for each job role, allowing recruiters and hiring managers to dig deeper into their candidates’ competencies and abilities—moving beyond just simply looking at a resume. 

As a result, the team has seen:

• 43% faster time-to-hire
• 60% less time spent screening candidates
• 87% Candidate Satisfaction Score
• 38% of assessments were completed outside of business hours,  highlighting candidate flexibility 

Read the full Great Southern Bank case study here. 

Discover AI recruiting software to find the best candidates faster, and request a demo to take your hiring to the next level.