In the dynamic landscape of talent acquisition in 2024, there still exists the debate of choosing quality or quantity in terms of hiring candidates. We have previously debunked the myth that all recruiters would rather make a placement than spend the time to choose a quality candidate that fits the role. In this blog, we examine how recruiters go about choosing a quality candidate for a given role.
According to data from the Society for Human Resource Management (SHRM), the average cost per hire is nearly $4,700, but many employers estimate the total cost to hire a new employee can be three to four times the position's salary. This statistic is important for recruiters to understand when considering choosing the quantity of candidates instead of their quality.
Focusing on attracting and retaining top-notch candidates can significantly impact an organization's success. Let’s explore the importance of prioritizing quality in recruiting and how it can lead to better hires, increased employee satisfaction, and overall organizational growth.
Strategic Recruitment
Recruiting is not just about filling positions; it's about finding the right fit for the organization. A strategic approach involves understanding the company's culture, values, and long-term goals. By aligning recruitment efforts with these factors, recruiters can target candidates who not only possess the required skills but also resonate with the company's vision.
It is crucial to take steps to ensure finding quality candidates that have the experience and knowledge that an organization is looking for. Utilizing a strategic approach in job postings can help attract the desired qualified candidates; always be sure to list clear and accurate descriptions of the skills and credentials required for the role.
Improved Efficiency & Experience
We have seen Artificial Intelligence and other advancing technologies becoming more widely used in recruiting and hiring efforts, cutting down the time it takes to find and screen many candidates at once. However, without these technologies, reviewing a lot of different resumes sent by recruiters can become overwhelming for clients and cause greater difficulty in selecting the best choice for the job. Choosing and prioritizing only a few of the best candidates (choosing quality over quantity) allows for a more efficient and focused process
This saved time and effort allows it to be used instead to give more attention to quality candidates. Even if they do not end up receiving a job offer, ensuring that they have a positive experience provides the chance to build a strong talent pipeline. By nurturing relationships with top talent, recruiters ensure a pool of qualified candidates when positions become available, reducing the time-to-hire.
Increased Retention & Lower Turnover
Employee retention is one of the most crucial aspects of business and workplace culture. Hiring for quality often means hiring individuals who align with the company culture and values. This alignment reduces the likelihood of turnover, as employees are more likely to stay in an environment where they feel a sense of belonging. A focus on quality in recruiting contributes to long-term employee retention, saving the organization time and resources.
In the competitive world of recruiting, a focus on quality over quantity is crucial for long-term success. By focusing on attracting, evaluating, and hiring the right candidates, organizations can build a workforce that not only meets the current needs but also contributes to sustained growth and excellence. Quality-centric recruiting is an investment in the future, creating a foundation for organizational success and innovation.
Sedna Consulting Group is proud to bring the most qualified candidates to our clients, ensuring quality over quantity in all of our work. Send us a message on LinkedIn or Instagram if you would like to learn more about what Sedna can do for you.
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