Christina Ferrell
The Most Overlooked Aspects in Modern Hiring Practices
Hiring is one of the most important processes for any organization, yet many businesses overlook several critical aspects of the process. Studies and surveys by Glassdoor, LinkedIn, Talent Board, McKinsey & Company, the Boston Consulting Group, Jobvite, HR.com, and Harvard University have consistently shown the importance of prioritizing these aspects in hiring for long-term success. Here are five of the most overlooked aspects of hiring:
- Employer Branding – A survey by Glassdoor found that 84% of job seekers would consider leaving their current job if offered another job with a company that had an excellent reputation. Furthermore, a study by LinkedIn found that 72% of recruiting leaders believe that employer branding has a significant impact on hiring, yet only 22% of them have a defined employer branding strategy in place. This indicates that many companies overlook the importance of employer branding in the hiring process.
- Candidate Experience – A study by Talent Board found that 60% of candidates have had a poor candidate experience when applying for a job. Furthermore, a survey by CareerArc found that 72% of job seekers who had a negative candidate experience shared it with others, leading to a negative impact on the company’s employer brand. This research shows that candidate experience is often overlooked, despite its importance in attracting and retaining top talent.
- Diversity and Inclusion – A study by McKinsey & Company found that companies in the top quartile for ethnic and cultural diversity in their executive teams are 33% more likely to have above-average profitability. Similarly, a report by the Boston Consulting Group found that companies with more diverse management teams have higher innovation revenue than those with less diverse teams. Despite this, a survey by Glassdoor found that only 50% of employees believe their company is diverse and inclusive, indicating that many organizations overlook the importance of diversity and inclusion in the hiring process.
- Employee Referrals – A study by Jobvite found that employee referrals are the top source of hires, accounting for 40% of all hires. Furthermore, referred candidates are hired 55% faster than candidates who apply through career sites. Despite these statistics, a survey by HR.com found that only 38% of companies have a formal employee referral program, indicating that many organizations overlook the benefits of employee referrals in the hiring process.
- Soft Skills – A survey by LinkedIn found that 92% of talent professionals and hiring managers believe that soft skills are as important or more important than hard skills when hiring. Furthermore, a study by Harvard University found that 85% of job success comes from having well-developed soft skills, while only 15% comes from technical skills and knowledge. Despite this, a survey by LinkedIn found that 59% of hiring managers struggle to find candidates with the desired soft skills. This research shows that soft skills are often overlooked in the hiring process, despite their importance in determining job success.
By investing in these areas, organizations can improve the quality of their hires, attract top talent, and create a positive employer brand. Studies and surveys have consistently shown the importance of prioritizing these aspects in hiring for long-term success.