Timing is the #1 Reason Companies Lose Candidates They Want

Over 100 Boston-based hiring managers in startups and mid-sized organizations (CEO’s, VP’s, Recruiting Directors, Recruiters – basically the people with the highest stake in hiring); They were asked them the main reasons they’re losing the candidates they want in today’s market.

Here are the results of the survey, which did not come as a surprise, to say the least.  The question was asked why hiring managers lost candidates because of the following areas:

1. Timing
2. The ever-so-lovely “Counter Offer”
3. Higher Salary Offered
4. Better Equity/Options
5. Better Environment (bulked in is better product/service for candidate)
6. Better Location

Below are the results.  Anyone surprised?

Why do we lose candidates?

First of all, it’s hard enough to hire the people that are a perfect match, but if you throw timing into the mix, you have an uphill battle with almost every single hiring situation.  I’ve personally seen candidates go off the market in 2 days.  Talk about a competitive market! It is vital to think about timing during every step of the recruiting process.  The market has already turned back to a candidate market, so don’t wait, or you’ll be behind the game.

from Talentconnector.wordpress.com