Here's why — and how to fix it.
Don’t you love it when data confirms your prior beliefs?
New data from PWC says that CEOs see hiring as the 3rd most inefficient process across their businesses. Specifically, they believe 40% of their entire hiring process is inefficient.
Actually, let me clarify. This is recent data, but it’s not really new.
Last year, Harvard Business Review found that nearly [three-quarters of surveyed] organizations weren’t satisfied with their hiring effectiveness. And frankly, the pitfalls of the typical hiring process have been known for so long that they could’ve been written in cuneiform.
Research shows that solving hiring inefficiencies is one of the best things a business can do to boost their employee retention and profit margin. And 77% of CEOs say hiring is their most critical growth driver.
AKA: problems surrounding hiring inefficiencies are problems you want to solve.
Luckily, the solutions are already out there.
In the grand scheme of things — yeah, this stuff is complex. There are a lot of reasons why hiring can be inefficient. But there’s one critical factor behind the inefficiency metrics, and smart companies have found a way to turn that inefficiency into a competitive advantage.
Read a post on the Blog at Paradox.ai, a TAtech Member Company