86% of SMEs waste 10 extra hours a week on hiring

86% of SMEs waste 10 extra hours a week on hiring

86% of micro, small and medium-sized enterprises are wasting an additional ten hours a week on recruitment.

Research by Search Party found that half of respondents spend at least five hours outside regular office hours on the hiring process.

39% of respondents believe they do not have the right skills or amount of time to dedicate to hiring, and 55% believe that this can lead to making the wrong hire.

The frustrations listed by respondents included limited visibility of the process (21%) and 41% cited difficulties in finding a quality candidate amongst a high volume of ‘average’ applications.

This leads to 23% starting the hiring process again when things don’t work out.

In addition, a quarter (25%) said that the HR department doesn’t always have an in-depth knowledge of the roles it's hiring.

Ben Hutt, CEO of Search Party, comments on the findings: “Efficient and effective hiring lies at the heart of a business’s growth and success. For the 34% that didn’t expect to be involved in the recruitment process at all, this is clearly an unexpected, and perhaps unwelcome, task.

“The cost of working directly with a recruitment agency can often be prohibitive for SMEs, while the ‘post and hope’ approach of a job board can be a time intensive process that doesn’t get great results. The average time to hire via these traditional methods is 60+ days, which simply isn’t acceptable. To counteract the frustrations faced with hiring, smart businesses should look at smart and innovative ways to build their teams, harnessing technology to help them hire faster and at less cost, without sacrificing quality.” 

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