Looking ahead for what the "Next Big Thing" in hiring will be, we should consider what this year’s recruiters have at their disposal. More specifically, 63% of recruiters will have a higher hiring volume in 2015 (up from 43% in 2013), and 46% of them will have a larger hiring budget. Recruiters will have more people to hire, a higher volume of candidates to hire from, and more resources to work with.
How do you deal with the increase in volume? How do you adapt the growing number of candidates? How do you make the most of your newly-found recruiting funds?
One area for you to improve is the interview. In the last few years, it took employers 71% longer to secure a new hire and to conduct more interviews for each successful hire. Candidates are finding it harder in the process as well, with 52% of them saying the job interview process is more difficult now than it was five years ago.
Tweet This: 52% of candidates say the job interview process is more difficult now than it was five years ago.
So how should you deal with your hiring difficulties while making the process easier on the candidates? Well, it depends on your situation.
When You’re Overwhelmed: The Group Interview
If you need to fill multiple positions and have too many applicants to fill them, a group interview could be your best bet. Managers, as well as recruiting staff, are more willing to conduct a single one-hour interview than conducting several one-on-ones with candidates that may not even want the job or may not be qualified. If you only need to conduct one (or, depending on the volume of candidates you may have, two or three) interview, chances are you’ll be more focused on the task, asking the right questions, and have the energy to not zone out while a candidate is speaking.
The group interview also has a way of separating the wheat from the chaff. In a group setting, a good candidate stands out by being relatable, being personable and overall being attentive throughout the process. If they’re lively during the interview process, it shows they want the job. Those who don’t exhibit much enthusiasm in this group setting may not be as interested in the job.
Introverts might be wary of this group interview, since louder candidates can dominate the process. But if you’re in a skills-based industry, try adding a training exercise that candidates can complete alone or with a group. This will show you who can work with a team and produce results, and the introverts in the group will feel more confident when presented with the opportunity to prove themselves.
When You Need to Nail It: The Panel Interview
Maybe you don’t have a plethora of new hires, and have the time and resources to dedicate if it meant getting the right hire, such as in a high-level or executive position. In these cases, you’re going to get the best possible interview experience from a panel interview. A white paper from the revenue consulting firm Gendreau Group found panel interview to go far beyond any interview process when it came to nabbing the best hires:
"Based on our 25+ years of hiring, managing, and consulting experience, we have found that organizations that use a team approach to interviewing and candidate selection tend to make much smarter hiring decisions than when decisions are made by individual managers based on one-on-one interviews.”
A panel interview, according to Adler Group CEO Lou Adler, eliminates the biases of the individual interview, since one superficial feature of a candidate that could favorably sway one interviewer could sway another against the candidate. This leads to a larger emphasis on performance, leading to a 20-30% increase in interview accuracy. If you’re looking for the absolutely best person for the job, having a more accurate interview is invaluable.
2015 is already looking like a busy year for recruiters, and with more funds and candidates at their disposal, the tried-and-true group and panel interviews could prove some of the most valuable assets in a recruiter's toolbox.