Are you confident that keeping your tech hiring in-house is saving you money? It might be time to reconsider.
As the market shifts towards revenue generation over growth, everyone is looking to save their budget by relying on internal hiring. This is understandable given the tough market conditions and the abundance of talent available. The assumption is that posting a job on a recruitment platform will yield numerous resumes, but this approach has significant drawbacks.
When you post a job, you may receive over a thousand applications. If you have an in-house recruiter dedicated to this role, that’s manageable. However, if your engineering team is responsible for screening candidates, it becomes a serious burden. While they already need to invest time in interviews, adding the task of screening resumes from scratch diverts them from their core responsibilities.
Here’s a common scenario faced by many tech managers: after posting a job, you receive over 100 applications. Unfortunately, 70% of these applications are irrelevant. Of the remaining 30%, an initial review reveals that 15% of candidates don’t actually have the skills they listed on their resumes.
Now, you’re left with just 15% of the original pool. But the challenges don’t end there. A significant portion of these candidates may be out of budget or unwilling to relocate, reducing the pool further to just 5% who truly meet your needs. Finally, after several rounds of interviews, only 2% make it to the last stage, and typically, only 1% get hired.
This process consumes double the time. Tech leaders are not accustomed to screening hundreds of resumes, which takes more time to review irrelevant resumes. Additionally, there is always a dire need for immediate joiners, but this lengthy process delays the onboarding of your new hire, affecting your project timelines.
This exhaustive process not only consumes valuable time but also diverts tech managers from their core responsibilities—innovating and leading their teams.
Imagine a different approach: receiving 5 highly curated resumes of top candidates, each a perfect match for your needs. You could quickly find your star hire without the lengthy and distracting screening process. We believe in quality over quantity.
Let’s connect and collaborate to streamline your hiring process, allowing your tech managers to focus on what they do best while we ensure you get the best talent.
Contact us today to start optimizing your hiring process.
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