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Konfir's Employment Timeline: Your Key to Fast and Efficient Hiring
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According to Breezy HR, the number one challenge faced by the recruitment industry is “snagging qualified candidates quickly”. Organisations often face the challenge of balancing speed with efficiency and thoroughness when hiring, leading to hiring Managers feeling pressured to rush the hiring process.
This urgency has intensified with the emergence of what Forbes called "The Great Resignation”, which has magnified the need to improve time-to-hire, as indicated by the Recruiter Nation report. A study conducted by Robert Half on the cost of a bad hire revealed that 56% of bad hires were due to a rushed hiring process. To meet tight deadlines, employers may skip or not complete essential checks, significantly increasing the likelihood of hiring the wrong candidate for the job.
This sense of urgency extends beyond finding the ’right’ candidate and the interview process to the time-consuming steps involved in vetting and verifying the candidate’s employment history as well.
These two critical stages of the hiring process, finding the right candidate and checking their employment history, can collectively take up to months. According to Glassdoor’s time-to-hire survey, the average time to hire is 27.5 days in the UK.
The second step typically includes reaching out to past employers for references and employment history verification. This process can take a few days to several weeks. According to a Recruiter sentiment study by Yumbi 44% of rejected job offers are because the candidate already accepted another offer due to lengthy hiring processes.
In an attempt to balance speed and candidate-fit, hiring teams often rush the first part of the hiring process (candidate sourcing and interview) to compensate for the time it takes to complete the screening process; often delayed by employment history verification. Konfir's instant Employment history verification already provides a solution by offering data instantly, fast-tracking employment history verification.
A few weeks ago we introduced the Timeline View, a step towards a comprehensive overview of a candidate's employment history. This streamlines the second part of the recruitment journey which can take from several days to even weeks to as low as a few minutes. Removing the need for a lengthy employment history verification process means that hiring teams can afford to invest more time in the initial process without sacrificing completeness.
The Konfir Timeline means hiring teams can view a full verified employment history for a candidate, rather than simply validating what a candidate told them. It is the key to unlocking a comprehensive understanding of a candidate's career journey and potentially, insights into who the “right candidate” is. In subsequent releases we will be integrating the timeline with additional data sources, offering insights that would allow verifiers to:
A recent study by Konfir showed that 39% of candidates do not declare at least one recent employment. This shows the importance of using Konfir either instead of or in addition to the traditional referencing process because it ensures organisations have a complete picture of a candidate's background. The consequences of undiscovered undeclared employment can be far-reaching. This level of transparency enables organisations to make informed, data-driven decisions, mitigating potential risks associated with hiring.
