Hiring taking double or triple the time and hampering business performance, survey reveals

  • Majority of HR managers believe delays to hiring is negatively impacting business performance
  • Employer Brand and retention cited as key priorities for HR in 2022
  • 60% HRs say it’s taking longer to hire people compared to pre-pandemic

BOSTON, MA and MANCHESTER, UK, 19th May 2022:

Delays to hiring are having a negative impact on business performance, according to fifty-eight per cent of HR managers. Sixty per cent of HR leaders say it’s taking significantly longer to hire people compared to 2019.

That’s according to Talent Works, the leading Recruitment Processing Outsourcing (RPO) provider, which surveyed 500 HR leaders on their experiences on recruitment and employment in 2022 in both the US and UK. The survey found that half of HR leaders say it’s taking double the time to hire talent as compared to 2019, and a further 21% say it’s taking triple the time. The leading reason for it taking time to hire (28%) is reported as it being harder to find quality candidates.

In terms of 2022 priorities, Employer Branding was rated even higher than hiring at speed. Getting an Employer Brand developed or updated and out to market was identified by respondents as the top priority, with thirty-one percent relaunching/developing their employer brand in 2022, and a further 20% having already done it. Twelve percent of HRs said they didn’t have the time to focus on it.

Other priorities followed, with employee retention (21%) and adapting processes to hire at speed (20%) ranking closely. When it comes to brand awareness, just under a third (29%) believe it has an impact on their ability to hire. However, 42% don’t believe they have a strong awareness as an employer or don’t measure their brand awareness.

“These statistics clearly show that 2019 thinking isn’t going to work in the 2022 employment market, which is the most competitive we’ve ever seen,” said Neil Purcell, CEO and founder of Talent Works. “Companies need to get strategic about how they can speed up hiring to accelerate business performance, and as the research indicates, effective Employer Branding is the most widely recognized way of doing this. It’s great to see that companies are beginning to think differently in such an oversubscribed market, but over one in ten companies surveyed were still unaware of the Employer Brand concept, which shows that there is still work to do.”

About Talent Works
Talent Works enables tech organisations to scale through powerful talent attraction solutions. By embedding themselves into a company’s infrastructure, its unique approach to RPO is a completely scalable resource suited to both growing organisations and more established names. Using a wealth of tech sector-specific expertise, insight and innovation, Talent Works offers a unique mix of employer branding, digital talent attraction and agile recruitment solutions. It helps companies to surround themselves with the talent needed to scale in an increasingly competitive market.