Employers Are Losing More Candidates As Time To Fill Continues To Grow | ERE Media by John Zappe
Published: July 29 2015
It’s taking companies longer than at any time in the last 15 years — maybe even longer than ever — to fill a job, and that languor is losing them candidates.
Two recent reports on hiring put the average time from vacancy to offer at more than four weeks. And both studies — one from Glassdoor and the other from career site publisher DHI Group — say the time to fill is getting longer.
In the midst of a national recovery that has seen the unemployment rate go from a high of 10.1 percent to 5.3 percent in June, while the labor force continues to contract, Glassdoor found hiring time went from 12.6 days in 2010 to 22.9 days at the end of 2014.