For those who have ever participated in efforts to hire new staff members, it will comes as no surprise that the recruiting process is often long, exhausting, frustrating, and costly. Matters get worse if at the end of a search, no one among the interviewed is hired. Now, I get that recruiters and members of hiring committees have a lot on their plates. But, consider the time and money involved in searches. If a company is fortunate, they will only have to spend under $100 for an add, review 50 or less submitted resumes, and interview the perceived top three candidates. Even in such instances (especially when considering background checks), the cost with staff time calculated in could easily top $1000. This is an especially harsh cost for small companies, but who has $1000 to spend in wasted effort?
One of the often cited statistics is that recruiters or hiring managers only spend up to 30 seconds reviewing resumes. I’ve actually seen this magic number range from as low as 10 seconds to as much as 45 seconds. If you spend only 30 to 45 seconds reviewing a resume and a cover letter, you could be losing out on some incredible talent and find yourself back to square one in a month, out $1000 for a failed search and work not getting done. Now, I know from friends, colleagues and recruiters I’ve spoken with that many will invest time in reading a resume fully. Sure, I suspect there are some who only read a fraction of every resume and also will quickly discard a resume for 1 typo (I myself and much more lenient than I was 20 years ago). However, I find most hiring managers, recruiters and hiring committee members will spend time to fully review resumes that come across their desk. I can already hear teeth grinding from readers who believe they don’t have that amount of time to closely review a candidate’s resume and cover letter. My question to those individuals is “do you have time to repeat a search multiple times until you find a talented candidate who will stick with the company for at least 3-5 years?” Those of us tasked with being a part of the hiring process will ultimately be better served (time and money-wise) if we thoroughly read every resume and cover letter, making note of a candidate’s skills, education and career achievements. In doing so, I find companies spend less time needing to hire and train employees and more time having a complete staff that is producing results. MAKE THE TIME!