The Importance of Hiring Cadence
Landing the right talent requires the right cadence
The hiring process can be compared to a symphony performance: members of the hiring team and candidates they seek represent musicians in the different sections of the orchestra. When hiring is a priority and timelines are respected, the hiring process goes smoothly — like a symphony. If commitment fails, or timelines get pushed out, the hiring process falls out of step and may cause costly delays, possibly to the point of losing the best talent.
You are only as good as the people you hire
Every employee will either contribute positively to company success or, conversely, they will have a negative impact on the business. As most CEO’s recognize, a business is only as good as the people it hires. Ultimately every employee will impact a company’s success.
McKinsey & Co. states that hiring a ‘top performer’ over an ‘average performer’ yields up to 67% more productivity and profit. According to Forbes, the U.S. Department of Labor puts the cost of a bad hire at about 30% of the annual salary for that position. There is a lot at stake every time you fill a position, so it is critical to get it right the first time.
Why keeping the pace moving is so important
Because our executive search consultants engage with high performance candidates every day, they know the pitfalls of not moving quickly enough. Once we engage this level of talent, these candidates will only remain interested if things are moving along a reasonable pace. This cadence is important regardless of the job climate.
High-performance candidates are wise, curious, and action oriented. If they are going to take the risk of leaving their current position for your opportunity, they will consider other options as well. It is paramount to move quickly and thoughtfully to secure this highly desired talent.
A disciplined hiring sequence with the right tempo
Talence Group has evolved our process to ensure the hiring cadence is moving at the right pace by obtaining commitment from our clients to adhere to a well-thought-out timeline.
Our five-phase hiring process provides a flowing, seamless hiring experience for all parties. Watch our coming newsletters for in-depth discussions of each phase of our process: Discover, Search, Select, Offer, and Onboard. We will explore the best ways to attract, engage, assess, and land the best candidates to take your business to the next level.
An orchestra’s many sections must be in sync for a beautiful performance. It’s the same for securing talent. Hiring teams, stakeholders, and candidates engage in a cadence that keeps things moving, where you make quality choices and your potential hire feels valued at each step.
