86% of Businesses Spend 10 Hours Overtime A Week On Recruitment
55% of employers believe their lack of recruitment-credentials leads to them hiring the wrong candidate
86% of UK small business owners spend at least an extra 10 hours a week on the recruitment process, according to a report by Search Party.
The survey of business decisions makers revealed that 50% of respondents clock up an additional five hours a week dealing with the hiring process, suggesting many are taking on the responsibility themselves rather than outsourcing to recruitment agencies.
The failure of enterprise owners to efficiently outsource or delegate the hiring of new employees appears to be having a long term negative effect, with 55% of those surveyed believing their lack of recruitment-credentials leads to them hiring the wrong candidate.
Limited visibility of the process is noted as a frustration for 21% of respondents, whilst 41% say they find it hard to find a quality candidate amidst a high volume of ‘average’ candidates.
As a result of these issues, 23% of respondents are “frustrated” that candidates immediately aren’t suited to the role, meaning the recruitment process begins all over again.
Ben Hutt, CEO of Search Party, said:
“The cost of working directly with a recruitment agency can often be prohibitive for small businesses, while the ‘post and hope’ approach of a job board can be a time intensive process that doesn’t get great results. The average time to hire via these traditional methods is 60 plus days, which simply isn’t acceptable.
“To counteract the frustrations faced with hiring, smart businesses should look at smart and innovative ways to build their team, harnessing technology to help them hire faster and at less cost, without sacrificing quality.”
Need a hand with your recruitment process? Read our guide on small business recruitment here.