If You’re Thinking About A Job Move, Don’t Delay …
… because figures suggest it’s going to be a very long recruitment process. Just over 1/4 of Australians who have been looking for a new job have been doing so for 3 – 6 months. Add in the time it takes to get through the interview process (which ranges from 22.1 days in Canada to 31.9 days in France), and that makes for one VERY long job search. The research is in on how long hiring times are for other countries, and we suspect Australia is not far behind.
In an Economic Research conducted by Glassdoor in January 2014, it takes an average of nearly 28 days for a job interview process in Australia, almost 23 days in the United States, about 28.6 days in the United Kingdom.
You can read more about the data gathered here.
Furthermore, according to The Australian Financial Review, hiring managers are taking almost three times slower to fill a certain job position from 26 days in 2010 to 68 days in 2015. During this time period, a report from a management advisory CEB showed that the time it took for 900 recruiters and 6000 hiring managers to employ increased more than 50%.
According to David Jones, the Senior Managing Director of Robert Half Asia Pacific, there are three main reasons why the recruitment process is taking too long:
- 49% of HR managers take into consideration how many stakeholders are involved
- 47% believe that expectation or requirements for job prospects increased
- 36% say that it has become more challenging to find a candidate suited for the job position
Based on the factors stated above, it may be safe to say that the standards set by employers have become relatively high as the years pass by. This longer recruitment process could also imply that hiring managers are really taking their time to do reference checks, or ask for a second set of interview among candidates.
The downside of this lengthy hiring process is that jobseekers tend to lose interest. Based on a survey, only four out of 10 Australians are willing to wait until the second week after sending in their application.
In 2018, the job vacancy rates are on the increase:
- Total job vacancies in May 2018 were 234,200, an increase of 4.6% from February 2018.
- The number of job vacancies in the private sector was 214,000 in May 2018, an increase of 4.8% from February 2018.
- The number of job vacancies in the public sector was 20,100 in May 2018, an increase of 2.9% from February 2018.
Even with these increases, it seems the recruitment process hasn’t become any quicker.
How do you rise above this challenge?
Save your time and effort by first checking that your skills and work experience match what the job advertisement is looking for before you apply for the job. Make it easier for hiring managers to decide to shortlist you for an interview by making sure you’ve submitted a well-written resume.
The interview process takes long enough so come prepared. Know the core competencies for the role and practice interview questions. You wouldn’t want to wait again for another month to land an interview, would you?
Time is gold, and the early bird gets the worm. If you see a job post and you feel confident that you are the best candidate for the role, better be on the move now. Better yet, don’t wait for your dream job to advertised – go out and find your ideal employer and pitch directly to them about why you’re their ideal candidate. (It has been said that 80% of jobs in the Australian job market are not advertised!).
Image courtesy of Katemangostar / Freepik