- Visier, a Workforce Intelligence firm, has released the results of its study of 200 hiring managers at American organizations with annual revenues of at least $1 billion. The study asked hiring managers how they viewed talent acquisitions and how they thought things were going in terms of long-term results with new hires.
- In a press release, Visier advised that, "70% of the polled hiring managers advised that their recruitment programs needed to be more based on real data and facts, and another 61% indicated difficulty with measuring long-term results". Long waits to secure talent and an inability to gauge the success rates of new hires were also major complaints.
- The survey also revealed that an overwhelming majority of hiring managers (95%) said they needed to be able to understand why over and over again good candidates are lost during the hiring phase, and another 82% said that they needed to be able to track diversity in hiring as well as find ways to provide equity in hiring.
What the Visier report shows us is that even in an age of all the predictive hiring software and best practices that organizations employ in order to understand the future success rates of candidates, hiring managers still have no way of knowing for sure that any candidate will work out.
There are many frustrating aspects of this, naturally, because a bad hire can cost a company a lot of time and money. So too, not having a clear system for monitoring diversity and equity in hiring is alarming, at best. Perhaps there is a breakdown between what recruiters are doing and what hiring managers expect.