Organizations have not seen any real improvement in quality of hire since 2010. But it takes 26 more business days to hire today than in 2010.
Businesses risk losing talent to competitors through slower recruiting. The lower productivity this causes costs over $11 million per 1,000 vacancies, on average.
To assume that hiring at speed kills quality would be wrong. The average time to fill (68 days) is 37 days longer than the point at which quality of hire begins to diminish.
We call this the Quality at Speed Gap. Close this gap to reduce unnecessary risks and vacancy costs that hurt your bottom line.