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From job posting to accepted offer, filling an open position takes nearly a month longer than it did five years ago. What’s the holdup?
It has been four months since the job order for a team leader position was approved. Thousands of dollars have been spent on recruitment, and tens of thousands more have been lost in revenue and productivity. The already-strained relationship between the hiring manager and recruiter is now stressed near the breaking point—and the quality of candidates has only gotten worse.
This dysfunctional scenario is not just an abstract "what if?" It is happening with greater frequency at companies everywhere: The average time to fill a job—from the initial posting to an accepted offer of employment—increased by 62 percent for large global organizations between 2010 and 2015, according to research from CEB, an Arlington, Va.-based management and technology consultancy. CEB found that the average time-to-hire for white-collar positions is now a whopping 68 business days—26 days longer than it was in 2010.
And the average time-to-fill for jobs across all U.S. industries has been steadily climbing since 2009. It currently stands at 26 days, according to the most recent DHI-DFH Mean Vacancy Duration Measure, the standard assessment of hiring duration. (The DHI-DFH reflects data from the U.S. Bureau of Labor Statistics and defines working days as Monday through Saturday, whereas CEB uses Monday through Friday in its measure.)
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