Does your hiring process take longer than 30 days? Then you've lost candidates

Finding the ideal candidate often requires a robust hiring process. But new research from 3Gem finds that if you spend more than one month conducting interviews and screening candidates, you'll lose your top pick for the job.

3Gem surveyed 9,000 full-time employees from 11 different countries between December 2017 and January 2018. They found that more than half of respondents reported waiting longer than one month to hear back from an employer after a job interview, and 20% reported waiting longer than two months. This is a problem, since 88% of respondents believe it's unacceptable to wait more than 30 days to hear back after an interview.

In fact, 67% of respondents accepted an offer from their second-choice employer because their preferred employer took too long to get back to them. And 70% of respondents indicated that they would lose interest in a role altogether if the hiring process took a long time.

Why talent recruitment and professional development doesn’t have to be a zero-sum game

A separate survey by Glassdoor confirms that this waiting period is fairly widespread. After interviewing 84,000 job seekers from 25 countries in 2017, Glassdoor found that the interview process in ten of the countries typically takes longer than 30 days.

"While it can take time to narrow down a large field of candidates and to conduct thorough interviews, companies that fail to adapt their recruitment process to the expectations of today’s candidates will increase their risk of losing out on the best talent on the market," explains Matt Weston, managing director at Robert Half UK (Brinded, Quartz, 5/10).

Keep reading: 7 mistakes you're making during the hiring process

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