What is Slow Hiring?

You might have read in the recent news that technology giant Google has adopted a slow hiring process for the second half of 2022 
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Slow hiring is adopted when companies have received many applicants and they want to focus on only bringing the right employees on board. In several cases, slow hiring is done to improve the efficiency of the company. You might have read in the recent news that technology giant Google has adopted a slow hiring process for the second half of 2022 because a market downturn has affected Silicon Valley severely. Due to the uncertain global outlook, the parent company Alphabet and Google's CEO Sundar Pichai has said in an internal memo that it wants to move forward in a more entrepreneurial way wherein more focus, huge urgency, and more hunger are seen among the employees. 

Google slowing down pace of hiring for rest of year: Sundar Pichai

Many tech companies are announcing layoffs that including the top companies like Coinbase and Netflix. Even earlier this week, Microsoft announced that it was cutting a few jobs and also continuing its slow hiring process. Moving forward, several companies such as Lyft, Twitter, Snap, Uber, and Apple also have plans to cut down their costs.

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As much as slow hiring has its own advantages to tapping the right person for the right job among a huge pool of talented workforce, there are also disadvantages in such a hiring process. If a company decides to opt for a slow hiring process, it needs to be aware that not every employee is sitting at home and just waiting for a call from the same company. Companies should speed up their process if they want to hire the best candidate, otherwise, they will go to competitor companies in search of better packages and opportunities.

A company may think like a perfectionist and consider that slow hiring will help it to get quality employees but that's not the case always. If you keep checking minute details of the employees and then only take the hiring decision, you will lose a lot of time on each employee. Slow hiring in a way will reduce the quality of the candidate and eventually good candidates will drop out because of the retail inflation and unemployment crisis that is spread all over the economy.

Everyone has to pay their bills at the end or start of each month and not having a stable income will not allow many talented employees to stay jobless for a longer period of time. Thus, slow hiring should be avoided as much as possible and discussions should be started with the best candidates immediately. 

Slow hiring can also impact the brand image of the company and make people within the company feel insecure about their jobs. Wondering if your company is following a slow hiring process? Well, as per SHRM (Society for Human Resource Management) Benchmarking Service, if your company is taking more than 36 days to fill a job vacancy then it is following a long process of hiring that has the possibility to drive away talented and highly productive employees, thus making it a costly service to your company.

That in no way means that a company should hire quickly and fill the vacant job positions. A company should have a balanced hiring process wherein they tap the good pool of candidates who are willing to join immediately or after serving a short notice period so that the targets are met and the company is progressing at a general level.