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July 2015

Dear Readers,

The price that companies pay for cumbersome hiring practices has always been high, but it's more punitive than ever in today's seller's market. Top talent on the hunt for work is available for only a few days at most, and some recruiting experts estimate that the odds of hiring elite candidates go down by 50 percent each week a resume sits on file.

That's a problem for companies with drawn-out hiring processes that put candidates through myriad interviews and screens. For evidence of the problem, see this report from The Wall Street Journal. In addition, data from career-research firm Glassdoor found the average interview process in the U.S. took 22.9 days in 2014, up from just 12.6 days in 2010.

The research is in and the conclusion clear: if you want the best candidates, you need to make your hiring processes as streamlined and candidate friendly as possible.

     Dave Zielinski, Editor

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