It’s no secret that the job market is competitive right now. With so many qualified candidates vying for a limited number of jobs, businesses are finding it harder and harder to fill positions quickly. So, should you start lowering your job requirements in order to speed up the time-to-hire? In this post, we’ll explore some pros and cons of doing so. Keep reading to learn more!
PROS of Lowering Job Requirements:
You’ll be able to hire more quickly.
If you’re struggling to fill a position, decreasing your job requirements can help you do so more quickly. By opening up the pool of potential candidates, you’ll have a better chance of finding someone who meets your needs and is available to start working right away.
You may be able to find hidden talent.
When you’re only considering candidates who meet all of your job requirements, you may be overlooking qualified individuals who just need a chance to prove themselves. By decreasing your requirements, you could find talented candidates who are eager to show what they can do and would excel in the role if given the chance.
Training and development can create cost savings.
If you’re able to find a candidate who is a good fit for the role but doesn’t have all of the required skills, you may be able to invest in some training and development to help them catch up. This can be more cost-effective than hiring someone with all of the necessary skills, especially if they require a higher salary.
CONS of Lowering Job Requirements:
You could end up with a less qualified employee.
Of course, there is always the risk that you’ll hire someone who isn’t as qualified as you would like. However, this is something that can happen even if you don’t lower your job requirements. If you take the time to screen candidates carefully and conduct thorough interviews, you can help mitigate this risk.
You may need to provide more training.
If you do hire someone who doesn’t meet all of your original job requirements, they may need more training in order to be successful in the role. This could mean additional time and resources spent on onboarding and training, which could offset any time you saved by decreasing your requirements in the first place.
You could miss out on top talent.
If you lower your job requirements too much, you may find yourself only considering candidates who are less qualified than you would like. It’s important to strike a balance between finding someone quickly and making sure they’re the right fit for the role.
Overall, whether or not you should lower job requirements to speed up the hiring process is a decision that will vary from business to business. If you’re struggling, it may be worth considering this option. However, be sure to weigh the pros and cons carefully before making a final decision.