Why current tech talent hiring process is so ineffective.

Shoaib Ahmad

Dec 13th, 2021

Finding and selecting the best candidate from the pool is one of the most effortful jobs where a wrong decision can lead to a huge long-term loss to the company for both reputation and revenue. The U.S. Department of Labor estimates the average cost of a bad hire as high as 30% of the hire’s initial year’s earning.

It is imperative to understand that recognition and validation of learning and training are the most powerful tools which help to bridge the professional, in particular technical, inequalities and suggest pathways for further development of competencies. Unfortunately, the concept of skill validation has still not been widely understood. However, technical skill validation has seen adaptation among hiring bodies as this systemized assessment procedure measures the competence of the technical applicants to a better extent than traditional screening methods.

the traditional hiring structure from screening resumes to conducting final interviews lacks a solid and best-fit predictor process, therefore, is an ineffective way to choose a perfect candidate for the job. Also, relying on resumes alone is not a good idea, WHY? The problem lies in the fact that candidates do try to present the best in their resumes to get through initial screening, therefore, adding every possible false information. One of the HireRight surveys quotes that 85% of the employers caught candidates lying on their resumes.

Hire Hive Survey findings show that 38% of the hiring is carried out in a rush just to fill in the open positions. Another over 20% of the surveyed population stated, their hires did not live up to the resume or interview expectations.

Rather than being too reactive to make out a successful hire, pre-assessment of technical skills in the hiring process demands time and patience which is hard to find while keeping the focus on the core business.

With 01Hire we aim to do all the heavy lifting of assessing the hard and soft skills required for your business and match the right candidate for you by using AI. So, at one hand we are providing companies the right talent and on the other ensuring the candidates with the right skillset gets the desired job.