Last week I was talking with one of our job board representatives on the phone. We were discussing how I was coming along with the candidates for one of our full-time openings. I told her I had found my all-star after I interviewed over 20 candidates for the job.
Curious, I asked my rep: "What is the typical ratio for the number of hires to the number of interviews for a position?" She said on average one hire for every five to seven interviews. To me that came as a surprise. At our farm we are interviewing, in some cases, four times that number of candidates!
When I think about what an amazing team we have, I still back up our farm's strategic plan, which is, be selective up front and it will be better for the business.
Yes, it take more time to interview more candidates, but not nearly as much time as it takes if you had a miss with one of your hires. Hiring quickly or in desperation can lead to hiring someone who doesn't fit the culture or who doesn't have exactly the skills you were looking for.
In those situations it takes lots of management time and energy away from the business because you are forced to spend more time dealing with the wrong hire. It not only can be time consuming, but it could cost the business money.
I always advise to take time up front on your recruiting. Conduct in-depth interviews, get to know the candidates' true capabilities and ensure they are a fit for your culture. Hiring someone who isn't a good fit is inevitable, even with our selective practices on our farm, but the risk is greatly reduced by our efforts in taking time up front.