Why Speed Matters in Recruitment

Did you know? Top talent is off the market within 10 days or less! So the question is, are you moving fast enough?

When it comes down to hiring in the accountancy and finance sector, time is money. A slow hiring process can cost your business more than you might realise. Whether you’re looking for a CFO to lead strategic growth or a financial controller to keep operations running smoothly, delaying decisions can have a ripple effect.

So let's get down to why speed matters then…

Risk Losing Top Talent

The best candidates aren’t waiting around. LinkedIn reports that top candidates in high-demand sectors like accountancy and finance are off the market within 10 days! If your hiring process drags on, you’re giving competitors a chance to swoop in with a faster offer.

A candidate who was once excited about your role might lose interest if they’re left in limbo. By the time you’re ready to decide, they could be off the market. One of our favourite sayings here at HireIQ is time kills deals’ and this is a prime example.

Increased Workload for Teams

When key roles remain unfilled, the workload doesn’t just vanish; it falls on the shoulders of your current team. 82% of employers report losing talent due to slow hiring. Delays not only affect hiring but also put retention at risk.

Higher Recruitment Costs

A prolonged hiring process often leads to higher costs. Posting the same role for extended periods, conducting multiple interviews and losing momentum in the search can eat into your recruitment budget. Glassdoor highlights that 49% of job seekers lose interest in a role when the hiring process drags on. Trust us, no one wants to do a 7-stage interview process.

Damage to Employer Brand

Candidates talk. A slow, disorganised hiring process can leave a bad impression, and in a world where online reviews and employer branding matter, word spreads fast. If candidates feel undervalued or ignored during the process, they will not recommend your company.

Delayed Growth and Missed Opportunities

Delays in hiring can mean stalled projects and missed financial targets. Being slow to hire doesn’t just impact today, it can affect your business’s trajectory for months.

How to Speed Up Your Hiring Process Without Sacrificing Quality

We've got you. Here's the good news.

• Streamline Your Process: Review your interview steps and cut unnecessary delays.
• Partner with Experts: Working with a specialist agency like HireIQ means accessing pre-vetted, high-quality finance professionals ready to hit the ground running. You won't find talent like it anywhere else; we are experts in this stuff.
• Act with Confidence: When you’ve found the right candidate, don’t hesitate. Moving quickly shows candidates that you value their time and talent.

At HireIQ, we know that time is critical in securing the best candidates in accountancy and finance. Our expertise in the market, combined with our streamlined processes, ensures you don’t just hire faster—you hire better.

Get in touch with our team today:

Belfast: ☎️028 9002 2345

Dublin: ☎️+353 1270 9681

New York: ☎️1 917 9940 030