As the recession impact is lessened with signs of recovery, firms seem to be competing more and more for qualified individuals and are disappointed when an offer is rejected because of a counteroffer. If a choice job seeker becomes available you can bet they will be exploring other opportunities at the same time as they are dealing with your organization. Indecision can be costly. Human resources managers are becoming acutely aware that when taking too long to make offers, often the quicker-moving competitor has already employed their perfect candidate.
The people who have been shortlisted are very likely the best available. Beware of falling into the trap of waiting for a better candidate to appear, when the strongest contender has probably already interviewed with your firm. A quick decision will not only make a candidate feel valued but also reinforce that they are receiving an offer from a business that they want to work for. Those firms that have managed to streamline their selection process and move it along more quickly have a distinct advantage. To paraphrase an old proverb “dragging feet won’t get you very far, very fast!”