Shortlisted candidates are those applicants who have been selected from a larger pool of applicants to move forward in the hiring process. These candidates are typically considered to have the closest match to the job requirements and company culture.
Alignment with Job Requirements: Shortlisted candidates meet the essential qualifications, skills, and experience needed for the role.Cultural Fit: These candidates often align well with the company's values and culture, increasing the likelihood of a successful hire.
Clear Criteria: Establish clear criteria for shortlisting candidates to ensure a fair and objective selection process.Structured Interviews: Use structured interviews to consistently evaluate shortlisted candidates against the same standards.Diverse Selection: Aim for diversity in the shortlist to bring varied perspectives and ideas to the team.
The shortlisting process begins with screening resumes and applications to identify candidates who meet the minimum job requirements. This is followed by further evaluations, such as phone screenings or preliminary interviews, to narrow down the pool to the most suitable candidates for the position.
Labour cost can be influenced by factors such as wage rates, employee productivity, overtime hours, and changes in employment laws or tax regulations.
Companies can reduce labour cost by improving operational efficiencies, investing in employee training, using technology to automate repetitive tasks, and optimizing workforce scheduling.
