Silver medalist candidates offer pre-qualified talent. Learn how to re-engage them to reduce time-to-hire, cut costs & boost hiring efficiency.
In today’s competitive talent acquisition landscape, recruiters often focus on the "gold medalist," overlooking silver medalist candidates—those who made it to the final stages of the hiring process but weren't ultimately chosen. However, these candidates offer a hidden reservoir of untapped potential.
➡️ Who Are Silver Medalist Candidates?
Silver medalists are individuals who advanced to the final stages of the hiring process but were not selected for the position. 🏅 Although they didn't receive the offer, they bring valuable skills, experience, and insights about your organization, making them highly promising for future openings.
They have already demonstrated their potential by successfully passing the earlier rounds of interviews and showcasing their qualifications. Their familiarity with your company’s culture, values, and processes makes them more likely to integrate smoothly into future roles.
Research shows that when re-engaged within a year, silver medalists have a 65% success rate in securing subsequent positions. 📈 This high likelihood of success benefits not only the candidates but also offers organizations an opportunity to fill roles efficiently with talent already aligned with their needs.
- *Benefits of Silver Medalists:**👇
✅ Faster Hiring: Their familiarity can reduce onboarding time by up to 60%.
✅ Pre-Qualified Talent: 70% of silver medalists can be hired within two weeks.
✅ Cost-Efficient: Revisiting previously interviewed candidates can lower cost-per-hire by 25%.
Keeping Silver Medalists 🏅 Warm:
🌐 Engage them via social media and events.
🔔 Use ATS (Applicant Tracking System) for regular check-ins.
💬 Personalize communication to increase re-engagement rates by 55%.
Key Metrics:
✅ Time to fill reduced by 30 days (50% efficiency increase).
✅ EEO and Global Diversity Survey response rates reached 92% in 2024.
✅ 80% of roles filled from existing talent, including 25 silver medalists.
- *Key Takeaway:**👇
Evaluate your ATS and CRM capabilities to rediscover top talent. Consider using a talent acquisition suite like LeverTRM for better hiring outcomes.
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