Finding and bringing on new hires is a time consuming and costly process. From advertising the position to screening candidates to interviewing potential employees, it's an awful lot for one person to handle. What's more, having only a single hiring manager may not be the best strategy to find the right person for the job.

That's why many companies are moving away from the traditional, top-down hiring of having one person responsible for the whole process, and instead are taking a more collaborative approach. Some companies form teams which can include HR, upper management, hiring managers, direct supervisors, and maybe even co-workers, all of whom share opinions and thoughts on candidates' potential with the company. And they're seeing huge benefits from it.

Here at Workpop, we've looked at the data that's been collected from our hiring and screening platform thus far in 2017 to learn all we can about the best ways to collaborate on the hiring process. From the thousands of companies that use our platform, 21 percent of businesses have multiple employees working and communicating with job candidates. Of these, 18 percent have three or more people directly collaborating through the platform. This shows that even from the very beginning of the hiring process, many businesses already have people working together to try to find the right employee to hire.

Chances are, when a collaborative hiring process is used, the company benefits from it. Collaborative hiring can improve results, productivity, and retention, all things that impact your company's bottom line in a powerful way.

Here are just some of the reasons why collaborating when it comes to new hires can have such an impact.

It Gives a Diverse Viewpoint

In traditional hiring methods, one person, the hiring manager, is the only one who screens job candidates, engages with them, and makes the ultimate decision of who gets the job offer. But with collaborative hiring, there's a whole team involved. This not only takes the pressure off of the hiring manager, but gives the company a more diverse approach to hiring the right person. Multiple people's opinions and ideas are considered, eliminating biases that the hiring manager may unknowingly hold. It's also more likely that the new hire will work better with the team, some of which may get the opportunity to interact with job candidates, and be better fit with the company as a whole.

It Sells the Company to Job Candidates

In today's job market, top candidates hold a lot of power. And that's why it's important to present a company in the best light possible. Qualified individuals no longer just want a paycheck, but are looking for a rewarding career, a creative outlet, and a team of co-workers that are both intelligent and supportive. So when a company takes a hiring approach that's collaborative, it shows off the best assets the company has, including its employees and team-centered approach.

It Creates a Collaborative Culture

By implementing collaborative hiring, managers are creating a collaborative culture in the workplace. And when businesses embrace this, it's evident in both the success of its employees and the company as a whole. Giants like Google, Facebook, and Apple have shown that taking a team-centered approach to management, from hiring to decision making, improves workplace happiness and increases innovation, and makes them the leading role-models for workplace improvement.

It Increases Employee Retention

Perhaps one of the largest impacts of collaborating the hiring process is the money it saves a company with employee retention. When a potential job candidate is exposed to a range of future coworkers and gains an understanding of company culture and job expectations, he or she gains a clearer, more realistic perspective of what the job is really like. And when that happens, new hires are less likely to become disgruntled, experience dissatisfaction, and are more likely to stay on board with a new job.

It Accelerates the Learning Curve

When a collaborative hiring process is used, new hires accelerate through their first few weeks at a new job. Because they've dealt with multiple employees throughout the hiring and onboarding process, they're more likely to be more comfortable in the new work environment and have already started building camaraderie with fellow coworkers. These same coworkers may take more of an interest in helping the new hire along, especially if they were part of the hiring team. They are more likely to mentor, train, and invest in new hires, improving everyone's workplace experience.

It's Easy to Do

At first, the idea of collaborating on the hiring process may seem difficult, but it's not. Giving hiring teams tools and technology to collaborate is important. On Workpop, they can share notes on applications, rate candidates, and engage in group chats with job applicants all from the platform. This kind of technology keeps things organized, costs down, and can improve the efficiency of the hiring process for all involved.