We all know that the labour market is tight at the moment, and there is competition for top talent. It’s stressful for hiring managers and CEOs, but there are steps that can help. First, let’s take a look at what’s happening.
Employers are trying to retain and attract employees by:
Increasing salary budgets, placing a stronger emphasis on DEI programs
Implementing flexible work policies
Enhance employee experience with respect to culture, technological environment and physical environment
Complicating this tight labour market, large numbers of employees have decided to retire, some earlier than planned. Additionally, remote work has enabled companies to widen their geographic nets, compounding the battle. We’ve seen many counteroffers, as well as candidates with multiple simultaneous offers.
Our advice is to streamline and perfect your hiring process as much as possible.
Know exactly what you’re looking for and have all members of your hiring committee on the same page before you go to the market.
Think about your company’s reputation and what potential candidates will have heard, and be ready to address any concerns.
Make time for interviews; don’t drag out the process.
Be flexible and willing to negotiate the offer.
To read more about the war for talent, go to https://huntscanlon.com/how-long-will-the-war-for-talent-continue/