It is a buyer’s market for job candidates, especially professionals that have compiled an impressive record of achieving success in the workplace. Employers in nearly every industry scramble every day to recruit potential workers to fill a rapidly growing number of open positions. Even employers with open entry-level job openings have difficulty finding the right candidates to fill the open career-starting opportunities.
The fact is, the COVID-19 pandemic has made hiring and recruitment even more challenging. According to TalentLyft, the top 5 recruitment challenges caused by the Coronavirus pandemic are firing instead of hiring, high volume hiring, difficulties filling jobs, digitization of recruitment, and hiring budget cuts.
The lack of talent for American companies suggests we have an employment crisis on our hands. However, unlike many other issues faced by American companies like supply chain disruptions, the employment crisis is one that business leaders can control if they implement the right recruitment strategies.
Compatible Company Culture
One of the most important reasons why job candidates choose to work for certain employers revolves around the concept called culture. Company culture acts like a magnet that attracts professionals to work for certain companies. When recruiting qualified job candidates, you must clearly communicate the values that form the foundation of your company culture.
A positive company culture that keeps employees engaged attracts more talented applicants, and just as important, retains the same talented applicants. Now more than ever, workers want a hybrid or remote work model that may include flexible work hours for a greater work life balance. It is important to maintain corporate culture while also being able to fulfill those needs.
Advancement Opportunities
Recruiting the best job candidates involves much more than offering an attractive compensation package. Although compensation represents an important factor for job candidates, particularly for highly-technical positions, job candidates also place considerable emphasis on the opportunity to grow professionally.
This means your company must show qualified job candidates the paths they can take to enrich their careers. During the first interview, recruiters should describe what it takes to achieve upward mobility, whether that involves developing new job skills and/or completing higher education courses. According to research conducted by the career-focused social media site, LinkedIn, an astonishing 93 percent of professionals surveyed stated they would remain in their current positions if their employers invested in their career growth.
Making a Difference
Starting with the Millennial generation, employers began to notice a significant shift in the employment paradigm. Instead of focusing on money and career advancement, professionals started to emphasize the importance of making a difference in the workplace. Making a difference is not just about performance; it is also about making a positive impact on the communities where professionals work.
Although Millennials get credit for starting the making-a-difference employment trend, Generation Z has pushed the employment factor to a new level of importance.
No Recruitment Surprises
One of the easiest factors for employers to control during the recruitment process concerns transparency. Job candidates want transparency during the recruitment process, which employers can provide by implementing a few job recruitment policies.
First, explain how long the hiring process should take. Then, describe the interview process, including the number of interviews and what unfolds during each session. Third, explain the compensation package and ensure it is competitive with what your competitors offer for job candidates of similar professional qualifications. Finally, introduce each job candidate to the team of professionals they can expect to work with in their new position.
The Bottom Line
Creating a recruitment experience that aligns with the values of today’s professionals is an effective strategy to attract the type of talent you want to join your team. Promote a positive company culture, provide career advancement opportunities to give your company the edge during the recruitment process, deliver opportunities to make a difference in your community, and offer transparency to job candidates during the recruitment process.
There for You: Acadia Insurance
At Acadia, we’re all about helping businesses throughout the Northeast thrive. Our mission is to provide superior service and product as close to you as possible, providing you with the backing you need to proceed with confidence.
We understand what you want most from your insurance is security and peace of mind. That means knowing you are backed by an insurance company who will support you every step of the way to help you protect your business.
With Acadia, not only can you get coverage tailored to your needs, but you will also receive support from dedicated claims professionals to guide you through the claim process in the event of a loss. That way, you know exactly what to expect. Knowing your claims professional by name and a hand shake – that’s “Closer Coverage”. Get to know more about how we work and find an agent near you.
Acadia is pleased to share this material for the benefit of its customers. Please note, however, that nothing herein should be construed as either legal advice or the provision of professional consulting services. This material is for informational purposes only, and while reasonable care has been utilized in compiling this information, no warranty or representation is made as to accuracy or completeness. Recipients of this material must utilize their own judgment in implementing sound risk management practices and procedures.
