How to Secure the Best Talent in a Candidate Driven Market
In the past few years, the job market has shifted dramatically. Previously, employers used to be spoilt for choice with numerous potential candidates, giving them the freedom to influence candidates into settling for low remuneration and benefits. But today, the large number of job openings and a lack of availability of good quality talent has created an extremely candidate-driven market.
This is great news for candidates, as it gives them the power to bargain and secure better-paying jobs. However, it’s bad news for companies, as potential candidates they might be interested in are probably receiving multiple offers.
Here are some strategies that you can implement to secure the best talent for your company in today’s competitive market:
The first thing you need to do is to set the wheels in motion by filling positions as soon as possible. If an employee is leaving, don’t wait until they’ve left to find a suitable replacement. Get the word out and start talking to top recruiting firms to find the best replacement candidate. Make sure your hiring process is streamlined and efficient so once you identify a potential candidate, you already have everything ready to move the process forward.
Statistics show that 80% of candidates go with the first job offer they get. This means that you need to be decisive and offer them a job before anyone else does. Minimize the deliberation time and have a clear vision of the things you are looking for in a candidate and the offer you can make. This will help you decide whether you want to make an offer or not.
Offer Competitive Salary Packages:
In a candidate driven market, offering compensation that is below market value for roles that are in high demand is not an option. The recession faced by the country in 2000 is over, and companies are offering highly competitive rates in their salary packages now. Many startup companies are also offering cushy benefits that attract top talent in the market. Do proper market research to figure out the best compensation package that is bound to entice the candidate into accepting your offer!
Let Us Secure the Top Talent for Your Company!
OPS Staffing is a top talent acquisition firm that offers premier commercial recruiting services for construction, water, and fire restoration companies. With can help you connect with the top experienced professionals that will become an asset for your organization.
Contact us today to recruit the very best to fill multiple roles for upper management jobs in your company!
Posted by: Mitchell Riley
OPS Staffing | + 1 (888) 482-6019