According to the latest job market trends in 2019, there are more than seven million job openings in the United States, and not enough workers to fill them. The shortage of candidates has made it difficult for companies to find and engage with active job seekers. And even if a company manages to find candidates, they get snagged up by the competition quickly. Hiring managers have been reduced to asking for referrals or seeking out passive talent.
The labor market has become very tricky to navigate companies now face novel challenges in hiring and retaining good candidates. Employers are consistently trying to create excellent candidate experiences during interviews and stand out as exceptional employers to overcome hiring problems.
Read this article to review four brutally honest reasons why companies struggle to find great employees.
Recruiting may seem like a walk in the park but it’s actually a high stakes profession. That’s because choosing the wrong candidate can cost your organization some big bucks. Research shows that losing one employee can cost a business around twice as much as that employee’s salary!
Plus, when it comes to the millennial candidate market, you’ll find plenty of employees wanting to quit their jobs without much reason.
The growth of the construction industry has slowed down a bit in the past few years. One of the main reasons for this is a lack of eligible workers who are willing to put in the hours and labor required to make it successful.
The struggle to find capable construction candidates has increased as Baby Boomers and Gen Xers age. Millennials prefer work that doesn’t involve tough physical labor. This makes it harder for construction and restoration companies to entice and bring on the right kind of workers.
Every new employee requires training to help them integrate into your business. Hiring employees frequently and dealing with a turnover rate can be both costly and time-consuming for a business. That’s why it’s important to retain employees for as long as possible.
This means that good hiring decisions need to be made when looking for candidates. However, filling a job vacancy with the perfect candidate is daunting. But if you know what sort of qualities and character traits you need to look for, it can be easier to spot the right talent.
Industry trends come and go and this year is no exception. When it comes to the restoration industry, 2019 has brought in a range of new Human Resource Management and candidate recruitment strategies with it.
Studies show that 90 percent of all corporate recruitment is candidate-driven. This implies that qualified candidates hold more power than they ever did before!
Recruiting the right talent for a startup can be complicated. With limited cash flow and finances, getting the wrong candidate on board could mean wasting resources
Most business leaders understand that happy employees lead to happy customers. One of the most important ways to keep your employees satisfied is by developing a positive work environment for them to thrive in.
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.
An average job opening attracts about 250 resumes—only 2% of applicants will actually be called in for an interview.