Attracting and Retaining Talent
Attracting and retaining talent is one of the biggest challenges companies face today. We hear so much about The Great Resignation in the news, yet how many of us think about its impact on our own organizations?
As recruiters, we see a very challenging market for companies to attract talented candidates. Despite this candidate-driven market, with quick interview turnarounds and rising salaries, we see companies conducting business ‘as usual’ without making any adjustments on their end. However, to continue attracting and retaining top talent, companies need to rethink their interview process and compensation offers.
A Competitive Market for Retaining Top Talent
We have seen a staggering number of candidates receive multiple offers and counter offers. Recently, a candidate started a new position and within two weeks the candidate’s former company counter offered a dollar figure that was hard to refuse. When describing the current market, competitive is an understatement.
To gain insight into this candidate-driven market, we recommend viewing the process from the candidate’s perspective. Here are some viewpoints to keep in mind:
- When writing the job description, make sure that the position is thoroughly outlined so the candidate has a clear and concise idea of what your company is looking for.
- Confirm that your interviewers are selling your organization to prospective candidates during the interview process. People are a company’s greatest asset, utilize them.
Recruiters Can Help
When you find someone that is right for the position and culture of your organization, act on it. Letting them sit for a week or two to see if someone better comes along, may leave you without the talent you really want.
Partnering with a recruiter you trust is crucial, especially during these unprecedented times. A good recruiter will assist you with navigating this tricky market while giving you each candidate’s background and motivation to make a career change. A good recruiter wants you to hire the best person for you and your organization. A good recruiter wants your business long term.
For more tips on Culture check out our blog – 5 Business Reasons to Hire an Executive Recruiting Firm
ConnectPoint Search Group
Sacramento Region’s Premier Boutique Search & Staffing Firm