Wednesday, 12 October 2016

The Need to Move Quickly in a Candidate Driven Market

A lot has changed in the since the 'Great Recession' in 2008-09, especially in the 'job market' and many employers have realised the ‘hard way’ that they no longer ‘hold all of the cards’
Whilst there used to be lots of competition for jobs, with clients able to pick and be spoilt for choice, this is no longer the case. Gone are the days of slowly shifting to a candidate driven market over seven year cycles; it is here and, despite Brexit, the Scottish Referendum and other distractions, it has been here since before at least 2012. 

Candidates have a lot of power and are able to 'flex their muscles' when looking for a new role.  This means bad news for sluggish hirers as the talent they seek to acquire are receiving multiple job offers in a very short space of time. In addition to that, latest research from ‘Consol Partners’ show that at least 80% of candidates accept the first job offer that they receive. 

This makes it vitally important for all employers to move quickly when recruiting and here’s some straightforward tips to help you speed up your process.

Write A Clear Job Description – This may sound simple but often employers interview candidates that meet their criteria but don’t realise it. They’ve aimed for a target that they haven’t defined and without a job spec they didn’t grasp that they’d actually met their perfect candidate! Several weeks later, after meeting several further candidates that didn’t meet that benchmark, they return to offer the original candidate.  Surprise, surprise their perfect candidate has been recruited elsewhere.  Save yourself time, and lost opportunity, by having the criteria to recruit against from the outset.  Advice on writing job specifications can be found in our Recruitment Plan Template

Agree the Time-frame – Set out an agreed time-frame with colleagues for your recruitment process.  Check out our Recruitment Checklist for advice.

Are the Decision Makers there? Be aware of the availability of colleagues involved in your recruitment process.  Check their diaries and ‘pencil in’ agreed dates for all interview stages.

Make Quick Decisions Against Agreed Criteria – Don’t take days/weeks to decide if a candidate is the right fit, try to sit down straight after the interview to decide while the candidate is still fresh in your mind.

Trust Your Gut – Hiring decisions need to be a combination of both insight and instinct.  Aaron Wallis can help employers add effective recruiting tools into their service which do not necessarily prolong a hiring process.  Waiting for references can potentially add another week to the hiring process.  We recommend making verbal offers, ‘subject to references’ to ensure that you do not miss out on your perfect candidate.

Shorten the Process – Try not to drag out the process to more than 1st and 2nd interviews, any more than this and the candidate is already likely to have received an offer elsewhere.

Communicate – Things happen in business that ‘blur’ a recruitment process, we get that.  However, if you don’t inform candidates that there is a delay, with valid reasons, then they’ll simply assume that you’ve recruited elsewhere.

Moving quickly is likely to be the difference in securing the best talent and it could save you a lot of time, and lost opportunity, in the process.

Written by Liam Oakes





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