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Amidst tech layoffs and fears surrounding artificial job displacement, the world is in a talent shortage. That may sound like an oxymoron, but a rather extensive report by Korn Ferry claims that as many as 85 million jobs may go unfilled by 2030 as a result of a global talent shortage.
That can only mean one thing – for companies to avoid being a statistic in the $8.5 trillion unrealized annual revenue, they will have to compete ruthlessly for the available top talent. Here’s how you can navigate that challenge:
1. Use Direct Hire Staffing Services
When hiring employees for long-term or permanent roles, try as much as possible to avoid doing it yourself or contracting companies that only offer temporary staffing services. In such situations, your best bet would be to opt for direct-hire staffing services for benefits like a reduced turnover rate, access to a larger candidate pool, greater employee commitment, and more.
By hiring a top-rated direct hire staffing agency like Kinetix, you will be working with professionals who have been in the field for a long period and have adopted the best tips and tricks to optimize your recruiting processes.
2. Review Your Employee Value Proposition
You expect your employees to offer their best set of skills and do so consistently, but what are you offering in return? Therefore, it’s crucial to revisit your EVP by analyzing the key factors: material offerings, community, growth opportunities, and mission.
Your material offerings should be motivating to the employees enough for them not to feel like they should seek better opportunities. Make sure you offer great growth opportunities, such as performance-based promotions, and train your employees well so they can offer the best value. Your employees should also have unique chances to engage and connect – foster a sense of belonging. Also, finetune the mission of your company so that it covers what your employees care about.
3. Use a Referral Program
Recruiting should be a corporate-wide goal, not a machine-like procedure that only involves a set of pre-determined steps and techniques. Don’t make recruiting an HR-exclusive responsibility or stick to traditional recruiting mechanisms like advertising. Try to bring more employees into the recruiting process, so it feels like they were directly involved in picking their next teammate.
That will work wonders for increasing motivation, especially if the current employee making the referral will be working with the new employee. When current employees are given ownership of hiring decisions, there will be an increase in trust, camaraderie, and the willingness to build your company’s culture.
4. Focus More on Career Development and Internal Mobility
Recently, leading employers have been shifting to a recruiting model that focuses on reviewing recruitment & retention strategies and improving corporate-wide communication. You should continuously asses the benefits and compensation that you offer your employees to ensure you remain competitive. Also, rather than using a performance review process, you can shift to career development meetings that are based on long-term and/or short-term growth plans.
Keep in mind that great pay is not all your employees are looking for – they are very much interested in a rewarding career, one that makes it easier for them to grow and develop. If you can have regular dialogue around this topic, you will identify dissatisfied employees before they leave for another company, in addition to creating a healthy environment for constant growth.
5. Make Your Hiring Process User-Friendly
Your application and recruiting processes should be user-friendly, and that’s it. You don’t want situations where potential candidates begin the application process but abort somewhere between. As an employer, the easiest way to determine if the application process is seamless is to try to discover and apply for a job at your organization.
Companies should make their employment opportunities easy to access, and as smooth as possible for the candidates. The applicants should also be able to apply for the jobs from their cell phones to increase the convenience even further.
In Conclusion,
While finding the right talent for your company is by no means an easy feat, you can make your work easier with the right tips. Most of the efforts should be tied to building a stronger employer brand as that will attract more top-quality candidates who will want to work in your company.
And if you want to enhance your recruiting strategy even more, you can always team up with a multi-service recruiting agency like Kinetix.
