We’re experiencing one of the most competitive job markets in recent history. The Great Resignation has left employers with more positions to fill than anticipated, and competition to attract and retain top talent is fiercer than ever. Recruiting tactics which have traditionally been successful in the past are no longer yielding the same results in this ultra-competitive candidate’s market.
The pandemic has changed the mindset of many workers in important ways. People are more willing than ever to leave a job in which they are unhappy. They are also expecting more from the companies with which they choose to work. Many job candidates today are placing a higher value on working for a company that:
The following tactics will help you more successfully attract and retain the top candidates in this competitive job climate.
More than ever, job candidates are prioritizing company culture when choosing where they want to work. Simply offering the most money or the best benefits will no longer set you apart and make you the front runner for the best talent. For your position to be desirable, your company’s purpose, mission, values and culture must align with those of the candidate.
This is particularly true for millennials. According to a LinkedIn report, 86% of millennials would be willing to take less money to work for a company with values that align with their own. When creating your job postings, it’s crucial to clearly communicate your mission and values to applicants. Today, this is just as important as listing salary, benefits and incentives.
Make sure you add messaging about your culture and values in the following places:
This tactic represents the other side of the coin to the last one. If you want to not only attract top talent, but also keep them at your company for an extended period of time, you want to make sure they are a good fit for your company’s values and culture.
One of the biggest mistakes many companies make is placing too much emphasis on a candidate’s specific qualifications. While it’s certainly important that they possess some core skills that are necessary for success in the job, it’s not essential that they have extensive experience in all of the technologies, techniques and practices used at your business. These skills can easily be taught to a qualified candidate during the training process.
It is much harder to train someone to have passion, initiative, strong work ethic, a team-first mentality, and a desire to grow within your organization. Individuals either possess these traits or they don’t.
If a candidate doesn’t possess many of the intangible traits you desire in an employee, or if they don’t align closely with your company values and culture, they are likely to be a poor fit for your organization even if they possess the core skills required for success. This will increase the likelihood that you’ll need to replace this individual sooner than later.
Job candidates are interviewing you as much as you’re interviewing them. If they feel your company may not be a great place to work, your job will become less desirable to them. With platforms such as Glassdoor making employee reviews of their work experience and company culture easily accessible to candidates, it’s crucial that you take the steps necessary to build a reputation as being a great place to work.
The following steps will help you cultivate this reputation:
Many job seekers value an easy, low stress application process. It’s important to provide them with a personalized application experience that is easy to complete:
Many talented candidates are interested in choosing a position that will not only provide meaningful work in the moment, but also help them advance their career in the future. You can show talented applicants you’re invested in their professional growth by:
Work-life balance is more important than ever for many individuals. Companies that make this an integral part of their culture will often have a leg up on attracting the top talent. Consider offering the following perks which may help provide the flexibility many job seekers value:
In today’s competitive job landscape, it’s crucial to leverage the assistance of third-party HR consulting professionals who can help you attract and retain the top talent. PassioHR can set your business up for success. We offer comprehensive recruiting, HR consulting and employee engagement services that will help you optimize your hiring and training process.
Our unique Elevated Engagement Plus™ Approach has been designed to help you create a more successful and inspired organization. We’ll take a deep dive into your company to understand your specific goals, challenges and workforce dynamic. We’ll use this information to collaborate with you on creating a hiring process that will attract the top candidates who are a strong fit for your company’s culture and values. We can also help you craft an employee benefits package which will more effectively cater to the needs of today’s job candidates.
Contact us today to schedule a consultation.
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