Exploring the primary recruitment challenges that employers are facing right now…
1 in every 4 employers is struggling to recruit the talent they need, which means the talent shortage is now at its worst level since 2008 (according to a Manpower survey).
The challenge appears even greater for large companies, with 51% of those employing more than 250 people currently facing a skills shortage.
A separate study conducted by CV-Library additionally found that 84.2% of businesses have a ‘lack of relevant candidates’ for their vacancies. Despite this, 87.5% of companies are confident about their recruitment plans for the year ahead.
The top recruitment challenges employers plan to address this year:
- Sourcing better quality candidates (64.5%)
- Prioritising this focus on quality over quantity (92.6%)
- Bringing down their cost per hire (44.6%)
- Creating ‘talent pools for the future’ (38.8%)
- ‘Developing their employer brand’ (33.9%)
- Reducing the duration of the recruitment process (31.4%)
Returning to the first survey, a number of employee priorities are identified.
These factors may support an increased candidate attraction focus:
- Flexible and remote working opportunities: most sought by employees aged 35-44
- Attractive pay offerings: most prioritised by employees aged 45-55
- A positive work-life balance: especially appealing to the over-65s
- The right management staff: vital to those between 18-24
- Increases in ‘salary and childcare subsidies’: particularly attractive to 25 to 34-year-olds
- Furthermore, the increased autonomy regarding ‘when and where’ work is completed, a positive work-life balance, and skills development opportunities are additionally discussed as important for all employees
The above-referenced age groups are as per the survey findings. However, it’s important to note that job priorities are highly individual and don’t always fall into neat categories.
Most candidates have multiple priorities that will shift in their order of importance on a fairly regular basis depending on what else is going on in their lives at that time. To this end, it’s best to review all staff attraction opportunities, alongside treating job applicants and team members as the individuals they are.
It’s good news for employers…
Working with an expert recruitment team can help you address your top recruitment challenges:
- Attracting quality job applicants through access to a variety of industry tools (alongside benefiting from the agency’s own local reputation)
- Reducing cost per hire – by reducing the possibility of making bad recruitment decisions
- Creating those future talent pools through long-term partnerships with your consultants. The better they know and understand your business, the better they are able to source the right people for your team
- Communicating your employer brand to new and prospective candidates
- In addition to reducing the overall duration of your recruitment process through expert planning and coordination