You’ve undoubtedly heard a version of “The Great Resignation,” “fast-paced market,” and “candidate’s market” frequently stated in recent months. It might be challenging for firms with hiring needs to figure out how to outperform the market conditions and stay ahead of their rivals. In light of this, we’ve put up a list of tactics to assist businesses in gaining the edge over their competitors they need to snag top personnel.
A Well-Defined Hiring Procedure.
“Can you elaborate on the hiring procedure?” That apparently minor question that the majority of recruiters ask applicants at the conclusion of a first interview may actually have a significant influence on their future willingness to work for a specific organization.
Having an established procedure that can be simply explained to candidates is crucial in today’s fast-paced job market. The candidate you’re interviewing probably has two to three other open positions, so being able to explain your interview process will help them manage their expectations and schedules.
However, having an effective hiring process is even more important than having one planned out before you begin your search. It won’t help your search if it takes you five to seven talks to decide whether you want to move further when your competition might only require three.
Look for opportunities to streamline your hiring process. Is a panel discussion even possible? Or to make a single one-hour time block out of two half-hour interviews? You’ll beat out your competitors if you know how to streamline the interview process and get a position in front of top candidates sooner.
Feedback in 24 hours or less.
Yes, even if you don’t want to support the candidate! The truth is that word-of-mouth marketing is an effective weapon, and the way you handle applicants during the hiring process may make or break your ability to attract top talent. It’s unlikely that someone will want to put their name in the hat if they are considering working for your company but learn from a coworker that they were left in the dark without prompt feedback.
Furthermore, thanks to the market’s rapid expansion, businesses are developing ways to receive applicant feedback quickly—sometimes even on the same day! Another business may have sent them through the following, next, or even final stages of their process by the time you determine whether or not you want to advance the applicant in your process. For the best chance of remaining competitive, let your recruiter know within 24 hours after your initial conversation whether or not you wish to pursue a prospect ahead.
Keeping Salary Information Open.
It’s likely that candidates already have access to information about the typical wage for this type of position inside your organization online. However, hearing it straight from the business during the first interview or even the early outreach letter goes far with the majority of job seekers.
Establishing trust with candidates through open discussions about compensation can go a long way toward reducing systematic pay scale inequity. Give them the information they require to begin that conversation early and make sure it will be a good fit, even though a wage isn’t everything in the decision-making process for most candidates.
Understanding Your Candidate’s Schedule.
While there are many proactive things you can do to improve your chances of landing top talent, knowing how advanced they are in their job hunt can make all the difference in the world. In this situation, you can avoid a lot of headaches by using the tried-and-true ARPO method:
- What many additional businesses are applicants speaking with? Do they actively seek possibilities or do they only interact with them passively?
- Wherever does this opportunity stand in relation to the candidate’s other options? Why?
- How far along are they with these other organizations’ interview processes?
- Do they anticipate receiving any in the upcoming week or two?
These straightforward inquiries might help create clear lines of communication regarding the candidate’s timeframe during the initial interview. Top talent has the means to be picky, so being mindful of and prepared to work around their timeframe will go far in recruiting.
Making Your Recruitment Partner Aware of Your Competitive Advantage.
Finding great talent is a crucial component of this jigsaw that we haven’t yet covered and should be done before you conduct even one interview.
Top applicants are actively looking for jobs, but plenty more will be quietly receptive to opportunities if something interesting comes along. Giving your recruiter the selling elements that will grab a candidate’s attention will go a long way toward assisting them.
Make sure they comprehend how your business differs from rivals, how you’re altering the industry (especially if you’re in the IT sector), and any other details that help your business make a statement in a field filled with “great potential opportunities”.
Every day, recruiters may contact candidates many times about a variety of positions. Make sure you’ve given your recruitment partner the big picture of why prospects would want to work for you above anybody else if you want them to have the best chance of attracting that top talent’s interest. We want people who are enthusiastic about the company and its objectives, after all.
We must always keep in mind that job seekers are primarily looking for the greatest fit position at a business in which they have a genuine stake. Understanding what applicants are seeking and requiring in the present market and showing sympathy for that can make a significant impact, even though we might not always succeed in winning them over. Use the golden rule as a last resort if everything else fails. You may create a hiring procedure that would make top talent pleased you found them by considering what you would like from a prospective employer during a job search.