In April 2021, the job market drifted in a different turn than expected; the Great Resignation shifts the employer-employee dynamic, leading to a talent shortage in the market and making recruiters’ jobs harder than ever. While American workers are resetting and reevaluating their priorities in the workforce, recruiters must act fast in 2022 in securing the best talent in the market.
How it all started…
The Great Resignation started with a record high as 3.8 million Americans quit their jobs in April 2021 for better pay, working condition, and work-life balance. The effect of the global pandemic has led many American workers to reconsider and reprioritize their lives and the necessity of work, ultimately leading them to say – “I’m out.” Hence, the Great Resignation.
With many Americans resetting their lives and redefining the definition of “burnt out,” recruiters are having the most challenging time of their careers to find talent for their businesses. While there are many job opportunities and less talent, time is ticking, recruiters struggle with talent shortages.
Why recruiters must act fast to secure talent in 2022 to win the talent war.
Time Kills All Deals
Talent acquisition professionals often hear the phrase, “Time Kills All Deals.”
This phrase cannot be more true today with the economy struggling with a talent shortage; therefore, recruiters must take action. Top candidates are usually out of the market within 10 to 14 days. Therefore, when recruiters and hiring managers move fast with the decision, there’s a higher chance they will win the candidate over other competitors in the market.
Many talent acquisition professionals praise the idea of candidate experience, while it is also understandable that hiring managers could be indecisive in terms of hiring talents. Moving faster within the hiring process will allow candidates to feel wanted, hence, a better candidate experience. To avoid falling into the trap of losing a candidate, it is best to prepare everything in advance to have a seamless process.
If you’re struggling with candidates retention due to a poor candidate experience, here are four changes you may want to consider today.
Avoid The “Bidding” Conversation
Top talent is usually on the radar of other competing companies. When a recruiter moves faster and quicker within the hiring process to secure a candidate, there is likely no need for the salary “bidding” conversation. Of course, the decision on whether the candidate will accept the offer is also dependent on growth opportunities or the expansion of new skills other than salary compensation.
In 2022, there’s no time for sitting and waiting…
The new year kicked off with over 15K+ job openings for recruiters posted in one day while recruiting remains challenging. In 2022, there’s no room and time for sitting and waiting for candidates to apply. Recruiters must transform their recruiting tactics and strategies to get ahead of their competitors. Suppose the Great Resignation is still here to stay, and the talent shortage is continuing to challenge the talent acquisition industry. In that case, it is time for recruiters to become a superhero and proactively discover these hidden talents in the market. Stay tuned for an announcement from hireEZ soon to find out how we will address this issue.
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