The shift from an employer to a candidate driven job market has put candidates in the driver’s seat and has left employers scrambling to find the talent they need. The lack of top candidates and high competition for skilled talent has created a candidate drought.
In this survival guide, you will learn how to adapt your recruiting efforts, hiring strategies, and your mindset to hire and retain top...
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Counteroffers Provide Relief in a Candidate Drought
After an employee resigns, you have one of two choices - counteroffer or let them go.
Normally, we would advise employers to let them go - but not before completing an exit interview to learn what led to their decision. The reasons for letting them go include: there is most likely some disgruntlement that underlies their decision to leave, questions about their long-term commitment, and setting ...
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Crafting Compelling Offers in a Candidate Drought
Employees in today’s candidate drought are savvy. They know they have options and they know what they’re worth.
If you reach out to employees about a potential position, they will research the latest salary trends, find out what a competitive job offer is for that role, and know exactly what it takes for them to accept a new job, all before responding to your outreach.
With that in min...
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Finding Talent in a Candidate Drought
Today’s candidate drought can be a frustrating and difficult time for employers looking to hire top talent.
Many top professionals aren’t interested in new opportunities and the candidates who are available, may not have the right skills to fill your open position.
But before you give up on your search, I do have some good news for you. Even though finding a top employee requires more effort an...
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Compensation Tips for Hiring in a Candidate Drought
Hiring for open positions today is harder than ever. The unemployment rate is at a historic low and there are more open positions than there are job seekers, according to the Labor Department.
This shift of power creates a lot of opportunity for employees and candidates. They’re often either well-compensated and happily employed or juggling multiple career-advancing job opportunities at once.
Ho...
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Use Branding to Attract Talent in a Candidate Drought
Do you know how candidates view your company? Are your job descriptions enticing? What do candidates see when they research your website, social media, and company reviews?
In today’s low unemployment market, how a potential candidate perceives your company is more important than ever. Factors like a poorly written job description or slow loading website are reason enough for top candidates to pu...
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Evaluate Differently in a Candidate Drought
It’s no secret that we’re in a candidate-centered employment market. The unemployment rate has been steadily dropping since 2010 and the current National unemployment rate is less than 4 percent.
While low unemployment can be beneficial for candidates and employees, it presents new challenges for employers who are recruiting top candidates to fill growth and leadership opportunities.
If you’re lik...
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Living in a Candidate Drought – The Employee Perspective
The U.S. labor market has undergone significant changes in recent years. Most considerable, the unemployment rate is currently under 4 percent, the lowest it's been in 17 years. And the shifting market has also created a demand for jobs requiring higher-level social and analytical skills, resulting in a widening skills gap.
These two factors combined make it very difficult for employers to find t...
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Living in a Candidate Drought – The Employer Perspective
Have you noticed that it’s taking an unusually long time to fill an open position at your company? Or has one of your star performers accepted a position with a competitor that included a hefty salary increase?
That’s because we are in a candidate drought. Companies are struggling to find star candidates in a market with the lowest unemployment rate in 17 years. And a candidate drought doesn’t jus...
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The Candidate Drought – How to Adapt Your Recruiting Efforts
If you’re looking to hire top candidates right now, I don’t have to tell you that top talent is scarce. With an unemployment rate of under 4% and 6 million jobs left unfilled, it’s hard not to feel the effects of this candidate drought.
Back in 2010, the unemployment rate was around 10%. Employers had a much easier time finding top candidates. They were able to take their time and had their pick ...
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