INSIGHTS

3 Tips To Effectively Hire In A Candidate-Driven Market

Mar 27 2019

3 Tips to Effectively Hire In A Candidate-Driven Market

Eighty-six percent (86%) of recruiters today feel that the current labor market is candidate-driven. Research shows that job seekers are having more power in the search and qualified candidates are getting multiple job offers.

The latest trends in recruitment have evolved into focusing more on improving the candidate experience. That is why countless publications over the years advise employers and recruiters to treat candidates as customers in talent acquisition.

In a competitive environment where candidates are having more options and opportunities, it is important that employers and recruiters start tailoring their hiring process fit for such conditions. Here are some of the most helpful recruitment tips that we’ve gathered:

 

  • Build a strong Employer Branding

Employer Branding is defined by TalentNow as “a strategy that is used to influence the present and potential employees in thinking favorably about the employing organization.”

Information about the company and how their online presence fare can be easily found through various platforms. LinkedIn study has proven that 75% of job seekers consider an employer’s brand before even applying for a job. Moreover, a Glassdoor report shows that “69% of active job seekers are likely to apply to a job if the employer actively manages its employer brand (e.g., responds to reviews, updates their profile, shares updates on the culture and work environment).”

Communicate your Employment Value Proposition (EVP), connect to potential candidates, and see your talent pool grow.

  • Maintain clear communication throughout the screening

Clear communication remains to be a key element in the best recruitment practices.

Start by writing an easy-to-read and accurate job description which serves as one of the most important content that job seekers look for. Aside from job details and salary range, candidates expect for company information too, like why they fit, the company’s culture and mission.

In the interviews, recruiters should be open about the required skills, feedback, and other concerns that would help in the recruitment process.

Expectations should always be set between the recruiter and candidate in terms of the job requirements, number of interviews, compensation and benefits, otherwise valuable time may be wasted for both parties.

 

  • Tighten the recruitment timeline

Statistics today will tell you why it’s important to act fast in recruitment: 1) Top talents are off the market in 10 days, and 2) 66% of today’s candidates wait no more than 2 weeks without feedback from an employer thinking that the application is a lost cause.

Repetitive administrative processes and too many interviews can turn off qualified talents, especially when they have multiple offers backing them.

Going over an applicant’s résumé should not take more than a few hours as well as screening them for an initial interview. Limit the interviews to three. Keep their waiting time to a minimum as much as possible for better impression. Remember: Aim for better candidate experience.

By making sure that your recruitment processes are efficient, it helps you as an employer to acquire top talents with less time and resources all the while respecting a job seeker’s time. Talk about win-win!

 

Here at Yondu, Inc., we place ourselves in the candidates’ shoes for us to do recruitment right. We follow only six steps in our recruitment process. A candidate gets a phone interview with our Technical Recruiter, he or she then gets an endorsement, straight to a final interview with the hiring manager and if qualified, gets an offer in a couple of days. After that we give them time to complete their requirements and then they start their orientation. He or she can be welcomed right at Yondu’s doorstep in as short as 21 days.

What’s more, we go beyond an efficient hiring process. Upskilling our team is part of our commitment to our people. We provide a wide spectrum of trainings from business support, project management, IT, sales, and leadership.

If you are looking to have a competent and innovative system for your recruitment, partner with us at Yondu! With our valued experience in sourcing, recruitment, assessment and selection, your company is guaranteed to acquire only the top talents in this evolving job market.