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For the first time since 2008, volume is missing from high-volume hiring, leaving most organizations using traditional recruitment strategies unprepared. As a result, employers are now having to quickly adapt to the current situation — with no true guideline for doing it the right way.
Companies are consequently increasing wages, offering sign-on bonuses, and covering tuition fees in a bid to get candidates through the door and to keep hold of current employees. And yet, all over the world, the talent pools for hourly roles continue to dry up.
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272 reads
The heightened risk of getting sick, along with low wages, inflexible work schedules, and the increasing number of remote vacancies are all contributing to the talent crisis affecting the high-volume hiring.
But the lack of candidates for hourly jobs, which are mostly entry-level in nature, is the result, not the cause, of the broken talent acquisition practices that have been in place for years. Again, the pandemic has simply brought these issues to light.
17
167 reads
In the current context, the lack of candidates at the top of the funnel seems like the most pressing problem. Yet if we look beneath the surface, we see that across industries, companies in the high-volume-hiring space are struggling with high attrition, poor-quality hires, and high drop-off rates throughout the recruitment funnel.
These problems are constant, and fixing them could put an end to the shortage of workers, as fewer people quitting means fewer seats to fill.
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120 reads
Traditionally, attraction and selection have been treated as two distinct challenges. Companies have always benefited from high volumes of candidates, so they rarely had to worry about not having enough talent to choose from.
Now, as talent pools shrink, employers realize that this approach to recruitment is deeply flawed. At the same time, they’re becoming anxious about people having more leverage over their job preferences. Translation: You can’t attract candidates unless you make your brand, workplace, and offering attractive.
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115 reads
Selection processes, whether powered by a single recruiting platform or multiple tools, tend to be linear in how they screen out candidates. A candidate needs to meet the threshold set for each stage to progress to the next. However, in a rapidly-changing labor market, this approach sets you up for failure.
To future-proof your hiring, you need to take a holistic approach to recruiting and move from a rigid, linear process to a flexible, agile one.
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111 reads
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IDEAS CURATED BY
"The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails.”- John Maxwell
CURATOR'S NOTE
The Hiring Crisis
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Learn more about business with this collection
Conducting effective interviews
Identifying the right candidates for the job
Creating a positive candidate experience
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