With the latest ONS figures showing growth in employment for Q1 2022, and redundancy rates at a record low following the expiration of the Covid-19 job retention scheme, it’s good news for the economy but what does it mean to businesses looking to recruit?
With job vacancies at a record high of 1,318,000 in February 2022 – an increase of 105,000 from last quarter – candidate really is king and finding the right fit for your business can be a lengthy and fruitless task.
To help, we have put together key tips for recruiting candidates in 2022.
Benchmarking / Market analysis
How does your business / candidate offering compare to the competition?
To most of us pay rates are a key driving factor when searching for a new job, what pay rates can you offer? How do you compare to your competition? Ultimately this could be the reason you are not getting the applicants you require
Employee Value Proposition (EVP)
It is vital that you know what it is that you are offering a prospective candidate, to win the interest of the best candidates your business and those responsible for hiring must sell the EVP to the candidate.
What is an EVP?
This can be softer benefits to candidates such as workplace facilities, benefits packages and flexible working.
Targeting millennials and gen Z
Times have changed and the way we consume information has moved on, this is also true of the recruitment landscape, gone are the days of passively browsing the local paper for new roles in the area. We are now seeing referrals, social ads, and other platforms being used to gain the interest of prospective candidates. Using the right technology and channels of communication is vital to reaching those key audiences.
A leading onboarding system
Onboarding is vital to ensure potential candidates are reached and moved efficiently through the onboarding process to becoming a solid part of the team, losing candidates due to slow processes and improper training and support can be costly.
Take the time to ensure good retention, recruiting the right people is a worthless task if retaining them is not part of the plan.
The culture of the workplace is a huge factor here, are employees well looked after? Do they have a friendly and helpful support network? Are they happy?
Genuine career progression
Investing in employees not only helps them to feel valued and have a path for progression but also benefits the business with better knowledge and experience, lowering attrition rates and encouraging internal promotion.
Recruiting the right candidate is a time-consuming investment into your business, ensuring the right resources and achievable time frames will help the process.
The most effective way to recruit is to bring on a specialist recruitment partner who can take on the task efficiently, making the most of time, resources and knowledge to find the perfect fit for your business no matter the challenge.
(data sourced from ONS report 18.1.22)
Rosie Longmore, Sales Director said: “There is no silver bullet when it comes to recruiting in challenging climates, however by taking a more strategic approach to recruitment – creating a leading EVP, and onboarding system – you will help ensure that you not only attract the candidates that you need but increase your retention rates and protect your investment as a result.”
If you would like to know how Siamo group can support you, please contact the team today.