That could include developing pathways into careers for younger people as well as those looking to switch to a new field, says CIPD’s McCartney. “Having a broader, more diverse selection of candidates to interview increases the chances of finding the ideal fit.”
“A lot of companies continue to search for the same type of candidate over and over again, without considering that someone else could bring a fresh and much-needed perspective into the businesses,” Kirk says. “There’s been a lot of disruption over the past year and a half, but suddenly we’re seeing clients vying for talent to help them either restructure teams post-Covid or build back after the cuts they made early on in the pandemic.”Ĭan’t find the talent you need? Consider a wider pool of candidates-geographically and demographically.īusinesses can benefit by actively encouraging diversity, such as offering HR inclusion training, removing biased language from job descriptions, or by reworking interview processes. “In my 25-plus years within the recruitment industry, I can honestly say that I’ve never witnessed such a hot, candidate-driven market,” says Nick Kirk, UK managing director at recruiter Michael Page, saying that internal data from the recruitment company shows applications are down by a quarter on average for each role. While such problems existed long before the pandemic, the challenge of hiring the right staff has been exacerbated by the high rate of vacancies and desire to continue working from home, with three-quarters of employers struggling to fill roles, according to professional services firm ManpowerGroup. A report from recruitment firm Thomas shows that half of new hires don’t work out, which the company’s survey pinned on complex recruitment processes, difficulties in testing culture or role fit, and an “overreliance on gut instinct.” Broken how? Research suggests a third of new hires in the US quit within their first year. Covid has sparked a wave of resignations, would-be replacements are demanding to work from home with better benefits, and recruitment processes are looking pretty broken.
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