What is a candidate led market? It’s something that you’ll hear every good recruiter speaking about, and advising you the best recruitment model to use to make sure you secure the best candidate for your vacancy.
There has been a year on year increase in new job roles on the market and it continues to grow as employers develop their business through their workforce.
The best candidates in the active market are getting multiple interviews and finding work more quickly. Today, great candidates have a choice as employers tender for them and missing out on the right person could be costly for your business. The passive market is often an untapped resource and the right candidate may not yet be in the active pool.
We’ve changed to a market where these desirable candidates are limited in number and as recruiters we work with these candidates to find them their dream role. The best candidates will be promoted out to the market, and your competitors too and those with the correct recruitment process who ‘sell’ their business and opportunity in the right timeframe will be the ones that secure them.
So what’s important to know when you’re recruiting in a candidate led market?
Recruit the best person for the job, not the one with industry knowledge
Yes, there will be some additional training when they start, but it will bring a fresh view point and open up more candidates for you to look at
There’s much more to recruitment than placing an ad
You may find yourself swamped in irrelevant CV’s, you won’t know other than on paper if the candidate is right and risk spending your valuable time interviewing candidates that won’t match culturally.
Understand the candidate’s motivation to move
A great candidate will no doubt get a counter offer and understanding their true motivation to move will help when it comes to negotiations
Choosing the right recruitment model
Pre-booked interview slots, Assessment Day, Headhunting – gone are the days of CV farming
Make your business and opportunity stand out
When you’re in front of a candidate that impresses you, then it’s your job to impress them! Leave them with a feeling like you do when you see a house that you like, so that they are already mentally moving in!
You don’t need to see lots of candidates to make a decision
If you see the right one, make a decision. It’s common for employers to want to see comparisons, but while you’re doing that other employers, and your competitors may not hold back on offering that candidate
Keep the process slick and time bound
Work out when you want someone to start and set a reverse timeline, factoring in notice periods, how many interviews you want to conduct and your availability considering annual leave and others involved in the process
We can help with all of this. If you outsource your vacancy to us we act as the ambassador for your business and vacancy and work closely with you on a time frame that suits your business. We will keep you regularly updated on the search and advise on market conditions, salaries as well as keeping you informed of everything that the candidates have in their interview pipeline. After meeting you and understanding your requirements, we cast the net wide, telephone screen, face to face interview and present you with the best matched candidates on the market. Your job then is to pick which candidate you want, and if we’ve done our job right then we should give you a tough decision!
For further advice on recruiting in a candidate led market, call Rob on 07788261517.