Finding Quality Candidates
I read some recent articles in Glassdoor and Undercover Recruiter about difficulties experienced by organisations employing and hiring in the UK currently, and found some of their stats interesting.
1 | The average cost-per-hire in the UK is £3,000.
this does not include add on costs such as NI, licences, equipment. training, bonuses etc.
2 | The average length of the job interview process in the UK is 27.5 days.
3 | 76% of hiring decision-makers say attracting quality candidates is their number one challenge.
4 | 88% of hiring decision makers agree that an informed candidate is a quality candidate.
5 | The top benefits of hiring informed candidates are:
- Better employee retention
- More productive employees
- More engaged employees
6 | 75% of hiring decision-makers say it’s easier to attract top talent when they know of or about your organisation.
7 | Top barriers or challenges hiring decision makers face when recruiting quality candidates:
- Lack of quality of candidates
- Budget constraints
- Trouble competing with compensation and benefits packages at other firms
- Knowing where to advertise jobs to attract the right people
- Attracting millennials.
8 | 76% of hiring decision-makers report a concern or challenge in attracting and hiring passive candidates, as they have grown wary of aggressive contact through networking sites (e.g. LinkedIn) and respond at a much lower rate.
9 | When making a decision on where to apply for a job, 84% of employees/job seekers say the reputation of a company as an employer of choice is important.
So what do we take from this?
Attracting, screening, and hiring the right candidates is no easy feat.
Recruiters who know all about your organisation, your plans, your culture, vision and values, benefits and prospects are going to be more likely to attract candidates that you will want to employ.
What’s more, once an informed and well briefed candidate becomes an employee, they’re more likely to be productive and engaged. It is therefore sensible to work closely with your recruiter to ensure that they are the right one for you and that they have all the information they need to promote your business and to ensure that they are only submitting informed, high quality applicants.
The right recruiter who is well informed about their market place will be able to help you understand the points of appeal of other employers in your sector so that you can adjust your benefits and employment package to become as attractive as other employers with whom you may be competing for quality candidates.
A good recruiter will be able to tell you why good quality candidates are choosing other businesses over yours.
So if you would like a conversation about how effectively a professional recruiter can attract those quality applicants that you are looking for – please contact us today.
Better People Ltd – 01491 836632 – Jayne Johnson
These statistics are from recent articles found on Glassdoor and Undercover Recruiter so do look there for other useful and interesting recruitment related information and guidance.