It's a Job Candidate's Market
The pendulum has swung wildly from jobs being too scarce to a talent shortage during the pandemic. It’s a job candidate’s market right now, which means while more clients may be turning to staffing professionals to help with their hiring needs, job candidates have been able to be pickier than we’ve seen anytime in recent history.
Solution
The solution is twofold:
- Work with the clients you’re serving to ensure they’re offering competitive jobs. Things are changing, and that may mean industries have to change too. Staffing agencies may have less control when it comes to industry changes but can have conversations with clients about how offering better pay, benefits, or even just a stronger company mission can go a long way in increasing applicant traffic for companies struggling to find and/or retain talent.
- Give candidates the absolute best candidate experience you can. Staffing agencies have more control here. Candidate experience has never been more critical. If a candidate doesn’t like how you’re conducting business during the interview process, they’re liable not to accept a job or walk away before an offer comes through. Communicate clearly. Communicate often. Show candidates you care.
Slow Hiring Process
The recommended timeframe for a hiring process is between two and four weeks. If the process takes longer than four weeks, the risk of losing candidates to other roles increases dramatically. Since staffing agencies are hiring for so many roles at once, there’s always the chance the hiring process can drag out.
Solution
The most straightforward answer here is to tell you to stay organized, but successful staffing professionals already know that. Keeping organized helps you prioritize and ensure you aren’t letting candidates or roles sit for too long.
This is also where it’s essential to keep things transparent. If the process will take longer than the recommended two to four weeks, communicate that to your job candidates, and then make sure to keep in regular contact with them during that time, so they don’t feel like you forgot about them. Hirers need to let candidates know what to expect from the process to avoid them losing interest or moving on.
Candidates Fielding Multiple Offers
Because so many organizations need employees, the likelihood of candidates fielding multiple offers grows. Research by Glassdoor shows that 17.3% of job offers—or 1 in 6—are rejected. Offer rejection rates have been steadily climbing, and it’s safe to forecast that they’ll only go up with our current climate.
Solution
Candidates use interviews to determine whether or not they’ll like a potential employer, so ensure that the process is smooth, engaging, and insightful.
You also want to make the offer process smooth. Reach out with a thoughtful, timely offer while the candidates are still excited and buzzing from the excellent interview process. Once they accept the offer, it’s essential the background check and signed offer process don’t leave room for candidates to give other offers another thought.
Lack of Customer-Facing Position Candidates
Pandemic safety concerns, as well as a history of treating many customer-facing job applicants and employees more like warm bodies rather than valued employees, means there’s a real lack of applicants for many customer-facing positions, especially in the hospitality industry.
Solution
When it comes down to it, using the pandemic as an excuse for unfilled positions is just that, an excuse. The candidate experience is just as crucial for hourly fast-food employees or hotel workers as C-Suite executives. Treat all your job candidates like valued potential employees, and you’ll see them naturally become more engaged and excited about the prospects of working in these industries.
Check out our Tips for Engaging Hourly Employees.
Staffing organizations that support these industries may need to coach their clients to provide a different work environment and benefits than they’ve provided in the past.
Making Sure Candidates Are a Good Fit
A cardinal staffing mistake is caring more about the number of positions filled and applicants placed versus the quality of those placements. We’re not here to judge. We get it! It’s an easy trap to fall into since your professional reputation, and bottom line revolve around placed jobs.
Solution
Ensure interviews with job seekers are conversational, not just interrogational. What are the candidates’ professional goals? Fears? Wants and needs out of a future position? What do they value? Just because someone’s resume or skill sets match up to a posting doesn’t mean someone will be a good addition to the team. We know this sounds like common sense, but that doesn’t mean a reminder isn’t helpful.
Ghosting
A recent Indeed survey found that since the pandemic began, 76% of employers have been ghosted by candidates, and 57% believe that trend is only growing. 28% of job seekers admitted to ghosting would-be employers, up ten percentage points from a ghosting survey Indeed did in 2019.
Solution
Communicate often. Be personable. Be transparent—make it as hard as possible for a candidate to simply walk away. HiringThing has an entire blog dedicated to how to avoid getting ghosted by job candidates.
The Rise of Remote Work
While employees are gradually returning to in-person work, many are continuing to work remotely. Two of five employees will still be working remotely at the end of 2021. Remote work certainly isn’t new. Many staffing agencies were already working remotely, and it’s safe to say that many who weren’t were working with remote job candidates. Still, this is a significant change to the world of work, and we’d be remiss not to include it in this post.
Solution
Communicating clearly with both candidates and clients is more critical than ever in a remote environment. If you’re new to remote work, err on the side of over-communicating rather than under-communicating so that no one feels ignored.
Diversity, Equity, and Inclusion (DEI) Initiatives
Nearly 40% of companies don’t have diversity, equity, and inclusion (DEI) strategy, yet 76% of job seekers say a diverse workforce is an essential factor when evaluating career opportunities (an older ZipRecruiter study found 86% of job seekers want to work at a company that prioritizes DEI). Millennial and Gen Z job seekers will actively not pursue roles at companies they believe don’t put enough time into or have negative diversity, equity, and inclusion efforts.
Solution
The first piece of advice we have is that if you don’t have a diversity, equity, and inclusion strategy at your staffing agency, it’s time to build a meaningful one—the Society for Human Research Management (SHRM) has a great guide for developing a DEI plan. Other actionable steps staffing firms can take include:
- Guiding your clients to make their workplaces more inclusive.
- Removing bias from the questions you ask.
- Ensure the hiring process is accessible.
- Ensure you’re using inclusive language.
Learn how an ATS can help you eliminate bias from recruiting.
Not Enough Time
Reviewing applications, interviewing candidates, and negotiating salaries is time-consuming, and why many businesses turn to staffing professionals. The staffing industry provides career opportunities to 16 million employees a year, and staffing industry professionals are responsible for landing those 16 million jobs—you’ll never hear a staffing agency professional complain about having too much time!
Solution
Streamlining and organizing your job candidates is the best and most concise advice we could give, and coincidentally, you know what can help you do that? Staffing software like an applicant tracking system (ATS). An applicant tracking system helps companies find, organize, and communicate with job candidates.
HiringThing is a white label applicant tracking system for staffing Professionals. What does that entail? Here’s a primer.
Related Resources
- Ten Ways Staffing Professionals Can Benefit from a Private Label ATS
- What is a Private Label ATS?
- Talent Migration: The New Recruiting Reality
- The State of Modern Recruiting
About HiringThing
HiringThing is a modern recruiting and employee onboarding platform as a service that creates seamless talent experiences. Our white label solutions and open API enable HR technology and service providers to offer hiring and onboarding to their clients. Approachable and adaptable, the HiringThing HR platform empowers anyone, anywhere to build their dream team.