How To Beat Your Competition When Attracting Talent
The competition is high regarding obtaining talent, and you will have to learn the rudiments of the game for an opportunity to attract the best. Today, having a games room at the workplace is not enough to attract top talent for your company. It would be best to dig deeper to find those elements that put you above your competitors. Reportedly, 75% of hiring managers agree that being popular within the job market is key. It also doesn’t matter if the talent is young or middle-aged. Here are some tips to beat your competition regarding attracting the best prospective employees.
1. Talk about flexible working for all
After the pandemic, the business world noticed a considerable shift in the way of work. Paramount to this move is the increased focus on flexible working. UK statistics indicate that 51% of workers appreciate flexible working arrangements. Many employees admitted to the role it plays in increased productivity. According to the cipd.co.uk site, many companies made this a crucial part of working conditions, and it has come to stay. In your case, how can you use this to beat your competition and attract the best talent? First, you must find out the type of working arrangement they have.
This helps you identify the weak areas or loopholes. The objective is to project your business and position it as a better alternative to the competition. Flexible working is invaluable to employees and any job applicant who wants those extra hours to attend to other crucial matters. Using this as a strong selling point indirectly assures job applicants of your company’s investment in staff happiness and satisfaction. This strategy also helps open doors to attract the best talent out there.
2. Pursue passive candidates
Do you know why many recruitment agencies are focusing on passive recruiting? It is believed that this targets potential candidates who are not looking to switch jobs or occupy a new position. People classified as passive candidates often have the right skill set needed in your company. In addition to that, they have relevant experience that makes them ideal for your industry. So then, why are they not searching?
Research has shown that passive candidates are usually satisfied with their current roles and positions, which is why they approach a move with a possible disinterest. They are also not in a rush into something new and require less training. As a company, passive candidates are the lifeline to your business. If you are bent on beating your competition, this is the group of people to set your eyes on. Thankfully, several agencies like Crooton Recruitment consider this in their talent funnelling processes.
3. Be competitive with compensation
According to statistics, four out of five job applicants will consider a role in a company if the compensation package is better than what they currently receive. Additionally, 8 out of 10 active job seekers consider a move because they want higher remuneration. With these numbers in mind, it is recommended to set a competitive benefits package when hiring.
While compensation is not the only enticing package, it does play a significant role in getting the needed attention from the target audience. You may want to know what it takes to determine what makes a compensation package competitive. It begins by identifying and recognising pay inequities in the job market.
Image by Peggy und Marco Lachmann-Anke from Pixabay
