Steps for Recruiting Talent in a Tight Labor Market

It is no secret to you that, even before the 2020 pandemic, the European labor market was already tight. The immediate aftermath of nations ...

It is no secret to you that, even before the 2020 pandemic, the European labor market was already tight. The immediate aftermath of nations emerging from quarantine exacerbated the worker shortage just at a time when businesses wanted to get back to full capacity and expand. Finding the right people to fill key leadership positions has become a prime concern, especially when there is so much competition now for those executives who have a true entrepreneurial spirit. There are also plenty of tools available for searching, with the digital landscape littered with search boards. Still, there are a couple of important insights to bear in mind and some subtle steps to follow in finding the right candidate.

Employment Professionals Have Not Disappeared

One of the first things to consider is that employment recruiters are still available. To be sure, the convenience and open accessibility of the internet, along with some popular career search engines, have made yesterday’s “employment agency” seem obsolete. In reality, as the current labor market crunch demonstrates, an experienced, professional recruitment agency has never been more necessary. Consider this parallel: if you want to cook a meal but you do not really know your way around the kitchen, would you not appreciate having a top chef help you select groceries and prepare the food? If you are serious about finding a top candidate for a position, you probably require the assistance of professional recruiters.

Different Types Of Employee Searches

The need for assistance in locating the right candidates is never more essential than when you are seeking the absolutely correct person for a key position. In this case, beyond an employee search, you are engaged in an executive search. These searches will definitely impact the future welfare of your firm. You may be interested in knowing that more European companies and executives rely on agencies for executive recruitment than for other employee searches. More than one-quarter of top executive leaders are hired with the assistance of agencies.

Steps For Recruiting Talent In A Tight Labor Market

Chances are you know the routine: you or your agency posts the executive opening and then searches for available candidates. Qualified candidates go through your specific series of evaluation tools, tests, and interviews. Here are a few additional steps suggested by a wide-ranging group of HR professionals who shared their techniques for finding and hiring the best candidates:

• Bear in mind you are not hiring someone to write resumes. Focus on the applicants' demonstrable achievements that relate to your needs.

• Take the candidate out of the work setting. Conduct some portion of your interviews in a casual setting so you can interact with and observe applicants in the real world.

• It is essential to watch for open-mindedness in approach to challenges.

• Focus on candidates' personal future goals beyond their past accomplishments.

• Look for the fit. While diverse applicants bring in fresh ideas, the ability of an executive to enjoy and interact successfully with current staff works for everyone.

Experts Predict Continued Tight Market

No economic prognosticator predicted the global economic shutdown of 2020. To be sure, there are a number of unanticipated possibilities that can impact your efforts to conduct business in the coming years. One trend that has been forecast worldwide by some of the most insightful predictors is a continued tight labor market. The conventional anticipation is that acquiring the workers you need will be something of a struggle through the end of the 2020s.

Of course, this does not mean good help is impossible to find. Rather, it implies that you will want to engage in productive, focused job searches and utilize the best recruitment professionals available.