The changing market dynamics for candidates

InterviewingDue to the impact of Covid-19 on the economy and businesses, there has been a rapid shift from a candidate-centric to a client-led market. But does the available talent match the skills your clients require in our post-Brexit world?  From their recent Recruitment Pulse survey, conducted in partnership with Talent Nexus, Volcanic, discovered recruiters are experiencing overwhelming volumes of applicants for some advertised roles.  Here they talk about this changing market dynamic for candidates. 

The survey showed:

  • Two-thirds of recruiters confirmed finding candidates is now easier than before lockdown
  • Active candidates are more responsive and open to trying new positions
  • Passive candidates are more likely to hunker down
  • Many have lost their appetite for contract positions, preferring to apply for permanent positions.

The volume of applications can make it hard for recruiters to shortlist the best talent for client consideration, whilst delivering a positive candidate experience. What steps can you take to manage applicant flow and unearth the best talent for every vacancy?

  • Ensure your job descriptions truly reflect client needs to help potential candidates assess whether they are a good fit for the role. Posting vacancies to multiple job boards and aggregators may no longer be necessary. In fact, if your website is fully optimised and job-search friendly you should be able to generate sufficient candidate flow with less reliance on external sources.
  • Having effective processes in place to manage the influx of new talent should be high on your agenda. Is your CRM an unwieldy beast that’s a pain for your consultants to use? Too much dead data could be holding you back from identifying the best available workers. Now’s the time to review your candidate management tools and implement the changes you need to make your business run with optimum efficiency.
  • Putting in place cloud-based candidate screening software can help you ensure your candidates are ready for work within the shortest timeframes possible and stay compliant.

Download the whitepaper, ‘Taking Control in the COVID Storm’ for more insights.

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