You don’t have to look far to hear news about the massive worker shortage facing employers. Many business owners bemoan the lack of qualified candidates — and when they encounter attractive candidates, the expectations they seem to have. It’s become clear that times are changing. It can be tempting to feel a sense of defeat when addressing workforce shortage, but these challenges simply call for innovative recruiting strategies. In order to overcome the talent shortage, recruiters need to understand it. Read on for more information on what recruiters can do to combat these problems.
Candidates Want Job Security
It’s unfortunately true that the employment market is more uncertain than ever, and this isn’t particularly attractive to job seekers. Many businesses have struggled to stay afloat and maintain a profit in the midst of the pandemic — so what’s to guarantee that a new hire will still have a job in a few months? Job seekers don’t want to go through the trouble of applying, interviewing, and training for a new position if there isn’t any job security. This poses a unique challenge for small businesses, but it also means that employers can stand out by offering security to potential candidates.
Job Candidates Are Looking for Better Opportunities
Job security isn’t the only thing employees want. More job seekers are walking into interviews with nonnegotiable expectations regarding pay, benefits, and hours, too. Simply put, job candidates are looking for better opportunities — and in the current climate, most of them understand that they don’t have to settle for a lackluster opportunity. The talent shortage would likely be over much faster if employers improved the wages and benefits they offered to prospective hires.
The Best Candidates Have Better Ideas
The pandemic allowed many workers to explore new ideas and develop their talents following business closures and layoffs. For many top corporate employees, this often resulted in the pursuit of entrepreneurial endeavors and other opportunities. The best and the brightest suddenly realized that they had options beyond working for somebody else — and now, many of these professionals are unlikely to return to a traditional workplace environment. Indeed, this is a major loss for the workforce, and it forces employers to offer opportunities that eclipse the appeal of entrepreneurship.
Experienced Candidates Are More In Demand
As many of the aforementioned top employees exit the workforce, many of the remaining job candidates seem to lack the experience necessary to succeed in the workplace. Inexperienced workers can be costlier to hire and train, and in some cases, they may even pose a liability. Though staffing liability insurance can offset these and other common recruiting liabilities, the need for experience personnel remains. Employers can find the right candidates by boosting the benefits and perks for jobs that demand experience.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.