New research supports what many recruiters are already concerned about: a lack of qualified talent for job vacancies. Today, we’ll look at that research.
7 Surprising Facts for Companies Looking to Hire
Although 76% of full-time, employed workers are either actively looking for a job or open to new opportunities, nearly half (48%) of employers can’t seem to find the workers they need to fill their job vacancies. A new study from CareerBuilder highlights seven important facts every employer should know as they’re trying to connect with jobseekers.
Announced in a press release, CareerBuilder’s 2016 Candidate Behavior study, was conducted by Inavero between February 5, 2016, and March 1, 2016, and included more than 4,505 workers aged 18 and over, and 1,505 hiring decision makers.
“Job seekers may have more of an edge in today’s market as employers grow increasingly competitive for labor—but need to follow new rules of engagement,” said Rosemary Haefner, chief of Human Resources for CareerBuilder. “For employers, it’s important to remember that the candidate experience starts from the very first click and can impact how effectively a company is able to recruit quality candidates, the popularity of its employer brand, the strength and quality of its referrals, and even its bottom line.”
Must Knows for Employers
Here are three of the seven facts every employer should know about the candidate job search experience:
- Candidates are less likely to jump through hoops. The market has become more employee-centric, and candidates are quicker to drop off if the application seems too cumbersome. One in five candidates said they are not willing to complete an application that takes them 20 minutes or more, and 76% want to know how long it will take them to finish an application before it starts. However, the majority of jobseekers said they would be willing to endure a lengthy application process if the company is offering a higher base salary.
- Candidates move on quickly. An inefficient, slow-moving hiring process will kill your recruiting efforts. Sixty-six percent of jobseekers said they will wait less than 2 weeks to hear back from the employer before considering the opportunity a lost cause and moving on to another.
- If you’re hard to find online, candidates will be, too. Most candidates (64%) said after reading a job posting, they will spend time researching before applying. If they can’t find the info they need on the company, 37% of all candidates will just move on to the next company or job listing. Your company career site and social presence must be strong.
Tomorrow we’ll look at the final four things that employers have to know about their candidates.