Why It’s So Hard to Find Top Talent Right Now
Finding and Hiring Good Talent
It goes without saying that nothing is more important to your company’s success than the people you hire. No matter how popular your product or service is, dedicated and talented people are required to maintain the quality your business delivers to consumers.
Unfortunately, it’s seeming to be more difficult than ever to find these talented people. This difficulty has forced many managers and companies to reconsider their talent finding and hiring strategies. However, even a reformulated strategy can fail to acquire the right talent if it’s not informed with accurate and up-to-date information.
That’s why understanding some of the reasons managers can’t find good talent is essential to overcoming this present-day hurdle. In order to help you formulate a more effective talent finding strategy, we’ve compiled a list of the Top 3 Reasons It’s So Hard To Find Good Talent Right Now.
3 Reasons Companies Can’t Find the Right Talent
Knowing the causes of your talent-finding challenge is the first step in overcoming it. Here are three of the most common reasons and a few tips for eliminating them.
It’s a More Transient Workforce
There was a time when employees found a good position and remained with the company for many years, often until retirement. This is no longer the case. Today, employees are much more willing to jump from job to job in pursuit of advancement, better opportunities, and the ideal situation for their current wants and needs.
Here are two ways you can begin to retain a good workforce:
From the beginning, place a strong emphasis on what your company can do to further a talented employee’s career over the long-term.
When trying to fill positions that require high-level talent, make sure it appeals to the desire of today’s workforce by offering telecommuting, more vacation days, and flexibility.
A Lack of Local Talent
Many companies are located in areas that are not populated with the kind of talent necessary for your workplace. Although many talented prospective employees are more than willing to relocate, a high number of them prefer to stay close to home.
If there is a dearth of talent in your local area, it is still possible to find highly qualified people. The first way to do this is to expand your talent search to include as wide an area as possible. Another way is to research the salaries and benefits that are being offered in high talent areas and make sure that what you offer is competitive. If you want to attract the best talent to your location, you may just have to make your candidate an offer he or she can’t refuse.
Too Few Resources Dedicated to Finding Good Talent
Finding good talent takes time, money, and consistent focus. If your company isn’t supplying HR departments with enough of these resources, your options will continue to be limited. Your company may be allocating too many of its resources to technology and marketing, and not enough to talent acquisition and retention. Don’t neglect this vital operation of your business.
The solution to this is simple — devote more resources to talent acquisition. And if you don’t have enough internal resources, consider hiring an outside employee recruiting firm to help you. Having a dedicated focus, that may also be highly specialized in the types of positions you’re trying to fill, can be a real game-changer for the kinds of new hires you bring to your team.
Conclusion
Before you can start to find and keep good talent, it’s necessary to understand why your company may be experiencing a drought. Is it generational? The local demographic? Not enough resource spent to hire good talent? Perhaps something else? Once you can pinpoint what’s impacting your ability to hire the kind of talent you want, you can tackle it head on. Otherwise, you’ll continue to experience the same difficulty.
The bottom line is that while the workforce is unlikely to change their tendencies, expectations, and demands, you can make the necessary adjustments to become exactly the type of company your ideal candidates want to work for.