{"id":8839,"date":"2019-01-14T14:16:31","date_gmt":"2019-01-14T20:16:31","guid":{"rendered":"http:\/\/kbicblog.com\/blog\/higher-education\/?p=8839"},"modified":"2019-01-14T14:32:37","modified_gmt":"2019-01-14T20:32:37","slug":"4-hiring-strategies-when-talent-markets-are-tight","status":"publish","type":"post","link":"https:\/\/kbicblog.com\/higher-education\/4-hiring-strategies-when-talent-markets-are-tight\/","title":{"rendered":"4 Hiring Strategies When Talent Markets are Tight"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-8840 alignleft\" src=\"http:\/\/kbicblog.com\/blog\/higher-education\/files\/2019\/01\/pexels-photo-1080848-300x165.jpg\" alt=\"\" width=\"439\" height=\"242\" srcset=\"https:\/\/kbicblog.com\/higher-education\/files\/2019\/01\/pexels-photo-1080848-300x165.jpg 300w, https:\/\/kbicblog.com\/higher-education\/files\/2019\/01\/pexels-photo-1080848-768x422.jpg 768w, https:\/\/kbicblog.com\/higher-education\/files\/2019\/01\/pexels-photo-1080848-700x384.jpg 700w, https:\/\/kbicblog.com\/higher-education\/files\/2019\/01\/pexels-photo-1080848.jpg 940w\" sizes=\"auto, (max-width: 439px) 100vw, 439px\" \/>January 14, 2019 \u2013 Everyone is readying their horses at the starting gate for the 2019 race to hire the best people in the market. But with a list of tasks distracting recruiters from delivering results in an increasingly tight hiring market, many may be at their wits\u2019 end&nbsp;to find quality talent.&nbsp;A new report by&nbsp;<a href=\"https:\/\/huntscanlon.com\/ellipsis\/iqtalent-partners\/\">IQTalent Partners<\/a>&nbsp;offers four hiring strategies for recruiters when unemployment is low.<\/p>\n<p>\u201cLow unemployment means your sourcing, recruiting and engagement efforts need to be strategic,\u201d said Chris Murdock, co-founder and senior partner of IQTalent Partners. \u201cWith more passive candidates in the market, hiring will be rough no matter how you slice it.\u201d You could settle for less&nbsp;qualified applicants&nbsp;and struggle to get by without hiring anyone at all, he said, or you could follow these four hiring strategies to utilize your employees and recruit more effectively during low unemployment.<\/p>\n<p><strong>1. Move Existing Employees First<\/strong><\/p>\n<p>Internal mobility can be your greatest asset when hiring in a tight market. \u201cIf you have employees who have been with a company for a number of years, they may be ready to move on to something new,\u201d said Mr. Murdock, who has over 12 years of executive recruiting experience. \u201cThis is especially true if they\u2019ve reaped everything their current position has to offer them. Plus, transitioning them to a new role will help them learn new skills and develop their professional career.\u201d<\/p>\n<p>The IQTalent Partners report noted a number of takeaways to keep in mind:<\/p>\n<ul>\n<li>Current employees can best train new employees for the position, even if the \u201cnew employee\u201d is just an existing employee being transitioned into a new role.<\/li>\n<li>Current employees already know how the organization and company culture operates.<\/li>\n<\/ul>\n<p>\u201cBut also keep in mind not everyone is magically fit for a new position just because they performed well at their current one,\u201d Mr. Murdock said. \u201cJust like any screening and selection process, give your internal hiring process the same due diligence you would give new-to-the-company hires.\u201d<\/p>\n<p><strong>2. Source Candidates from Different Places<\/strong><\/p>\n<p>There are a lot of places that you can post your job listing or advertise your open position. \u201cI bet what instantly comes to mind for you are sites like LinkedIn, Monster.com, Indeed or ZipRecruiter,\u201d Mr. Murdock said. \u201cInstead of thinking of places by job board, think of the type of applicants and how they are segmented throughout the hiring market. Although old school, networking by phone and by email gets candidates\u2019 attention in ways many recruiters don\u2019t use anymore.\u201d<\/p>\n<p>\u201cFresh, entry-level talent is pouring out of universities, so college career boards, alumni groups and departmental networks are the best places to reach this demographic,\u201d said Mr. Murdock.&nbsp;\u201cThese candidates&nbsp;are starving for work experience and make for eager applicants. While the screening process for these types of applicants may vary, they are a great opportunity to get fresh, moldable hires.\u201d<\/p>\n<p>For underemployed talent, many graduates are still working in places like Starbucks, Scooters, retail stores and other small businesses, said the IQTalent Partners report. Don\u2019t ignore such profiles on LinkedIn just because of their current job, said the report. Check the candidates\u2019 education, when they graduated and what they majored in. You may find talent ready to be utilized in the most overlooked places.<\/p>\n<p>Related:&nbsp;<a href=\"https:\/\/huntscanlon.com\/hr-challenges-expand-in-the-new-year\/\">HR Challenges Expand in the New Year<\/a><\/p>\n<p>Are you only posting locally? Expand your job postings to platforms that reach nationally and internationally. \u201cThe more exposure your job post has, the larger your hiring market is,\u201d said Mr. Murdock. \u201cBut think strategically \u2013 casting a wide net draws in talent, but they may not be the best fit for your organization.\u201d<\/p>\n<p>Are you spending too much time finding a hire and falling behind on your other tasks?&nbsp;Leverage a remote sourcing team, said the report. The more people you have working on your tasks, the more time you have to reallocate accordingly.<\/p>\n<p>Finally, referrals are always a good way to find talent. \u201cIf you aren\u2019t using&nbsp;referral bonuses&nbsp;or a referral rewards program, employees may not be motivated enough to reach out to people they know,\u201d Mr. Murdock said.<\/p>\n<p>\u201cOnce you know where these talent pools lie, networking by phone or email are still some of the most effective ways to connect with these candidates,\u201d he said. \u201cNonetheless, there are many other ways to get in touch with these people including through acquaintances and mutual friends, meeting them at events and more.\u201d<\/p>\n<p><strong>3. Write a Good Ad and Loosen Up Credentials<\/strong><\/p>\n<p>Take a second look at your ads and everywhere they are posted, suggested the IQTalent Partners report. Ask yourself these questions:<\/p>\n<ul>\n<li>If you were looking for a job, would you apply based on that ad?<\/li>\n<li>When unemployment is low and people have many other job postings to choose from, does yours stand out?<\/li>\n<\/ul>\n<p>Related:&nbsp;<a href=\"https:\/\/huntscanlon.com\/companies-adjust-candidate-driven-job-market\/\">Companies Adjust to Candidate-Driven Job Market<\/a><\/p>\n<p>\u201cWrite attractive ad copy and turn it into something people would actually want to apply for,\u201d Mr. Murdock said. \u201cThis is especially true for ads with credentials that no one has. When HR teams post ads with high credentials, these requirements could come from other departments covering an ideal skill-set most people don\u2019t have.\u201d<\/p>\n<p>Keep your ad copy simple and concise. Job posting criteria like the following are too complex:<\/p>\n<ul>\n<li>12-15 years experience with React Native, Python, C#, C++<\/li>\n<li>7-10 years experience with NodeJS, Vue.js, Elixr, Rust<\/li>\n<li>8-11 years experience working with SEO using Bing Webmaster Tools<\/li>\n<li>Must be an active \u201cAdvanced Certified ScrumMaster\u201d<\/li>\n<li>Ph.D. in physics required<\/li>\n<li>12 other impossible criteria<\/li>\n<\/ul>\n<p>\u201cIt\u2019s best to shoot for some of the requirements you\u2019re looking for \u2013 not all,\u201d Mr. Murdock said. \u201cAn \u2018all or nothing\u2019 approach is unrealistic in a low unemployment job market. Keeping your requirements lax will help bubble your pools back up with more interesting talent.\u201d<\/p>\n<p>\u201cIf you change your ad from five to seven years of experience to three to five, you don\u2019t have to hire people with that experience,\u201d he said. \u201cHowever, you may find someone with other skills needed for the position or skills you didn\u2019t consider would be useful.&nbsp;Improve the candidate experience&nbsp;and invite them to apply instead of putting up barriers preventing them from doing so.\u201d<\/p>\n<p><strong>4. Compensation, Perks, Engagement and Culture<\/strong><\/p>\n<p>If your company is increasing the compensation to fill a position prior to any interviews, there are many more effective ways to attract quality talent without touching the salary, the report said. \u201cThe salary should fit the range of the position and its duties, said IQTalent Partners. \u201cTherefore, you should show off other things applicants find attractive.\u201d<\/p>\n<p>Related:&nbsp;<a href=\"https:\/\/huntscanlon.com\/big-challenges-ahead-for-recruiting-and-talent-sector\/\">Big Challenges Ahead for Recruiting and Talent Sector<\/a><\/p>\n<p>Flex your benefits like health insurance, dental\/vision, 401(K)\/retirement, etc. \u201cHowever, if you aren\u2019t listing perks your company culture holds, you should,\u201d Mr. Murdock said.&nbsp;\u201cCompany culture&nbsp;can be a huge asset for drawing in candidates. Perks like social work events, a beer fridge, birthday events, growth and volunteer opportunities will help make your job post more attractive and increase the number of applicants you receive.\u201d<\/p>\n<p>Nothing attracts employees more than an engaging work culture, but candidates want testimonials of what it\u2019s like to work with your company. Use that, said IQTalent Partners. Show off your current employees on your website or redirect links to videos showing what it is like to work there.<\/p>\n<p>\u201cSince employee engagement increases the rate of employee retention, this can help employees commit to your company for the long-run,\u201d Mr. Murdock said. Make sure your culture is attractive for applicants to see and apply to. Your job position should stand out. If it\u2019s not for the position and salary, it\u2019s for the company and culture.\u201d<\/p>\n<p><em>Contributed by Scott A. Scanlon, Editor-in-Chief;&nbsp;<\/em><em>Dale M. Zupsansky, Managing Editor;&nbsp;<\/em><em>Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor \u2013&nbsp;<\/em><em>Hunt Scanlon Media<\/em><\/p>\n<p><a href=\"https:\/\/huntscanlon.com\/4-hiring-strategies-when-talent-markets-are-tight\/\"><em>Source<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 14, 2019 \u2013 Everyone is readying their horses at the starting gate for the 2019 race to hire the best people in the market. But with a list of tasks distracting recruiters from delivering results in an increasingly tight hiring market, many may be at their wits\u2019 end&nbsp;to find &#8230;<\/p>\n","protected":false},"author":33,"featured_media":8840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1,366],"tags":[],"class_list":["post-8839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-client-resources","column","threecol","has-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>4 Hiring Strategies For Employers When Talent Markets are Tight<\/title>\n<meta name=\"description\" content=\"When unemployment is down, organizations must take a more strategic approach to sourcing, recruitment and engagement. It\u2019s unnecessary to settle for less\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kbicblog.com\/higher-education\/4-hiring-strategies-when-talent-markets-are-tight\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"4 Hiring Strategies For Employers When Talent Markets are Tight\" \/>\n<meta name=\"twitter:description\" content=\"When unemployment is down, organizations must take a more strategic approach to sourcing, recruitment and engagement. 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