September 29, 2015
April 27, 2016
As the job market pendulum continues its arc towards a more candidate-driven environment, recruiters are struggling to fill open positions with high-quality talent. In fact, research conducted on the first half of 2015 indicates that 90 percent of recruiters have taken note of the power shift, and many are making adjustments to gear the recruiting process towards a better candidate experience.
Still, offers are being rejected at an alarming rate. That leaves a conundrum — how to ensure positions are filled with effective talent when the top talent has turned you down.
In an employer-driven job market, recruiters can afford to be picky. During the recent period of high unemployment, recruiters got into the habit of mixing the knowledge, skills, and abilities they needed with the extras qualities they wanted in a new hire. Feeding this detailed list into applicant tracking systems (ATS) returned a highly-restricted list of results. To an extent, this practice was a matter of survival, as the shockingly high volume of applications for each position overwhelmed recruiting staff.
Some experts theorized that employers wanted to hire candidates who needed no training at all. As one economist put it, “To get a job, you have to have that job already.” However, the shift to a candidate-driven market makes this strategy unworkable in today’s environment.
A second look at applications from candidates with the knowledge, skills, and abilities to do the job, though perhaps not the experience on your wish-list, is an opportunity to find diamonds in the rough. With a little extra training and support, these less-than-perfect candidates often turn into strong contributors. In one study, analysts showed that after six months of employment, there was no significant difference in attrition between candidates with previous job experience and those without.
Many recruiters already use applicant tracking systems to make resume volume manageable. However, these systems are designed to match the very best talent with relevant positions, without drawing attention to almost-qualified candidates. Expanding search parameters and certain position requirements will offer a greater number of applicant results.
Your ATS is an efficient and effective method of screening job applications, but when you have a hard-to-fill position, you might need to use the system differently. Instead of approaching applicant data with the purpose of excluding all but the highest-quality candidates, tailor your searches to give you a larger list of possibilities.