Candidates currently have many options in this market and it is becoming more common for employees to frequently switch jobs. Professionals are now more informed about potential career choices and are less likely to wait for hiring peaks to begin seeking new opportunities. Employers need to understand that a flexible, proactive and fluid hiring process is the only way to provide a constant flow of the best talent to facilitate growth.
Companies often hire in response to a problem. Perhaps their pipeline may be too big for their current team to handle or they need more revenue in the pipeline and more deals closed. Other times they might be losing market share or are replacing an underperforming member of their team but want to wait to make sure it is the right choice to start over. This type of hiring is extremely reactive since companies begin the hiring process once a problem already exists and requires an immediate solution.
The Renaissance Network often hears from prospective clients who are not yet ready to hire but may be looking to add to their teams in the next few months in response to one or more of these types of problems. However, when you wait to address hiring needs you lose the luxury of waiting for the best talent and the capacity to be objective about which is the best candidate.
It is almost impossible to correctly time the market, though there will still be seasonal hiring spikes throughout the year, companies can no longer guarantee that they are getting the best talent. As the talent market currently stands, hiring managers must consider that the traditional ridged hiring processes no longer dovetails with today’s job seekers. For an organization to be a proactive talent-first organization, it must be ready to embrace constant engagement with an active job market. If this is done correctly, it will maximize the chances of finding the right talent.