Today’s marketplace comes with unique challenges for those companies continually seeking to hire only the best and brightest candidates.
Hiring the best and brightest has always presented obstacles and challenges, but events around the world and within the economy in 2020 have created special circumstances that have made hiring superstar candidates even more difficult for some companies.
The reason: they’re having trouble accepting the “new math” of today’s marketplace.
With the flood of unemployed people in the market right now, companies are being inundated with applications from eager job seekers. The adverse side affect of this: company officials are more likely to believe that they have their pick of candidates for their open positions.
In one way, that’s true. They do have their pick of candidates . . . but do they have their pick of superstar candidates? The answer is “No,” and the “new math” of the marketplace illustrates this.
Let’s say, for the sake of argument, that there were 100 superstar candidates in your industry at the beginning of 2020. Then in March, the COVID-19 pandemic began. As a result, unemployment skyrocketed in many industries and the number of active job seekers swelled.
Now—how many superstar candidates would you say exist right NOW within your industry? Still 100? Maybe 110? This “new math” equation could be shown as follows:
x# of superstar candidates + pandemic/recession of 2020 = x# of superstar candidates
The pandemic and recession produced a greater number of unemployed, and in most cases, unqualified candidates. It did not produce an influx of superstar candidates.
Passive superstar candidates are just as difficult to recruit and hire now as they were at the beginning of 2020. In fact, it might be more difficult now than it was then.
Does your recruiting and hiring process take this into account? Or do you treat passive superstar candidates the same way that you treat active job seekers?
The answers to these questions could be the reason why things just aren’t adding up.
If you’re looking to hire exceptional candidates, then we invite you to connect with our team today and see what The Doepker Group can do for your organization.
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