A recent LinkedIn survey revealed that October has the highest number of job openings on the LinkedIn platform. Moreover, the majority of hiring managers (89 percent) filled these roles in less than a month. So, as a hiring manager or human resources professional, how do these statistics affect you and your business? It means you have some competition! So, if you are one of the many companies having a difficult time filling your vacant roles, here’s how to navigate today’s job market as we enter the 4th Quarter.
Eliminate hiccups in your hiring process
In today’s labor market, it’s essential to have a streamlined hiring process. You simply cannot afford to take your time when making hiring decisions. In today’s world, candidates actively on the job market are juggling multiple interviews and potentially, several job offers. To ensure you aren’t missing out on strong candidates, schedule interviews quickly, have close communication with candidates, and send out official job offers immediately. Now is not the time to drag your feet and take your sweet time. If a great candidate interviews for an open position, extend an offer to them. Because if you don’t, another employer will, maybe even one of your competitors.
Utilize contract workers
Has your team ever used or considered hiring contract workers to fill your critical positions? Utilizing contractors is an excellent way to fill your critical positions quickly. When hiring contract workers, there are fewer obstacles to go through during the hiring process, and it gives you’re the opportunity to “try before you buy.” They help you keep production going while you continue to find a permanent person for the position. However, if the contractor works out well and is an excellent fit for your team, you have the opportunity to bring them aboard fulltime.
Plus, by using contractors, you avoid the costly cost of vacancies that can really hurt your company’s bottom line over time. This is especially true for all the employers out there with several job openings. So, by hiring contract workers, your team can keep your day-to-day operations running smoothly and avoid throwing thousands of dollars out the window due to the cost of vacancies.
Be active, not reactive
In today’s job market, you cannot be passively recruiting on your open roles. Unfortunately, with a 50-year low unemployment rate, you cannot post a job opening and sit back and relax. You must be actively recruiting on your roles if you need talent showing up at your door. It’s a candidate-driven market, and candidates can pick and choose which opportunities they pursue.
If your team simply doesn’t have the bandwidth to fill your open positions, partner with a recruiter that specializes in your industry. We have an experienced team of recruiters here at Johnson Search Group that are ready to find the candidates you need to keep production running strong in the Fourth Quarter. Ready to have a conversation about how we can help you compete throughout the month of October and beyond? Contact us today.