With the end of the year quickly approaching, many job seekers are taking advantage of the plethora of job openings and looking to make a move. If you are searching for a new job, the world is your oyster! Now is an excellent time to reshape your career by moving to a new industry or securing a pay bump. However, if you are a hiring manager, you are probably at your wit’s end. From making counteroffers to completely redesigning office spaces, companies are going all out to lure new candidates. But are these drastic measures enough to be competitive in today’s wild labor market? Here are a few steps you can take to combat the Great Resignation.
Streamline your hiring process
It’s a candidate-driven market, and that means job seekers are in the driver’s seat. The best candidates on the market will not wait around while you drag your feet. In today’s market, candidates have several opportunities in play and are entertaining multiple offers. If your hiring process is lagging, the candidates you think are on the hook will flop off at the last second. To combat this, you must simplify your hiring process. Take a 1,000-foot view of your process and eliminate any unnecessary steps. Can you forgo an onsite interview for a video call? Are there parts of your application process that are redundant and making people fall off? Put yourself in the candidates’ shoes and see what your team can do to improve the experience of your process.
Create competitive offers
Another easy way to combat the Great Resignation is by presenting your candidates with competitive offers. Since the best job seekers have multiple things in play, now is not the time to lowball your candidates. If you want to onboard them before another employer snatches them up, build a competitive offer from the very beginning. To beat the competition, you must meet (or exceed) your candidate’s compensation expectations. Also, it’s essential to review your team’s current compensation packages and ensure they are up to par. If you notice a spike in resignations, it may be time to overhaul your salary and benefits packages to avoid costly turnovers.
Focus on career development
During the pandemic, many people reevaluated their career goals and took the plunge to shift directions. It’s impossible to retain every employee after such a life-shattering event. Still, your team can take steps to help employees make lateral moves to satisfy their new career ambitions. Whether that’s employees switching to another department or tackling additional responsibilities, it’s imperative to support these transitions.
Your team can also offer training and other resources to help your employees hone new skills. Supporting new training programs will make your employees feel valued while helping them develop valuable skill sets. Investing in your current employees is one of the best ways to combat the great resignation and attract new employees in a competitive labor market.
Want to be a little more proactive?
The best offense is a great defense in this tight labor market. If your team is ready to tackle the Great Resignation head-on, partner with a recruiting firm! Whether it’s a temporary staffing need or a critical direct-hire role, JSG can help your company find the talent you need. Reach out to us today to learn more about how we can be your best ally in this market.