How to deal with a talent shortage
We’re currently in a candidate-led market with top talent holding the cards. In recent years hiring managers have struggled to attract new talent who have the skills and experience they need – for some, this has resulted in a worrying talent shortage.
Even if you have a great in-house HR and hiring team it can be difficult for some to use the right strategies to attract new talent, and keep your current staff happy and loyal. Take a look at some of our top tips to help you handle a talent shortage.
Look at transferable skills your current staff have
There might come a time where you’re experiencing a major talent shortage and you’re really struggling with workload and running the company efficiently – if this happens you can always consider looking at your current staff.
You could take a look at transferable skills your current staff have and reshuffle the team allowing certain members to temporarily take on different work. You could also consider in-house training, a great way to improve your staff’s skills and knowledge, and again, allow them to move around in the team.
Review & Improve current job ads
The chances are if you’re experiencing a talent shortage you’ve probably been advertising roles in your company for a while, but you’re not getting as many applications as you may have hoped. It’s really important to review and improve your job ads when you’re trying to attract talent fast.
Ensure your job ad includes all vital information about the role as well as information about the kind of company you are – remember, you’re trying to sell yourself. Most people will expect to see a detailed description of the role & what experience they should have – as well as salary. Take a look at our article which discusses should salary be included in job ads.
Review & improve company benefits
Similar to above, review your company benefits. Are they in line with competitors? You need to ensure you’re offering talent a competitive package this includes salary, health insurance, PTO & bonus structure. Although company culture is important, the first thing potential employees are going to look at is the package you’re offering, and if they can find better elsewhere, you’ll lose them.
Remember to include small company benefits, this could be anything from monthly lunches if you hit targets to group incentive trips – these are
Review hiring process
You might be having a high number of applicants for your roles but notice a pattern that these applicants drop out during the process. This could be due to your hiring process taking too long. Do you have too many interview stages? Unnecessary tests considering the background of the applicants? Are you taking too long to get back to them after the interview stages?
In the current market, it is really important to be thorough with your process to ensure you’re hiring the right person, but you need to make sure your process is as polished as possible – candidates want quick processes with quick feedback – if you take too long, they’ll find somewhere else before you can even offer them the next interview.
Look at finding a staffing agency
The hiring process can be difficult and stressful and a staffing agency can make the process seamless and easy. A good agency will not only deliver fantastic talent but can also help to ensure you have all of the above ironed out. They’ll have inside knowledge of competitors hiring processes and can help you adjust yours to ensure you’re in line and not missing out on talent due to factors you can amend such as a long interview process or poor packages.
At Adapt Talent we specialize in eCommerce Recruitment, Magento Recruitment and AI Recruitment and, we have a range of vacancies.
If you’re looking to scale your business and find the best talent contact us today and we should be able to find someone to help you.
