Even in this market some operations are having a hard time attracting talent. If this is you I am going to share with you the Big 3 reasons why you might not be attracting the talent you are hoping for.
Now I must warn you, these might not be easy to read and your first reaction might be to dismiss them. Don’t! If you can be honest with yourself about your business and procedures, be accountable to your business and be brave enough to make changes these can have a real and measurable impact.
Deep breathe… and here we go.
#1 Over-Advertising or Advertising in the Wrong Places
Over-advertising – have you ever visited a job board and noticed that one company has just posted 20, 30 or 50 jobs. Believe it or not some companies consider this an effective strategy and it is – if you do it once. But then they do it again and again and each time they do it fewer people apply until the 50 jobs they have posted attract virtually no suitable resumes.
Here are some facts for you – 19% of Exec & Managers in our industry are more likely to apply to jobs when they are advertised in this fashion. Yep a whopping 19% think that this is acceptable. Would you purposely eliminate 81% of your candidate pool?
Posting your job on every job board (paid and free) has the same effect. I often hear from candidates “they must be having a hard time finding someone; I have seen that job advertised everywhere.”
The perception in the market is that you can not find people and that discourages others from applying. Exposure is good, over exposure – bad.
Which leads to Advertising in the Wrong Places. If you are advertising for a high level employee, putting your ad on Kijiji might be sending the wrong message. Use the right resources for the position you are looking to fill.
#2 Compensation Package
Yes, even in this market people know what they are worth. People that are taking low salaries now will be the first out there looking as the market recovers. You haven’t hired a dedicated employee; you have hired and trained a temp.
Even though employment is down, salaries are up. People who are experienced, talented and get results know their value and will not apply for a job that offer a compensation package that does not offer them what they feel they are worth.
Today’s employee understands what they are worth and they will search until they find an employer who will reward them for their experience even if they are working for you now.
If you have used the past year to bargain hunt and build a team you might find yourself in a tough position once the markets start to recover as all of your temps go out to find better opportunities.
#3 Reputation
If no one is applying, if your current employees are not referring their friends and colleagues you might have a bad reputation in the market place. People talk, especially hospitality people. They know who the good employers are and who to stay away from; they know where they will get treated fairly and where people enjoy their jobs.
Check the temperature of your operation. How many referrals have you had in the past year? Some companies offer $ for referrals and still do not get any, what does that say abut your culture and reputation.
If you have a bad reputation here is something to consider. 34% of Execs and Managers find their job through their network, by talking to other industry people. That is the single most effective way to find talent. By comparison 27% find their job through job boards. If your work of mouth is not positive you are missing out on that 34% of cost free recruiting.
Take the time as assess how you recruit, what you offer and how your company is viewed. If you can be honest about what is really going on it can be the difference between great talent and poor talent. Which in turn is the difference between success and, well you know the rest.
One final point. There are companies out there that do not need to look outside of their business for talent. But when they do advertise a position, people “line up” to apply. You know who these companies are and I don’t think you can argue that these companies have a great reputation, pay fairly and do not over advertise
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