Bracing for Another Tight Labour Market

Western Canada is about to brace itself for another labour market crunch.  Search assignments are up but candidates are not available to fill.  After a two-year run in an employee market, employees are back on top as the industry once again struggles to find the right people from a finite group.  The effects to hiring practise start to change again, taking new dynamics requiring that we clarify for our clients and potential clients the following changes to their recruiting methods:

1)      Urgency is Key:  Great candidates whether found by a firm or the hiring organization will have multiple opportunities and/or offers.  Decisive decision making and evaluation is needed to secure your candidate of choice.

2)      Act on Your Decision Today: The last couple years hiring managers had the luxury of ‘waiting till tomorrow’ to make the phone call to the candidate for an interview or offer.  Waiting may cost you a great candidate today because by the time you start working tomorrow, the candidate may be out of the market.

3)      More than a Posting Required: Posting a job is not enough in a tight labour market.  Access to hidden candidates becomes a critical recruitment component – this takes perseverance and time.  Some quality candidates are in the market looking, however, many more are not actively engaged and simply waiting to be found.

4)      Retention Race: A tight market is as much about getting good candidates as it is about retaining great employees.  While organizations are using the list of top ways to poach your employee, you need to be equally resilient in maintaining strength of retention.  It is always harder to replace what was lost, then keep what you have…especially great employees.

This is where, we, the recruiters of the world create the greatest value.  Our industry is all about urgency, acting today, and finding, not sitting and waiting.  At Executrade, we also have a strict policy regarding solicitation of client employees, we do not attempt to take great talent, only strengthen clients with it – a comfort policy as we build relationships.  As recruiters we have a great deal to offer, but in a tight labour market, our stock value increases 10 fold.  In a tight labour market, having a specialist gives our clients an advantage over those who don’t.

Simplicity would suggest, if you want a job done right, ask a specialist.



Your Recruitment Specialists

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