Finding great talent in any market can be challenging but finding great talent during a candidate-driven market is almost impossible. That’s why many companies partner with Hollstadt Consulting to get the help they need to find the right talent, at the right time. In this blog, we’ll share some tips that hiring managers can put into practice to ensure they aren’t losing out in the tight talent market.
Tip 1: Evaluate Your Hiring Process
In today’s frantic search for top talent, we know that speed matters. CIO says, “A fast hiring process enables you to make a bid almost as soon as talent becomes available, meaning you’ll beat competitors to the offer.” To cut down on the time-to-hire and ensure you are able to scoop up the best talent, we suggest:
- A quick turnaround on resume reviews. Candidates are on the job market and off quicker and quicker these days, so the faster you can review candidates and decide who you want to meet, the better.
- Reducing the number of interviews. Candidates have lots of choices right now, so when you find a candidate you want to meet, try to get all the key decision makers in the room for one interview round. And then, make a speedy decision.
- Shifting to a sales mentality. As a hiring manager, it’s important to “sell” the position to the candidates. Discuss why your team is extraordinary, the amazing projects you are working on and the mission/goals of your company. Don’t just assume the candidate is lucky to be chosen for this job. While it’s important to find the right fit for both parties, it’s important to remember that candidates have options in today’s market.
Tip 2: Be Flexible
It’s also important to be flexible. The goal is to find the best talent and one way to ensure you land them is to be willing to address these common barriers as they arise:
- Ensure you are up to speed on the going rates to attract and retain the best consultants. Understand what you’re willing to spend for the right candidate, or in some cases to KEEP the right employee. The more flexibility you can have in this area allows you to go after the rockstar candidates with confidence.
- Remote Work. Whether it be hybrid or an out of state remote workforce, being transparent about your expectations up front and having flexibility in hiring remote talent, clients can expect a larger universe of potential consultants to choose from with a greater number of specific skillsets and sometimes more flexibility when it comes to rates.
Tip 3: Partner with a Firm that can help add Value:
When hiring a contingent workforce, you shouldn’t have to go through all of these things alone. Finding a great staffing partner will not only help you find the right talent, they can help take a lot off of the hiring manager’s plate.
- Hollstadt’s proprietary screening process cuts down on the amount of vetting and interviews our clients need to conduct making hiring an efficient and speedy process when it needs to be.
- We also get to know you and your culture so we can proactively sell your company’s mission, brand and values to the candidate. That way they are already bought in by the time they meet with your team.
- Our account managers work closely with your hiring team to do market research and suggest the going rates to attract and retain the best consultants. We’ll always be transparent on what we’re seeing in the market so you are armed with the facts.
- Hollstadt can also handle pay negotiations up front and on your behalf so you can focus on finding the right fit and have confidence they are in line with your budget.
- Not all consulting firms have strong benefits, training and career development for their consultants. Hollstadt does. Work with a firm who will find you great talent but also ensure they stay and are well taken care of.
Although the talent market is tight, it is possible to find exceptional consultants with the expertise you need. If you are interested in learning more about how to find the right talent for your next project, we’d love to hear from you! Contact us to find out how we can help your reach your resource and business goals.