Have you seen Ira Wolfe’s blog How many job applicants does it take to find one qualified candidate?
“The “war for talent” is heating up even in the midst of high unemployment. According to an article last week in the Wall Street Journal, it takes many more than most employers think (or at least want to accept.) I repeat – a lot more. The actual numbers are numbing.
For example, an infographic presented in the article revealed that it takes approximately 1,000 online views by candidates to get 100 candidates to complete the application. Out of that, 25 applications are selected for review, then 4 to 6 candidates are recommended for an interview. When all is said and done, companies may find their one diamond in the rough only after 1,000 candidates view the job posting. If those numbers hold up, it is clear that the impending war for talent is no longer imminent or pending. It’s here today.”
Does your HR team have the time for this? What new processes are you using to manage this? It is enough?
What are outside recruiters doing to manage it?
At Hampton & Associates, we narrow the field before we begin inviting people to consider the role. We hunt instead of fishing.
What do you think of this?
Drop me a note if you need some help narrowing down the field!
- War for Talent Continues in BRICs (talent2050.net)
- “Straight from the mouth of an employed job seeker” – Blogs – Community – ERE.net (hamptonexecutivesearch.com)
- How PR Can Help Your Company Attract Talent….and Increase Sales (forbes.com)