Many leading firms now need to be innovative, agile and super responsive with regards to their interview process and the time it takes them to hire. It seems that many top firms are losing out to the SME world as their interview process stretches over 4-12 weeks, which is far too long. Essentially all this does is aid the smaller firms, as they strike first, decisively and buy the top level graduates and experienced hires from the market. Usually before the first interview has even been booked the targeted candidates are receiving offers elsewhere.
Sound familiar? Then why not do something about it.
Perhaps it’s down to one or two key things. There are a multitude of reasons but here are a couple that may get you thinking…
Firstly, many SME businesses can be flexible, make decisions without the restriction of governance or numerous peer group buy in/decision making. Making changes with other more sizeable businesses can take time. After all, if the attraction piece of their HR/Recruitment teams has worked for many a year, then why change it now. There also seems to be the need to receive buy in from all peer groups; which can delay the process further as availability then plays a key part. The fear of making the wrong hire, lying squarely on your doorstep, is a frightening thought for some. Understandable but it doesn’t cure the problem and the brave employer is winning the day with cute candidate propositions and a speedy process.
Secondly, perhaps larger companies also fall foul of “we are the best, we are the biggest, everyone will want to work for us…regardless of the competition” syndrome.
This is not to be mistaken for arrogance, only that some businesses are confident in their office space/benefits package and the blue sky career on offer…granted many SME’s cannot compete on all fronts. Although they can offer a role with perhaps more autonomy and daily coverage across a diverse technical and functional set of topics. It’s a known fact that the smaller companies could offer you the chance to do more, as the need to do more is prevalent as team size is smaller. Sounds like a nuance and not a real reason to join a company. Well may be but job boredom is becoming a major factor in people’s lives and a major reason why people make poor lifestyle choices and put a plaster over the negative feelings they endure during their working daily lives. Work boredom can equate to an early grave…according to some credible and very recent studies.
So why run the risk of heads being turned and losing niche hires that can take months to attract?
When it comes to recruitment ideology then change can be a very good thing indeed. It means you’ve investigated, listened and learned from your research into the market. A wise recruiter always knows what the competition are doing and will recommend changes within their own business to remain in the race.
A little analogy…
When fishing do you merely turn up and expect you’ll get the biggest and best fish if you’re slow casting your line and turn up just after lunch. Do you think that throwing the largest piece of bait into the pond will attract every fish going and they will feast only on the biggest meal.
The hungrier recruiter is throwing all of their available bait, into the pond and in one foul swoop. Wowing the fish with their attraction skills, coaxing them to take the bait and once hooked they are unlikely to let go…
We believe that recruitment trends are fickle, ever moving and ever changing in a world driven by the next social/ web trend. Could it be that the larger players in the UK market have been slower to react to these trends and don’t act decisively when they see someone good.
Agency Recruiters also play their part in the education process as they have exposure to their client’s competitor outlook. A good recruiter will not just tell you what you want to hear, they will also play a part in letting you know what the market thinks about you, what your completion do and how you can become leaner and more efficient when recruiting.
Finally, why has the trend of interviewing from first to final stage (in one day), only just caught on?
See this link regarding KPMG’s outlook. A great organisation looking to adapt, attract the best and become a new age recruiter casting off the competition – most probably with comparative ease as they not only have the proposition but they can now act decisively.
ref BBC website www.bbc.co.uk 2/8/16