How to resolve recruiting challenges during the great resignation
After struggling through lockdowns, you’re ready to make up for lost revenue as the economy opens back up. But now, instead of a lack of customers, you’re facing a lack of employees.
Suggested resource for hiring strategy: How to build HR flexibility and resilience post-COVID
Sound familiar? If you’re a business facing recruiting challenges during the Great Resignation, you’re not alone. Here’s how to resolve recruiting challenges during the great resignation with minimal resources.
History in the Making
Industries are experiencing a mass exodus of employees and struggling to fill empty positions.
In April of 2021, 4 million Americans quit their jobs. In May, another 3.6 million Americans turned in their notice while June saw 3.9 million employees call it quits.
While nearly every industry is feeling the sting of the Great Resignation, some industries are being affected more than others. Retail and hospitality industries are experiencing some of the largest fallout numbers, accounting for almost 750,000 of April’s resignations alone. Other struggling industries include manufacturing, technology, and healthcare.
With a Gallup poll finding that 48% of America’s working population is actively job searching or watching for opportunities, this historical trend is likely to continue.
It’s About More than an Empty Office Chair
The effects of the Great Resignation are making it nearly impossible for already-struggling businesses to strengthen their foundation, let alone grow.
Some are feeling the financial effects of offering higher salaries and additional benefits to attract employees. Others are feeling the mental toll of burnout.
According to Glassdoor, the average company spends about $4,000 hiring a new employee. With 10.1 million job openings reported on the last day of June, businesses are about to pay a massive price for the Great Resignation.
Introducing the 3 Easy E’s for Solving Great Resignation Recruiting Challenges
Curtailing the Great Resignation’s smothering effects requires a combination of retaining current employees and hiring great new employees. Try our 3 E’s approach explained below.
- Excite – Create an authentic atmosphere that inspires and excites. Your first goal should be to boost internal morale. Then focus on how to present your work environment as an added benefit to prospective hires.
- Explore – Do you ever look inside an empty refrigerator over and over, hoping to discover a miraculously materialized snack? Many recruiters use the same approach to finding applicants.
- Engage – When you come across a candidate that could be the perfect addition to your team, fast and simple communication is crucial.
Suggested reading candidate engagement: Why candidate engagement is critical: How to measure & improve
Not all industries are fairly represented on popular employment platforms, including those greatly affected by the Great Resignation. If the same old job boards aren’t presenting qualified candidates, it’s time to broaden your search.
Meet Arya Quantum
Arya Quantum is an AI recruitment tool businesses are using to address recruiting challenges during the Great Resignation. Arya Quantum scores candidates from more than 750 million job profiles worldwide, including 60 job sites and professional networking sites.
With the Connect communications dashboard in Arya Quantum, you’ll be able to connect and engage with prospective employees via phone calls, text messages, emails, and chatbot.
Book a demo today to see how Arya Quantum can help you identify, analyze, and source better candidates in less time.
Resources
- https://www.reuters.com/business/us-job-openings-jump-new-record-high-hiring-increases-2021-08-09/
- https://www.cnbc.com/2021/06/09/4-million-people-quit-their-jobs-in-april-to-find-better-work.html
- https://www.businessinsider.com/job-quits-in-may-2021-one-job-opening-per-worker-2021-7
- https://www.cnbc.com/2021/08/10/another-3point9-million-people-quit-their-jobs-in-june.html
- https://www.gallup.com/workplace/351545/great-resignation-really-great-discontent.aspx
Popular posts
