Why You Need to Give Feedback in a Candidate Driven Market

Why You Need to Give Feedback in a Candidate Driven Market

Big shifts in the dynamic of hiring have occurred in the last decade. The recession led to employers being in control of the market and now the economic recovery is turning the tide and candidates are in the driver’s seat. Today many employers and experts talk about the employment gap and the inability to find qualified candidates for their open positions. However, experts believe that the responsibility for the skills gap may actually lie with employers and their hiring procedures. Here are a few of the reasons why feedback is critical in this new market.

  • Too much time. Decisions made too quickly can result in poor hiring choices but taking too long to decide also affects candidates’ availability. It is important to respect their time and provide feedback early and often. Be timely when setting up interviews and never leave anyone waiting and wondering. No one will put their job search on hold so if they don’t’ hear from you they may accept another offer. It is also good practice to provide feedback to the candidates who did not make it past the interview process. This gives them closure and perhaps some ideas to improve.
  • Company culture. In the employer-centric market model there was a focus on what the candidates could bring to the table. Tables have turned and it is important to sell what you can offer to candidates. Someone who does not get along well with the existing team will cause major problems in the organization long-term. Attract candidates to your company who share your corporate values and fit in well with your existing company culture. . Be sure to discuss what makes you different from your competition.
  • Too little money. During the recession companies felt the need to cut salaries and offer lower rates to incoming employees. It was necessary to cut costs to keep the businesses running. In fact, businesses who did this were more likely to survive the recession than those who didn’t. However, once recovery began some organizations did not restore salaries and made lower than recommended offers to new talent. Experts believe this salary inequality is the real cause of the skills gap. Before making an offer research the averages in your area and determine how you can fit a new employee into your budget.

Do you want to know more about hiring the best candidates? Contact ProSource staffing agencies in Deer Park Texas to learn more!

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