Question: Given the current job market, what challenges are employers facing in hiring new employees?  

• According to LinkedIn, the following are the top hiring challenges:  

  • “63% of recruiters say talent shortage is their biggest problem.”  

  • “76% of hiring managers admit attracting the right job candidate is their greatest challenge.”  

  • “75% of people would not take a job with a company that had a bad reputation - even if they were unemployed.”  

  • “70% of the global workforce is made up of passive talent who aren’t actively job searching, and the remaining 30% are active job seekers.”  

• Given the best candidates are off the market in 10 days, nearly 60% of job seekers quit online job applications midway due to their length and complexity.  

Question: What is the best way for employers to recruit the right candidates for open positions?  

• According to LinkedIn, the recruitment process can directly impact your hiring and people management.  

  • Email is currently the most used and most effective channel to reach candidates, with 51% of candidates ranking email as their most-used channel for hiring and 39% saying it was the most effective way to communicate with them.  

  • Many talent teams rank employee referrals as the most important source of hire, and research shows employers can expand their talent pool by 10x by recruiting through their employee networks.   

  • Employers should also research ways to shorten the hiring process. On average, 55% of the candidates believe it should take less than two weeks from the first interview to a job offer.  

Question: What are some of the challenges employers are facing in regards to employee retention?  

• According to Forbes, the United States is currently facing a Great Resignation, “spurred by the COVID-19 pandemic, this has turned employment into a worker’s market.”  

  • According to the Corporate Finance Institute, a worker’s market is defined as, “the place where the supply and the demand for jobs meet, with the workers or labor providing the services that employers demand.” 

  • As employees are deciding what’s right for them, employers are having to reconsider what actually makes their company worth working for. 

• Effective strategies to boost employee job satisfaction:  

  • Offer competitive base salaries or hourly wages.  

• Let your employees work from home.  

• Provide flexible scheduling and reduced workdays.  

• Encourage and promote a work-life balance.  

• Create a culture that employees want to be part of.  

• Reduce employee burnout.   

Question: How can CAMW! assist employers with these ongoing issues?  

• The Business Services Team at CAMW! can assist employers with hiring.  

  • Teri, please provide your expertise in the BST.   

For more information and hiring resources, visit: https://www.camw.org/