The unemployment rate for degreed professionals is now under 5% and 1.5% away from hitting an all-time low, achieved in 2019. So what does this mean for professionals in the job market? We are currently facing a candidate’s market which means there are more jobs available in the market than people to fill them. Some influences of this candidate market include stability with current employment during uncertain times, candidates requiring remote work, and companies hiring and onboarding faster than usual due to virtual technology.
While the increased demand for recruiting professionals is great, the ultra-competitive market comes with difficulty as well. To combat these challenges, an RPO recruitment team, like Lucas James Talent Partners can help your company recruit and retain talent when the candidate’s options seem endless.
Understand the Candidate’s Mindset
It’s important to put yourself in the candidate’s shoes and take a step back to think about what you would be looking for in a company if you were actively seeking new work. Ask yourself, what is your business’ mission, culture, values? What can you offer this applicant that your competitors can’t? What do the current employees like about working at the company, what do they not like about the company? As an RPO Recruiting team, we want to make sure you are positioned to answer all these questions for the sake of both the company and the candidate.
Why RPO Recruitment Teams Are the Best Solution
When job seekers have as many options as they do in the market right now, a dedicated RPO recruitment team is a great solution for a fast and easy hiring process for your business. An RPO recruitment team is 40-60% more cost-effective than contingent recruiting models with senior recruiting specialists dedicating 100% of their time to find the best fit for your company.
Here are some reasons why an RPO recruitment team is helpful during a candidate market:
- Greater outreach – the ability to connect with resources that would otherwise not be available
- A better fit – allow more time to interview/ask questions that ensure a candidate
- Attribution costs are tremendous – save money and build a proactive pipeline with the right candidates
- Best candidate experience – provide candidates with the best experience, insights, and expertise
- Customized solution – a solution that best fits your recruiting needs in a competitive market
Conclusion: Source the Best Talent with an RPO Recruitment Team
According to the Bureau of Labor Statistics, the job market is tightening. Job seekers have plenty of options and there is no sign of the market slowing down. As reported by the “State of U.S. Hiring” survey of more than 2,800 senior managers, 51% of respondents anticipate adding new permanent positions in the second half of 2021 and 48% plan to fill vacant positions.
As we look at the facts, it becomes clear what a tremendous amount of help and value an RPO recruiting team could bring to your organization. Ensure your business will hire the right people for the job with a recruitment team of highly qualified individuals.
Learn more about how to source the best talent with RPO services at https://lucasjamestalent.com/.