The job market has gone crazy recently! There is a war between companies trying to hire top talent for their teams. Take a moment to look at the job boards or our latest vacancies and scroll through a list of endless job opportunities, to see for yourself. In some of the advertised roles, you’ll see higher salaries, a bunch of benefits and of course remote work. As a result, hiring managers are facing significant challenges in securing top talent ahead of their competitors.
We can say for a fact that the competition is very real and is having an impact on IT firms across the United Kingdom. Employees are moving onto higher-level positions and earning above-average salaries for their experience. This is happening at all levels, from entry-level to senior and management positions.
This is something our team is seeing firsthand. We’re getting more vacancies from our partners than ever before, as well as candidates seeking to take advantage of the current opportunity-rich job market.
It appears that organisations, both inside and outside the IT industry, will have to become more creative with their hiring process. Here are some of the things we recommend looking into in order to attract new talent and retain your existing employees:
Get inventive with your outreach
If you want to hire the right talent for your team in this market, you may need to be more inventive. Have you considered forming a partnership with a local university for your junior-level roles? Using LinkedIn to contact potential employees directly to get to them ahead of your competitors?
Create a referral programme with an attractive incentive
Most companies have a referral programme in place, but is the incentive enough to encourage people to reach out? Make it worthwhile for people to work on filling your vacancies.
Make it more appealing to work for your company
Are you still hanging on to “traditional” business models? If so, it’s possible that you’ll lose employees as a result. Companies have moved away from formal business attire and towards a more casual look (unless they need to dress for a client meeting). It’s a minor adjustment that will help employees feel more comfortable in the workplace.
Is it possible to work from home?
This is a question that I am certain your employees are asking. As a result of the pandemic, workers have realised that they do not need to be in the office five days a week, and businesses should as well. It doesn’t have to be all or nothing; a mix of working from home and in the office during the week can benefit your team.
In fact, we’ve taken a hybrid approach to our week and found it to be extremely effective. Our team and the company as a whole have benefited greatly from it.
With the new job market comes a shift in pay
In order to attract and retain top talent, some businesses have increased their salaries. Don’t get left behind. Spending a little extra money now could save you the headache of trying to hire in a booming market later. Simply consider how much it costs the company to have this position left vacant.
Employee retention is key
It’s been a difficult couple of years for businesses, but it’s also been difficult for your employees. It’s time to show them some appreciation. We understand that this will be difficult for some businesses, but if you have a large influx of disgruntled employees taking advantage of the current opportunity-rich environment, you may lose momentum as a company. Employee retention will be a major topic for coming years. Now is the time to act.
Work with a recruiter you can trust
If you haven’t done so already, you should consider working with a reputable specialist recruiter. Recruiters are experts in the job market and can assist you in improving your hiring process while also keeping your current employees happy. In such a competitive job market, having recruitment specialists on your team to support your current hiring process and act as an additional component of your recruitment strategy can be crucial to attracting and retaining top talent.
Overcome these hiring challenges by getting a specialist talent acquisition team on the case. Dynamic Search Solutions is a recruitment partner to businesses in the UK and across Europe, offering an efficient and streamlined hiring process that gets you first access to the industry’s most-skilled IT professionals.
To initiate a chat about any of your vacancies, just call us on 0208 629 6000 or submit a vacancy and we’ll be in touch. Remember that you won’t pay anything until we successfully place someone in the role, so make us your trusted partner in building your talent acquisition strategy.
We would be happy to answer any questions you have surrounding the current job market, just simply send us a message online or give us a call.