The challenges of the past few years have been unprecedented, and now the current economic situation in the UK continues to create further instability. We used ‘unprecedented’ a lot during the pandemic, but who would have known that to follow would be Putin’s war, the fuel and energy crisis, death of our Queen Elizabeth II, Government instability, rising interest rates and the highest inflation on record since 1982! All these factors contribute in creating a risk adverse market, but there’s always one or two things that tempt people to consider moving jobs – the first is salary, and second is improved work-life-balance.
What’s happening right now
At SFR we’re being approached by several companies eager to fill positions that have been vacant for a while. The reason for this is they’ve been trying to recruit themselves and have found that the right people just aren’t looking. We’ve found that even as a specialist recruiter it’s more difficult to attract talent at the moment – before we would easily get 5 suitable candidates to put forward, but more recently it’s a challenge to find 2-3 potential candidates.
The reason for above is twofold: 1) passive candidates are happy, content with meeting their targets and bonuses; 2) in an uncertain market people tend to hold on to whatever stability they can in their lives – passive candidates look at the news and decide it’s just not worth the risk – moving jobs is just not on their radar. Putting these 2 factors together, what would encourage people to move jobs right now? It’s difficult for companies to find suitable candidates when they are not even looking, they often need a recruitment agency to reach-out to prospective candidates. But, what else do they need to do?
ATTENTION. Consider if your job vacancy is attractive enough?
In today’s climate, it will take something amazing to encourage candidates to apply. With the rising cost of energy and price inflation it’s a worrying time, but the possibility of earning extra cannot and will not be ignored, also the chance to work closer to home (less commuting time and flexible working) gaining a better work-life-balance. Ask yourself if your vacancy is attractive enough – does it take into account the rise in the cost of living – and is it worth moving for? With these things in mind companies need to revisit the packages they are offering and not just benchmark the same as a competitor, they need to better it. People just won’t move for the same salary and conditions; it has to be worth considering.
Risk Vs Reward – working with a recruitment specialist
Our advice is to weigh up risk versus reward. Moving jobs is always a risk for the candidate – will they like the job? Will they enjoy working at the company? Are they financially stable? Will they get along with their new boss and co-workers? Will they offer flexible working when I need it? At SFR we put both our clients’ and candidates’ needs at the heart of the service we provide. We manage expectations of both the candidate and the client, carrying out that vital ‘middle dialogue’ that helps both parties reach an ‘acceptance’.
In today’s market we advise companies not to be stuck on a set salary, and we say to candidates be open-minded and focus on moving-forward with their careers within a financially stable company. We could be stuck in this situation a while and it’s not wise to put lives and careers on hold for long. A company that pays a recruiter to find the right experience, will be thinking of the long-term and finding that perfect match is worth the outlay of the recruitment fees.
When using a recruiter such as SFR we can help support candidates throughout the process and can help negotiate on your behalf to make the job move worthwhile. A good recruiter will never force square pegs into round holes, it has to be the right – for the candidate and the company. That is why at SFR we are industry specialists and pride ourselves in getting to know all of our candidates and taking the time to find out what their career aspirations are. When a job opportunity comes in there’s a good chance that we already have a perfect match in mind, but the salary package has to be attractive. Offer only an average package and expect an average candidate – logical right? The best experience is gained by companies being flexible with salary and benefits, an offering more to gain more mentality.
If you need help with recruiting or finding your next job role, get in-touch with SFR Recruitment Solutions. Matthew, Jamie and Lorna are ready to talk through your recruitment dilemmas or career progression aspirations.
