One thing that separates successful leaders from those who are average is how they approach hiring new talent. Great leaders know just how critical hiring talent is to the success of an organization. Yet, the degree of difficulty involved in finding top-flight candidates is significant. Many of them understand just how important it is to get help from industry specific recruiters. In this market, you can’t afford to be complacent or the best candidates will already be off the market. If you’re experiencing any of the following issues, then you probably need help hiring.
1. High Turnover
The first red flag that we see is unsustainable employee turnover. It typically indicates that there’s underlying issues with the selection, onboarding, and training processes in an organization. But, it’s just not realistic to assume that all of your employees are going to retire with your organization, so it’s vital to compensate for some employee turnover, and it can actually be beneficial in some cases. For example, you don’t want to keep employees that are consistently underperforming or aren’t a good fit with your company culture. Lack of employee engagement, recognition and development are some other common reasons for unhealthy turnover.
2. Not Securing the Talent You Need
Create a list of the hard and soft skills that are required to be successful in your company. Break away from the habit of sourcing active candidates. Don’t just rely on posting to job board, because the talent you need is probably already working somewhere in the industry, and it takes a special approach to recruit those people. For instance, it’s essential to show employer value to attract passive candidates.
3. Desired Candidates Don’t Accept Your Offers
Having an inefficient hiring process is another reason why the most qualified candidates reject offers and go with other companies. Your time to hire shouldn’t take 60+ days. If that’s the case, then it’s probably time to reevaluate your hiring process. Determine what steps are superfluous and adjust accordingly. Ensure that you learn the needs and wants of each candidate. Then, focus on making a good first impression and showcasing what you have to offer. The best candidates tend to accept offers with companies that have an established positive company culture. Research current compensation statistics for job titles to be sure you are offering the most competitive packages in your industry.
Are you looking for top talent in the Specialty Chemical, Plastics, or Animal Health industry?
Contact us to discuss how we can bring top leadership talent to your team. Boaz Partners is a premier executive search firm focused on the direct recruitment of executives and professionals for the specialty chemicals and plastics space. We are your partner, and our focus is on custom recruiting solutions.
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