Human Resource Management Reviewer
Human Resource Management Reviewer
Finding Talent in the External Labor Market Current employees can be your biggest
Tactics of External Recruiting advocates and cheerleaders. Get creative
with your employee referral bonus
Attracting, acquiring, and retaining talent is program. Gift cards, and even cash, are less
more challenging than ever before. The appealing to some than might be extra time
tight labour market demands that off.
companies adopt a recruiting strategy that
recognizes that engagement starts well Some other ideas to consider include tickets
before either the interview process or the to a local sporting event, or a quarterly
start date. lunch with the CEO for anyone who referred
Your “employment brand” speaks to your candidates who were successfully hired.
image and perception of what it is like to
work for you; and how you value the 4. Focus on Active and Passive Candidates
candidate experience as they are
considering affiliating with your company. Direct sourcing by recruiters and hiring
managers, along with materials that tell an
7 TIPS FOR RECRUITING TALENT IN A TIGHT engaging story to people who may not be
LABOR MARKET familiar with your company, can generate
interest among currently employed
1. Cater Your Hiring Process to the individuals, but not those who are actively
Candidate looking.
Consider your hiring process from the
candidate’s point of view. You want to find the best candidate, and
that candidate may be unemployed,
2. Market Your Organization employed but looking, or employed and not
looking. Each type of candidate will have a
different level of interest and motive, so
you’ll need to have recruitment strategies Succession planning.
that appeal to each group. Posting
employment ads and searching job board Internal job posting.
databases for active candidates is not
enough. Many employers use internal job postings
to encourage employees to identify internal
5. Talk About Salary Early promotional opportunities and respond to
those openings for which they have skills
The recruiter may ask, “What are your and interest.
salary expectations?” Or the candidate may
ask, “What is the salary range being offered Nomination by manager.
for the role?” to ensure compensation
compatibility before moving forward. Some companies have a more closed
approach to internal recruitment and may
6. Always Be Recruiting! ask managers to nominate high-performing
Continually recruit for a pipeline of talent individuals as candidates for internal roles.
and build a talent community to engage in
your brand. That way, when you do have Knowledge, skills and abilities database
job openings, you are not starting from
scratch and can save precious time. Human resource information systems are
commonly used to track various personnel-
7. Be Prepared for Counter Offers related issues. These may include a
database of employees' knowledge, skills
Companies know that replacing a key and abilities
employee can be time consuming and
costly, so they will get very creative to Succession planning
retain their best talent. Be prepared to be
creative on “sweetening the deal,” without Organizations can use succession planning
upsetting internal equity. Sign-on bonuses, strategies not only to identify the potential
extra PTO, a six-month review, etc., can talent in the organization, but also to
make a big impact in a candidate’s decision establish developmental plans to help
to say yes. prepare individuals for promotional roles.
Internal Recruiting