Let’s be clear here. People don’t work for companies—they work for people, which is why a personalized approach to hiring produces a much higher yield in terms of accepted offers than treating people like a number.
The challenge of attracting and keeping people isn’t going to go the way of the stimulus money. Now’s the time to take stock of the reality of your situation and take bold steps to attract the right talent for your organization. When you do, be sure you are doing everything humanly possible to keep these people as well.
There’s never a good time to slash employee pay. So why would you consider doing so now with 8.1M job openings here in the U.S?
First, to fix a problem, you must recognize you have a problem. Start by asking yourself the following questions:
Are other people in my industry fully staffed, or am I the only one that seems to be struggling?
Has our applicant flow dropped lately, and if so, do I know why?
Have I seen a noticeable difference in the number of candidates turning down our offers? If the answer is yes, do I know why this is so?
Are my people trained in the art of employee selection?
If you’ve been having a hard time filling job openings, you’re not alone. Around 4 million adults aren’t looking for jobs, not because they’re scarce but because of worries about catching the coronavirus.
A year after the pandemic arrived in the U.S., 8.4 million fewer Americans are holding jobs.
There are many reasons for this, but one of the most important and least spoken about is fear.
A U.S. Census survey done in mid-March found that approximately 4.2 million adults are not working because they fear getting or spreading the coronavirus.
This helps to explain why some companies say labor is hard to find even though the unemployment rate is 6%. It looks like the only thing that will change this is our ability to get this virus under control.
Their fear is real.
Here’s how to overcome this.
Frequently Quoted In
Finding the right talent is hard. Finding the right talent that will prosper and stay is even harder when you do it alone.
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