According to the PayScale Index (https://www.payscale.com/payscale-index), there was a 2.7% increase in salaries during the third quarter of 2021! This, along with the National Minimum Wage increases has seen a significant increase for employers to remain competitive in the job market.
What does this mean for Employers?
This shift in candidate expectations has meant that many companies have found the recruitment process more difficult than it already was.
We have seen first-hand businesses experiencing candidates not turning up for interviews, accepting job offers then being counter-offered and simply not getting the attraction and interest in the adverts that they would have done prior.
How can Spire HR help?
The Recruitment market at the moment is nothing like we have experienced before, and it is certainly not what we were expecting following the end of Furlough. To November 2021 there were an estimated 1.2 million vacancies, making it harder for companies to stand out from the rest.
Recruitment is a massive time-consuming role for a business which makes it even more frustrating if there is not a clear process in place and if as a business, you do not react timely to the candidates applying for your role. Now, more than ever, time is of the essence as they won’t and don’t need to hang around. We can help in 2022 by looking at what the best method is to recruit as well as taking you/the managers within the company through the process. We can shortlist CV’s conduct telephone interviews or sit in on face to face interviews.
We can also advise about Kickstarter & Apprentice schemes. This is a great way to provide opportunities to candidates who might not have as much experience but who are eager to get started or re-train in the workplace.
If you can’t match or compete with salary, then what more can you offer? We can advise you of any tricks your company might be missing. For example, are you being clear about the company benefits that you do offer other than a high salary? Things like remote working/flexibility may be something that your company can offer.
Find out more about how we can help with your recruitment process via: https://www.spirehr.co.uk/products-services/recruiting-employing/
Or call: 01925 626253