Ever since the global financial crisis of 2008, unemployment and under-employment have been high, leaving plenty of talent available for corporate recruiters eager to fill open reqs. There are many solid candidates looking for work, and it generally has been an employers’ market. But, signs are emerging to suggest that this isn’t the case universally. Some sectors, such as the tech market, are actually experiencing talent crunches. Even if you have plenty of candidate choices at your disposal now, this could change quickly, and you need to be prepared.
Unemployment, on a broad scale, actually says very little about the talent market that’s relevant to you. Several factors influence available talent, and these are what matters most to your corporate recruiting team. On the list are:
- Skills and competencies
- Demand among competitors
If you’re looking for a specific type of programmer (skills and competencies), for example, other economic circumstances may dictate you’ll also want the talent to be near the office where you have the open req. And, of course, and you want him or her to have the requisite experience. Further, if your competitors are interested in making similar hires, talent scarcity may increase.
Frankly, you need the right talent at the right place at the right time.
To help you and your organization understand the dynamics of targeted talent markets, engage KGTiger’s TMR solution. Our team will develop the talent market research reports you need to understand the employment and competitive talent landscapes that impact your hiring and retention strategies, enabling you to attract the best candidates available, even if other companies want to do the same.
Don’t guess – your talent needs are too important. Use TMR to learn the specific factors that could affect your recruitment strategy and adjust as necessary to maximize results.