It’s an employer’s market in lots of fields proper now and the variety of candidates for job postings could be overwhelming for potential employers. Marie Lobbezoo, a human sources director and moderator on the Enhance Your HR Fb group, which I run, posted on LinkedIn about what this seems to be like from a recruiter’s standpoint. She wrote, partially:
We had over 1,000 candidates for a place which required an quantity of earlier work expertise within the subject. Of these candidates, about half have been certified for the place, so we’ll say 500 candidates. Of that half, about 50% have been effectively certified, for our instance, about 250 candidates. Of that 250, 10% have been exceptionally effectively certified, having a extremely fascinating specialised ability set we actually have been on the lookout for. From our authentic 1,000 candidates, we have been right down to 25 exceptionally effectively certified candidates with this very fascinating ability set, however we solely have ONE place to supply. We needed to winnow these 25 right down to an affordable variety of candidates to interview. No AI was used. We discovered the best candidate, and made them a job supply.
In the event you’re getting 1000 candidates, 250 of that are effectively certified and 25 exceptionally effectively certified, you might assume that turnover doesn’t matter. If somebody leaves, you possibly can simply change them. Chances are you’ll begin to assume that maintaining your present staff blissful doesn’t matter, as a result of it’s simple to exchange individuals.
Certain, you possibly can change staff, but it surely’s costly. Discovering somebody who can do the job is a small a part of the turnover price. It’s virtually all the time cheaper to maintain your present staff blissful. Turnover estimates run as excessive as 200 p.c of annual salaries for for high-level positions and roughly 30 p.c of the yearly wage for lower-level positions. Right here’s why it’s costly when somebody quits, even when there are 1,000 candidates for the vacant place.
To maintain studying, click on right here: 6 Causes Why Turnover is Costly, Even in an Employers’ Market
