It’s generally driven by:
- Workers not wanting to switch jobs due to concerns over the sustainability of positions
- A sudden rise in demand for workers as we are coming out of the Covid-19 pandemic
- A smaller number of EU candidates
Has Covid-19 had an impact?
But what does this mean for employers?
It means that there are fewer applications to jobs and fewer suitable candidates across job boards. As an employer, this means you need to think about what you are offering candidates to ensure they choose your role over others. Candidates who are on the market have a lot of opportunities, so you need to stand out!
Ways to stand out
Don’t wait to reach out to a candidate, fast responses show that you are interested, if they are having to wait for a response, they are likely to be snapped up by someone else.
Offer Competitive Pay Rates
This will attract candidates to your role, it’s an enormously competitive market right now, so your rate of pay will need to be above average if you want to attract the best candidate.
Be Flexible With Your Requirements
In a smaller market, you need to be flexible with what you are asking for. Being too specific could cost you a brilliant candidate with the right skills and culture fit that your company needs.
Company Culture & Incentives
The pandemic has left job seekers feeling uncertain about changing roles, attract candidates with your company culture and an appealing benefits package.
Offer Flexible Working
Candidates are more likely to want to work for a company that offers them flexible working to fit around their commitments. Hybrid working is on the rise due to a demand from job seekers, so this could be something to consider.