Two-thirds of businesses do not have a plan for hiring white collar staff in ‘talent short’ markets, despite rising demand and increasingly competitive hiring conditions, according to the latest Robert Walters whitepaper - 'Recruiting Professionals in a Candidate Short Market'.
In many cases, the roots of talent shortages can be traced back to the recession, when staff investment and succession planning was assigned a relatively low priority. As a result, recruiting the right professionals has become increasingly difficult.
“Amid an improving economic climate, the ‘dash for talent’ is creating a real headache for employers. In some areas, there is a perception that there are simply not enough qualified candidates to go round,” says Colin Loth, Managing Director at Robert Walters.
Of the employers that have a plan in place, over 40% said they would consider appointing an interim or contract professional to manage skill shortages, while approximately a quarter said they were developing a succession plan or recruiting from talent pools they hadn't explored in the past.
While heightened demand has generated double-digit pay rises for some professionals - in contrast with a broader pattern of sluggish wage growth - the whitepaper reveals that many are equally drawn to a new job by factors such as a healthy work-life balance, interesting assignments or training opportunities.
"Sensible preparation can help employers attract the right professionals," adds Loth. "Reducing the time from interview to offer, for instance, or communicating your organisation’s excellent career progression opportunities, are just two ways of enhancing your ability to make the right hire."
Two-thirds of businesses do not have a plan for hiring white collar staff in ‘talent short’ markets, despite rising demand and increasingly competitive hiring conditions.
Download the whitepaper in full.
Hiring for Investment
2022 has proven to be a record-breaking year for tech-focused VC investment in the UK, with +£12.4bn raised to date. Building on the successful release of our ‘Guide for UK Start-ups’, Robert Walters have produced a follow-on report, in partnership with Beauhurst, aimed at supporting leaders, investRead More
Attracting the right talent: meeting candidate demands
Are UK firms meeting changing candidate demands? Over 30% of UK professionals state that their current employer is not meeting their expectations in the workplace, despite companies believing their perks, retention strategies and hiring process are in-line with what candidates want. The latest reseaRead More
How are jobseekers looking for new roles?
In our Solving the UK Skills Shortage research, nearly half of candidates highlighted a frustration with recruitment processes taking too long. Interestingly over a third highlighted that they couldn't find a company they wanted to work with. This shows that businesses need to do more in their attraRead More
Come join our global team of creative thinkers, problem solvers and game changers. We offer accelerated career progression, a dynamic culture and expert training.