Understand the state of the job economy and identify how this labor market environment could impact your organization.
Consider the data around candidate assessments and how applicant flows impact completion and pass rates.
Learn some hero strategies to face the impact of workforce shortage/
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As the world stands at a labor market tipping point, employers need to be able to identify and efficiently hire qualified, quality candidates to overcome the workforce shortage.
Workforce shortages are being seen for both temporary and permanent positions, suggesting a lagging recovery from the pandemic coupled with a revised mental model for many job applicants of where and how they want to work.
According to Market Watch, US businesses have a record 8.1 million jobs to fill. The problem, they say, is getting enough people to fill them.
There is no silver bullet for solving the issue of low candidate flow, and this issue is not likely to resolve itself in the long term.
However, there are still steps and actions to consider that may help alleviate some of the pressure hiring teams are facing.
While the ideas in this whitepaper may help organizations in the coming months, this list is not exhaustive. But, what it can do, is act as a starting place for organizations and HR leaders to discuss their options for addressing candidate flow.
