Clearly, hiring the best people is more critical than ever if you want to reach your company goals. Now, let’s briefly review what’s going on in hiring and employment. These six trends make talent acquisition more challenging than it’s been in many years:
Both the employed and unemployed have more opportunities to evaluate and receive multiple offers. Delay hiring decisions and you likely lose out on talent to more aggressive employers (or those who can make faster decisions). As we mentioned earlier, a key trend is the movement of big CPG companies into this space, meaning they now compete for top talent. Thus, you have to work harder and smarter to find the best person for your organization, or settle for a second or third choice.
As top tier employees become scarce, companies will directly recruit from competitors. If key executives have been overburdened or overworked due to the difficult global economic situation, layoffs, or downsizing, then they are more apt to accept a better offer elsewhere.
It should come as no surprise to you that candidates are less likely to relocate than they did five, ten, or fifteen years ago. Why? Because it's much harder to sell a home in this weak housing market. In addition, children seem to have a stronger influence in a family’s willingness to relocate the ten or fifteen years ago.
Increases in hiring demand for sales, business development, marketing (especially social media), as well as research and development regulatory, and quality are being seen across companies in the Consumer Healthy Living sector.. Strong industry growth absolutely brings benefits to your company, but it makes recruitment and talent acquisition a high priority. Are you dedicating enough attention to acquiring top talent?
Employees with international experience and multi-language in high demand in all industry sectors. As dietary supplement and food/nutritional ingredient companies look to expand and grow into internationally, they will need to employ men and women who have that experience.
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