How to Manage the Current Talent Shortage

How to Manage the Current Talent Shortage 2560 1707 Balance Point Team

BPHR’s Director Lisa Salcido, SPHR, SHRM-SCP provides answers to your pressing HR questions.

Question: What are some ways to manage the current talent shortage?

Answer: One of the most critical issues facing employers is attracting and retaining talent as the economy recovers from the impacts of COVID-19. U.S. job openings reached the highest level since the Bureau of Labor Statistics started tracking in 2000. According to the National Federation of Independent Business, sixty-one percent of small employers report a staffing shortage. Fear of COVID-19, childcare issues, and enhanced unemployment benefits are challenging employers to find and keep talented employees.

Smart business leaders recognize that the world of work has transformed. Here are some ways to adapt.

Candidates’ expectations have changed!

A job and a paycheck are not enough to attract top candidates looking for a career and a rewarding experience. Company identity and a clear mission that applicants can relate to will help your organization stand out. Get creative with your recruiting efforts and showcase your brand so candidates want to apply. Your website and social media should promote your company’s values, culture, and people. Use compelling job descriptions to describe what they can accomplish if they join. Help applicants feel a connection to the company and get them excited about success.

Keep it simple!

Don’t lose talent to a complicated application experience. Candidates want options to apply across multiple platforms and will abandon lengthy job applications which require the same information found on their resume. If you are interested in a candidate, progress to the next step right away. Build an efficient interview process that shows applicants that you are prepared and value their time.

More than money!

Fair and competitive pay can increase your applicant pool, but to retain employees you must be flexible and invested in their growth. Pandemic-weary workers will leave unsupportive environments for flex arrangements, stronger health and safety protocols, and training opportunities. Before accepting an offer, candidates will want to know about benefits and how you handled the pandemic. Employers of choice will…

  • Offer telecommuting, leave benefits, and flexible scheduling to accommodate non-work responsibilities.
  • Have a plan to protect employees and communicate a commitment to their health and safety.
  • Nurture talent by providing job-related training, tuition assistance, and advancement opportunities.

Take a More Balanced Approach to HR

Hiring is only one of the many responsibilities BPHR can assist you with. Our HR Generalists can advise on best practices related to all stages of the employee lifecycle. Schedule your free phone consultation today to learn how your organization can benefit from our services.

DISCLAIMER: The material presented on this page is for informational purposes only and does not constitute legal advice or legal opinion. 

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