Understanding current recruitment trends will help your business to target job posts more effectively. These 6 tips will help your business to improve your candidate response and future recruiting success:-
Location affects your ability to attract talent : The UK was recently ranked third in the Global Talent Competitive Index by French Business School INSEAD, behind Switzerland and Singapore. Cardiff was the highest ranked UK city in 11th place while London and Birmingham featured in the top 20 in 16th and 17th places respectively. Companies based in those cities can expect to attract more qualified candidates, over other areas which may find it harder to the find the skills their business needs. The UK’s flexible labour market and external openness contributed to its high rank (up four places from last year). The index examines a country’s ability to develop, attract and retain skilled professionals.
Salaries : Salaries are on the rise this year and again this varies by region. CV Library recently published a list of the cities experiencing the highest salary increase. Cardiff also topped this list with the biggest recorded rise in average pay (a 14.9% increase to £33,819), followed by Edinburgh and Manchester. Be prepared to pay for talent as the skill shortage continues to affect many sectors. Your recruitment metrics will give some indication of the quality of your hires and average salaries.