The Shortage In Top Talent Demands A New Recruitment Strategy

With the demand for top talent, especially for C-suite positions, constantly increasing, the means to find the relevant top talent is getting more and more difficult. As a result, the way companies hire their top talent needs a total revisit in their strategy. One of the biggest mistakes many companies are committing while doing their best executive search firms In Canada search is chasing after the active candidates that is the one who is actively looking for a change in job, thus skewing their options and hence their chances of finding the right fit for their company.

The stakes, in case of an executive position, are even higher as the wrong hire can cost you more than just money putting a dent to your overall brand and increasing the overall turnover rate in your company. Many big companies have been going for the top executive search firms in Canada to carry out their executive search but the fact that the middle age startups and growing companies now need these firms more than ever can’t be ignored at any cost. 

So a few key takeaways that need to be considered in your talent strategy are as follows:

Quality Of Candidates - The quality of candidates that you are interviewing needs to be high and this can’t be compromised on at any cost. The reason behind this is simple. The interviewing process needs time, money and resources and it is always better to identify three good potential candidates and interview them rather than interviewing 15 bad ones and then manage to find the two good ones. The screening needs to be more prudent and the search technique needs a revisit and be more directive. According to surveys, the quality of the candidates is always high from direct sourcing and referrals.

Direct Sourcing Works Best - This is where hiring one of the executive search firms in Canada can be of big help as these firms have both experience as well as a well-established network to tap into whenever there is a vacancy comes up. This way, you get more options and with a careful search on the basis of requirements, the potential candidates are easy to find and can be direct contacts rather than them applying for the position.

The Interview Process - The whole interview process need to be rethought and restructured. The interview process is a weak link to a lot of companies. A common myth around interviews is that harder the questions, the better the interview. But this is a huge mistake as it can tick your candidates off. Companies need to understand that you need the candidate as much as the candidate needs you. Rather you need the candidate more than he needs you as he has plenty of other options to go to. The interview process needs to be a friendly discussion and a two-way communication wherein you try to strike an understanding with the candidate and see if he/she would be the right fit for the company or not.