The search has never been harder to attract the best talent in the market.
With the average time to hire in the UK Corporate Governance Recruitment down to just 41 days, candidates are being snapped up, and even temped out of comfortable positions, faster than ever before. We have compiled a list of the top 6 things you can do to ensure you are getting the best candidates in the market before anyone else.
It’s no surprise, that the best talent is off the market quicker than ever before making it crucial that your process is streamlined and efficient. Think about combining interviews where possible to reduce the number of rounds we would advise a maximum of three.
Companies who have developed a streamlined, predominantly online process are able to run through the interview process faster than any other allowing them to capture the best candidates on the market. We have seen the return of face-to-face interviews, with this was often conducted as the final interview stage with the more generic and standardised elements carried out virtually.
Once a contract has been signed it is best to keep in regular contact with your new employee. Regular contact with your future employee not only builds on a relationship and loyalty but potentially gives you any warning signs of a counter offers or change in the employee’s mind. Additionally, calls, coffee, and scheduling meetings with the team allow candidates to engage before they have started.
Still remains a key motivator for candidates, you have to factor in paying 15/20% premium to ensure you are getting the best talent.
Candidates are motivated more than ever by the work-life balance. It will come as no surprise that the most requested benefit was flexibility, and this has ranged hugely depending on personal circumstances. Most candidates now seem to be comfortable with 2-3 days in the office.
There has been a significant shift in the way new candidates view potential employers, placing greater importance upon social responsibility, choosing to look for roles with companies that have shown themselves to be on the front foot of change that they can articulate at interview. Candidates want to share your company’s values and cultural norm. By promoting diversity & inclusion, human rights, ESG strategies, corporate transparency, as well as company and personal growth, you will be in the best position to serve the top talent.
Want More Insight?
Download our Saxton Leigh 2023 salary guide to access the latest compensation and recruitment trends within Corporate Governance recruitment. Our salary survey also looks to the future, with insights on the top business and candidate motivators.
Ready to Expand Your Team?
As corporate governance and in-house legal recruitment specialists, we understand the challenges of finding the best talent and as a result, work with our clients to deliver a tailored and bespoke approach to hiring. If you are ready to expand your team, register a role with us today.