Forbes recently compiled a list of the top 15 companies who are currently hiring the most. As you might expect, that list is topped by names like JPMorgan Chase, Amazon, Lockheed Martin, Kaiser Permanente, Apple and Target. With all of the resources these companies can devote to talent acquisition -and their immense brand equity – it seems like hiring would come easy. Not true.
Here are some of the unusual hiring challenges you face if you’re a large employer, and ways around these blockades to high-quality TA:
- You reject thousands of candidates each year. Because your TA process touches thousands, maybe tens of thousands of candidates – most of whom are not hired – your hiring experience becomes uber-important. If your hiring process is lousy, it impacts your brand and employer brand on a very large scope. Montage research shows that when the hiring process is poor, just 28% of candidates would recommend your company to others. In contrast, when the hiring process is positive, 89% of candidates would recommend the hiring company. As a large employer, you need to treat your hiring experience just as the product you make or the service you provide. Your process should deliver value and a great experience to all of your candidates.
- 82% of the time, companies hire the wrong talent as managers. Gallup research reveals that 4 out of 5 candidates hired for managerial roles don’t have the talent to manage. Bad managers are costly in terms of lost productivity, disengaged employees and poor organizational performance. For large employers trying to fill lots of managerial roles, this issue becomes magnified. Gallup cites conventional hiring practices as the culprit, so look for innovative ways to identify external and internal candidates that can make decisions, motivate employees and create a culture of accountability. Live video interviewing is an effective way for hiring decision-makers to evaluate candidates’ personal characteristics and leadership capabilities.
- 80% of current job seekers are looking for work in a new field. This eye-opening trend revealed on Forbes.com poses both challenge and opportunity for large employers. The challenge is a large number of applicants unqualified for your open positions, causing a clog in your hiring funnel and hours of screening work that yield few potential hires. The opportunity may be candidates who could bring a fresh perspective to your open roles. In either case, on-demand video interviewing is an effective solution for quickly screening a high volume of candidates to identify those with potential for your organization.