A recent poll by Chicago-based Executive Search Firm TalentRISE highlights that the top challenge faced by organizations today is too few qualified candidates, which is unsurprising given the low unemployment rate in the US. The next most cited issues were recruiting inefficiencies and retaining key talent, both of which are within an organization's realm to control and fix.
“The take-away is that while the supply of qualified talent is dwindling due to external forces, businesses can – and should – improve critical internal recruitment processes for advantage. The recruitment function, for instance, needs to run like a well-oiled machine to promote the employment brand, and identify and attract the best candidates. If your recruitment process isn’t, at a minimum, at least as effective as that of your competition, the best candidates will be snapped up elsewhere. But even with a top-notch recruitment process, getting retention right is critical or you’ll risk a revolving door scenario where great talent is leaving as quickly as you can hire more.”