Gone are the days when a simple job ad would attract a pool of suitable candidates. In the era of ‘Passive Talent’, successful recruitment is all about engaging potential candidates even before a job opening becomes available. The below data, highlights the necessity of proactive and strategic recruitment methodologies in the contemporary job market.
We’ve just run the measure over all the placements we’ve made so far in 2023. Here are the average times (in days) that it has taken for successful candidates to be identified and to commence their new role.
All Roles |
Administration & Accounts |
Professional & Technical |
|
| Sourcing and Screening Period from commencing search to offer being accepted |
28.9 | 22.4 | 36 |
| Notice Period Period from acceptance of offer to commencement |
18.9 | 14.7 | 23.5 |
| Start to Finish Total days from start of search to employee commencing |
47.8 | 37.1 | 59.5 |
As you can see, the fact that more than 90% of people we placed were still engaged with their previous employer, means the waiting time has increased in recent months. This varying timeline underscores the need for businesses to plan ahead, to anticipate future vacancies, and to be patient during the recruitment process.
It’s also important to point out that of the people we placed, only 20% responded to an online advertisement or job board, meaning 80% were directly identified by us, through searches and professional networking. This proves once again, that it’s essential for you to have access to ‘Passive Talent’ if you are looking to develop and grow your business.
Embracing passive talent recruitment methods allows companies to tap into a wider talent pool, beyond those who are actively job hunting. By doing so, they engage individuals who may not be currently seeking new opportunities but are open to considering attractive offers.
Key Takeaways
- The best person for the role is very likely to be currently employed elsewhere.
- Don’t delay your search for talent any longer than you need to.
- It takes time and effort to identify hard-to-find candidates.
- It’s not enough, to simply run an advertisement on a job board.
- There are no quick fixes.
- You need a diligent, professional approach to succeed.
- You need to be able to access ‘Passive Talent’.
With Lloyd Recruitment Group, you have a dedicated partner that understands the intricacies of modern recruitment strategies. Let’s bridge the talent gap together. #LRGWA #Recruitment #PassiveTalent”