Staying Competitive in a Hiring Bubble

How can you attract the talent you need to grow and stay competitive? Staying competitive in the hiring market is never easy, but these days it can feel almost impossible. Attracting and keeping the right talent for your company is critical to your success, and just a little preparation can make all the difference. We’ve compiled a list of ways you can stay competitive in the current market and keep your employees happy in the process.

Capitalize on Potential

Resumes are the quickest way to decide if someone has what it takes to thrive in a position, but that doesn’t always show the full picture. Learning to read resumes and recognize not only what a person has already accomplished, but what they have the potential to accomplish can completely change how you hire and interview prospective employees. Consider what they can bring to the role and the company as a whole.

Job descriptions

Job descriptions are like a dating profile – this is your first introduction to potential employees, and you have to make a good impression. Make sure you have all your most important requirements, but not so many that you weed out quality candidates preemptively. Don’t make it too long, but be thorough. Job searching is a time-consuming and often emotionally grueling endeavor. Be mindful of how much time you’re taking and what needs to be said upfront to draw someone in. Also, don’t be afraid to sell yourself a little bit! Your company is a great place to work – you know that. But how will you convince others?

Benefits + Perks

The best way to attract and keep top talent is to provide the benefits employees really want. Catered lunches and on-site gyms are great, but spending some time researching (or asking your current employees!) what they’d really value can make all the difference in forming your dream team. This also relates to stock options, which we talk about in this blog post.

Workplace Culture

If the job description and benefits or perks of a position are your “dating profile,” the company culture is your “first date.” Getting people to stick with you is critical for a successful company, and that can only be achieved by creating a culture that’s enjoyable for your employees. Consider what matters most to each person – someone with a family may want more opportunities to work from home, while someone who’s new to town may be looking for after-work events to allow them to meet new friends. Don’t be afraid to adjust and make changes as you go, and check in regularly to see what’s working and what isn’t.

Career Advancement Opportunities

This goes hand-in-hand with company culture, but making sure there is room for everyone to grow and advance their career is critical for remaining competitive in the current market. It’s rare to find an employee that wants to stay in the same position for years on end. Ensuring there are chances for learning, promotions, and salary bumps are all great ways to keep your team happy for the long haul.

Interview Team Training

Your interview teams are a huge part of the hiring process, and keeping them up-to-date and informed about what you’re looking for and how you want to find it will allow you to stand out in a crowded job market. Asking the right questions, clarifying with candidates or asking follow-up questions, and conducting the interview in a professional way will not only help you attract top talent, but helps you start on the right foot with your new hires. Staying Competitive in a Hiring Bubble is important, but it doesn’t have to be complicated – how you ask for things and what you offer to your current and prospective employees are simple ways to attract what you want. But when it comes down to it, staying true to who you are as a company can make all the difference in finding the right people for the job.