Lack Of Intense Recruiting Competition : Over the past several years, a weak economy combined with easy availability of talent has made recruitment for various positions extremely simple. With the recruitment companies and HR managers having a wide choice of options to pick from, even for the leadership roles within the client organization, there has been a serious lack of intense competition. However, as the economy improves, the recruiters will have to put up a tough fight to attract and hire top leadership talent for their clients. As the focus shifts from the recruiters to the candidates, new hiring strategies will need to be developed and adapted to ensure the fulfillment of client needs in a satisfactory manner.
A Significant Increase In Hiring Volume : With the expected increase in corporate growth, there is expected to be a significant rise in the hiring volume as well. The trend will further be fuelled by the leadership retention issues within the organization. As the job markets open up, the corporate turnover will also show a steep increase, with a large number of employees moving on to positions that are likely to offer them better job security. Since the leadership recruitment for the past several years has been operating on a low-volume mode, the high volume of open positions within the client organizations will present a major challenge to the recruiters.
Low Employer Brand Image : During the phase of economic slowdown, even major business organizations were forced to take tough decisions that deeply impacted their employer brand. These included sudden layoffs, pay cuts and promotional freezes, which were easily accepted by the employees at the time. However, as the economy started improving, these organizations did not pay much attention towards rectifying the damaging consequences of these tough decisions on their employer brand image. According to the professionals from the top headhunting firms in India, this low employer brand image may actually prevent the potential leaders from applying or getting hired by the organizations even through external sources.
An Outdated Recruitment Process : As mentioned before, the easy availability of talent has rendered the recruitment process extremely simple. In fact, a majority of recruiters have been using the same model of recruitment that they had developed years earlier. However, while this model might have proved successful during the era of economic recession, it needs to be updated to meet the challenges of an improving economy. New strategies need to be developed that focus on attracting innovators and candidates with strong leadership skills. Moreover these strategies need to focus on ensuring satisfaction of the candidate besides fulfilling organizational needs.
Not Using The Right Recruitment Professionals : Finally, the biggest challenge faced by business organizations is that of using inefficient and un-resourceful recruitment professionals. This challenge can be overcome by hiring the renowned leadership and executive research firms that can offer the benefit of years of knowledge and expertise. These professionals can provide the recruiting organizations with reliable advice and guidance about overcoming the aforementioned challenges in the most effective manner. They also provide the advantage of access to a vast network of resource and a talent pool to easily attract the right candidates for the various job positions.