The “War for Talent”, it’s not the title of an action-packed movie, but an ongoing talent crunch faced by employers. With unemployment rates reducing, employers are running out of options in the market to fill their gaps. Although the improvement of employment rates is something worth celebrating, it presents new challenges for employers. This phenomenon is also known as a “Candidate-Driven Market”.

What is a Candidate-Driven Market?

A Candidate-Driven Market is when there are more job openings in the market than qualified candidate for those openings.

The phenomenon reversed the negotiating powers between candidates and employers. Candidates can now choose between multiple offers and existing employees can go for better opportunities as well. Talent chooses you. Some candidates may “ghost” on interviews or even on the first day of work. They can do that because they can afford to. With an increasing negotiation power of candidates, employers will have to redesign their recruitment and engagement strategies to attract and retain talents.

Survivor Skills to Emerge Victorious in this Talent War

Lacking a strong talent acquisition team or unsure on how to win this talent war?
Kingfisher Recruitment Group is a global provider of total recruitment solutions. We help clients design people strategies, attract and develop talents worldwide across Healthcare & Life Sciences, Professional Services, Technology, Retail & Consumer, Manufacturing, Automotive, Property & Construction and Engineering industries. Let us know if you are seeking for opportunities or looking for talents within these industries. We have a dedicated team of specialist consultants who are always ready to be your strategist and get the real superstar for your organization.