Lengthy hiring practices, misconceptions make companies lose out on talent

 

Lengthy hiring practices and misconceptions about what motivates top candidates to make a job move are causing companies to lose out on high performers in an already tight talent market, according to the 2016 MRINetwork Recruiter & Employer Sentiment Study. Companies that want to attract and retain the best talent will need to revisit their interviewing and talent management approaches to create a strong employer brand, the report says.

The study found 86% of recruiters and 62% of employers feel the labor market is candidate-driven in their industry sectors. In this environment, candidates confidently reject undesirable job offers, with recruiters and employers listing “accepted another offer” as the primary reason for offer objections, according to the report.

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