Human capital management company Spring Group is warning businesses of a growing trend in the London region. Employees are apparently using new job offers as a means of squeezing more money and benefits out of their current employers.
During January and February this year, Spring Personnel’s London branches saw three in 10 job offers overturned by counter bids made by a candidate’s current employer. This is driving recruiters to adapt drastic measures and 70% of Spring’s clients have decided not to pursue a second interview round, giving candidates an offer after only the first contact.
“This is a very worrying trend we are seeing spread across London”,comments Di Bradbury, managing director, general staffing at Spring Group.
“Skilled people are hard to come by in any industry, and retaining their best staff is a key priority for organisations today. Candidates know this, and some are increasingly misusing this power by trying to play prospective employers against their current employer. As a result, employers are being forced to entice staff to stay by meeting demands of higher salaries, more benefits, and often promotion.”Bradbury adds that
“If this trend continues, it could have a negative effect not only on individual organisations, but on the UK economy as a whole, with roles not being filled slowing down companies’ growth and disproportionate wage inflation hitting companies’ bottom line hard.”She concludes:
“We recommend increasing the number of interviews per vacancy, as well as having a second choice of candidate who is not rejected until the first offer has been accepted. We also recommend involving an expert consultant who is able to identify candidates with the right motivations and sift out potential setbacks as early as possible in the recruitment process.”
Comments (1)
Posted by Charles Foster | September 26, 2008 6:03 PM
What is the most efficient and cost effective way to recruit for your firm?
The answer to this is quite obviously through you own website. As it is, you probably post all your vacancies on your website and candidates who apply to vacancies through your website send their application either to an email address or through your own application process to the manager or in-house recruiter, responsible for that vacancy. The advantage is that candidates will not only be interested in the role advertised but also very interested in working for your organisation.
Recruiting through your own website sounds too good to be true especially in these turbulent times.
However how can we be sure that job seekers will find the vacancies on an employers website. Quite frankly they are not going to.
However a new direct recruitment job portal www.careerint.com has a very simple, efficient and cost effective way to give employers the ability to advertise all their current vacancies, their company profile and receive applications exactly as they wish and all this for the least expensive service on the web.
Career International downloads all vacancies currently on employers’ websites and posts them to a vacancy database, currently 40,000 jobs, together with their company profile. These downloaded vacancies are constantly refreshed and therefore always up to date. Candidates apply for vacancies either through the employer’s application process or a dedicated email address. Employers can also add an unlimited number of urgent or temporary vacancies as well as see their vacancy statistics through their account pages.
There are three levels of account dependant on the number of vacancies on the employer’s website. Below 10, 10-30 and 30 vacancies or more and the charges are extremely low compared to any other web based recruitment service at between £60.00, £120.00 and £180.00 per month (or Euro/$ equivalent). That is the total cost for advertising all your vacancies.
This efficient and cost effective service has attracted 500,000 job seekers to view vacancies in the last quarter posted by nearly 700 leading employers. To open an account is extremely easy so just visit www.careerint.com or contact the team on 0870 288 9820.
Posted on September 26, 2008 18:03