Top Recruiting Trends to watch for in 2015- Trend #5
Previous posts in this series:
The Top Recruiting Trends to Watch for in 2015- Trend #1
The Top Recruiting Trends to Watch for in 2015- Trend #2
The Top Recruiting Trends to Watch for in 2015- Trend #3
The Top Recruiting Trends to Watch for in 2015- Trend #4
As the economy improves and the job market becomes more robust, a trend to watch in the coming year pertains to churn. It’s a fact that turnover issues dramatically impact recruiting.
A recent article by ere.net sited the upward spiral in turnover rates that has occurred. The rate on churn in industry in general is up 44 percent last year. This fact presents both good news ad bad news and, as is usually the case, is dependent on your perspective.
For the candidate looking for a new job, it means companies that have a revolving door where there are lots of churn present great opportunity for employment. But, candidates should judge wisely the merit of hitching their wagon to such organizations. After all, there may be real systemic issues in management at the company causing the high levels of churn.
For companies struggling with high churn, their reputation may be hurt by the high turnover. This will affect the ability to attract the best new talent. Given the high impact of new hire turnover, firms will need to begin assessing candidates on their likelihood of an early departure.
If your company is facing higher turnover than you want, give us a call. It’s our experience that recruiting a single, well-placed, candidate in an organization can dramatically reduce the churn.
At Key Corporate Services, our specialist work with companies daily to strategize solutions that will bring the best talent onboard.
From The Key Corporate Services Blog Team