Not too many years ago, jobs were scarce and most employees felt lucky to still have their jobs. Fast forward to 2015, and you’ll find the post-recession job seeker of today is far different than the job seeker of the past. Now that the job market has picked up, those either open to change or seeking a specific position can afford to be more selective in their next move.
What Do They Want?
While wages have not yet recovered as well as the job market itself, higher compensation is still high up on any candidate’s list. But it’s no longer only about the paycheck. Employees now leave for greater growth opportunity, better work-life balance, flex-time and location. In fact, the desire for work-life balance is no longer gender specific—men and women alike are viewing their lives more holistically, and they are gravitating toward those companies that offer greater balance.
A more interesting question might be who isn’t looking. According to JobVite’s 2015 Job Seeker Nation Study, 45% of workers will leave a position even when they weren’t looking for one in the first place. That means almost half of your satisfied employees would entertain a recruiter’s call for better growth opportunities, or one of the other factors mentioned above.
Millennials Research Differently
Think about it – millennials, those born between 1980 and the mid-2000s, will comprise 75 percent of the workforce by 2025, and that’s not too far off. Millennials approach a company very differently than the generation before them. They have more tools to thoroughly research not only the company but the people who work there. They use Facebook and LinkedIn to learn more about the backgrounds of the team they might be joining. They want to know if their values, backgrounds and skills match up with their own.
Instant Access Job Search
Gone is the day when job searches were conducted furtively via one or two platforms. Instagram, Snapchat and Pinterest have joined Facebook and LinkedIn for social job hunting. The use of mobile apps and social media call for companies to stay updated in terms of how they reach out to job seekers. In fact, companies vying for the attention of top candidates need to stay engaged in what motivates them and how they choose to receive their information.
Technology will continue to dramatically change the way job candidate accesses information about a company and its open positions. Companies that want to attract top talent will need to determine whether their benefits packages speak to the values and needs of today’s job seeker. At the same time, they need to be sure they are reaching the best pool of talent in the way their future employee wants to be reached.
Skoda Minotti Professional Staffing specializes in finding the right individual who is the right fit for your organization. For more information, please contact Heidi Hoyt at 440-449-6800.