What recruitment process should you look at implementing to ensure you are attracting and retaining the right candidates to help grow and sustain your business?
This question could not be more topical than it is today.
Candidates are seeking quality of life from their employment, no longer accepting the working conditions pre-2020; the “great resignation” is not a myth, but a fast-growing worldwide reality that is being fuelled by the choice available on the open market.
The continuous job vacancy growth over the past six years for the Netherlands market has been recorded across all sectors.
"The number of new vacancies subsequently rose by 400,000 to 1.4 million in 2021, reaching the highest level ever recorded. The increase was visible in all occupational classes. This is evident from new labour market figures which have been released by Statistics Netherlands (CBS)." Source: https://www.cbs.nl/en-gb/news/2022/23/more-new-vacancies-in-2021-for-all-occupations
Candidates in the Dutch market know they are in a strong position to demand a great work-life balance, choosing organisations demonstrating strong ethics and morals, inclusive directives, and clear corporate policies.
Many Netherlands based organisations offer attractive packages with education stipends and reduced hours to ensure they attract the best candidates on the market.
It is imperative for organisations to address these fundamentals, not only to attract the right level candidates, but to develop and retain your workforce to ensure growth and future success.
Do you consider your workforce your strongest asset?
Once you have addressed your internal structure to promote your organisation, you should also consider reviewing your hiring processes. Is it robust, efficient, or even fit for purpose?
Efficiency is key. Long recruitment/interview processes with multiple testing and difficult panel scenarios can hold a negative impact on your next generation workforce. It’s important to keep momentum of the interview process to ensure a successful outcome.
We hear from many candidates who have entered a difficult recruitment process and cited they have felt “stressed”, “under pressure”, “unable to deliver” and “de-valued”.
Competitors with quick, fluid decision-making processes are often the most successful in attracting and identifying the right level talent.
This hiring process is not just about an organisation considering the suitability of a candidate, but also the candidate considering the suitability of the organisation.
First impressions
Deliver an opportunity that is going to be well received; first impressions really do count:
Growing your reputation in the market will enhance your credibility and attractiveness to invite and retain the future generation workforce you are seeking.
For more support and guidance in streamlining your hiring process, EMEA Recruitment can provide advice on delivering a robust process. If you are interested in finding out more or have any further questions please reach out to Ali Cawley.
As we move through another quarter, we have seen continued changes across HR. Again, HR leaders are left wondering how they can attract and retain top talent.
The Future of Work is the topic everyone is talking about, whether that be for more flexible/hybrid working models, or clear development and succession plans to attract more diverse and inclusive employees.
Organisations will face increased competition for talent; this will make hiring employees challenging and will push businesses to:
We will start to see organisation prioritize Diversity, Equity & Inclusion more than they ever have before. We see through our network that employees now expect to see demonstrable progress, rather than goals or promises. Organisations will need to be more transparent and accountable then reporting on DE&I.
A recent Glassdoor DE&I workplace survey identified that 76% of job seekers consider a diverse workforce important when evaluating companies and job offers.
Why being inclusive matters in the recruitment process
In today’s competitive marketplace, DE&I is a means of achieving positive cultural change, while also boosting brand reputation and becoming an employer of choice – all of which help when it comes to attraction, recruitment and retention.
Besides, at a time when so many organisations are reporting employee and skills shortages, tapping into a more diverse talent pool is a no-brainer.
“If you haven’t got the best talent, you’re not going to be the best, and if you’re not representing properly the available pool of talent, then you’re missing an opportunity.”
- Alex Wilmot-Sitwell, EMEA President at Bank of America
By improving processes to accommodate a diverse workforce, organisations can improve employee experiences and boost engagement at every stage of the employee lifecycle:
We are keen to understand your thoughts and feedback around these topics and would welcome the opportunity to hear how diverse your employee lifecycle is and how this compares with the general market consensus.
For further discussion please contact keely.straw@emearecruitment.com to see how we can support you.
To celebrate World Smile Day 2022, we’re sharing the heart-warming responses to the question, “what was the last thing that made you smile?” on the EMEA Recruitment podcast.
The podcast is produced in partnership with Operation Smile, an international medical charity that provides life-changing surgery and support to children and adults with cleft lip and palate.
It’s a cause close to our Founder, Paul Toms’ heart, as he was born with a cleft lip and palate himself. When interviewing guests on the EMEA Recruitment podcast, Paul asks them to explain the last thing that made them smile.
You can listen to some of the answers from our guests below:
Thank you to Dorie Clark, Markus Graf, Francesca Gino and Marco Aspesi, for sharing such lovely stories! Be sure to check out their full episodes: https://www.emearecruitment.com/podcasts
Throughout our partnership, we’re hoping to create 100 new smiles. It costs just €180/182CHF/£150 and takes as little as 45 minutes to provide cleft surgery on an Operation Smile medical mission.
If you can donate anything to help us reach our goal, please visit: https://www.operationsmile.org.uk/donate-to-operation-smile/donate-to-operation-smile-emea-recruitment/
Recently, we also welcomed Operation Smile UK’s new Executive Director, Mairead O’Callaghan, onto the EMEA Recruitment podcast to discuss her 11 years with the charity.
She also explained the charity’s goals for the next decade, as it celebrates its 40th anniversary in 2022.
Find the episode on your podcast app or watch on YouTube below:
Paul explains his connection to Operation Smile: “I can’t compare the challenges I faced with those of the young children Operation Smile help. All I can say is that, from my experience over the years, I changed from being afraid my uniqueness would define me, to embracing the fact that it defined me.”
Operation Smile is the official partner of the EMEA Recruitment podcast. If you’d like to find out more about our partnership, visit: https://www.emearecruitment.com/operation-smile
Operation Smile United Kingdom is incorporated as a company limited by guarantee in the UK (No.04317039) and is a registered charity in England and Wales (No. 1091316).
As we begin the final quarter of 2022, one thing is for certain: the rate of change and challenge has not decreased in the last three months, but the Finance recruitment market remains extremely strong, with high levels of competition for candidates.
Candidate market
The unemployment rate in Switzerland remains low, at 2% in August 2022 (source: State Secretariat for Economic Affairs). This is a sign of a positive and stable economy, but also a factor in why some Finance roles are proving difficult to fill, as most people who were displaced during the pandemic have secured positions.
Highlighting a key shortage – Accountant and Controller level
Many companies have reported greater difficulties when recruiting for roles such as Accountant or Controller. One of the key reasons for the candidate shortage at these specific levels has been the move to remote shared service centres, which has reduced the flow of people entering the Finance & Accountancy profession in Switzerland.
The impacts on recruitment are:
For recruiters:
For job-seekers:
Counter offers made to candidates to retain staff in this competitive market include: higher salaries, enhanced hybrid working arrangement or even fully remote working.
At EMEA Recruitment, we share market insights with our clients before developing tailored recruitment campaigns that generate interest from the desired audience and lead to successful appointments.
In the current climate, an increasing number of clients are choosing to work with us on a retained basis, to ensure they are at the forefront of the battle for talent.
If you require help to recruit, please get in touch and we will gladly share market information. Please reach out to Mark Robinson: mark.robinson@emearecruitment.com.
If you are considering your own career path, there is no better time to speak to an expert and ensure that you have access to the right opportunities.
Hybrid working – how does it impact recruitment and onboarding?
Experienced Finance professionals have reported finding it harder to integrate into a new company, primarily because of the lack of time spent physically in the same location as their colleagues and peers. Many people at this level are happy to spend more time in the office, particularly during their learning curve.
Individuals who began their careers during COVID have only ever experienced hybrid working (initially more heavily home-based due to lockdowns), so are used to spending less time in the workplace.
When we are working with a business, we make sure that we fully understand the hybrid working requirements of both client and candidate from the outset, to ensure a smooth recruitment process with clear understanding on both sides, and work with both parties to achieve the right outcome.
Once employment commences, we maintain contact with both parties to help with the onboarding process and maximise the chances of a successful appointment.
Future impacts of hybrid working:
We will be running a series of LinkedIn polls to gain further insight into some of these topics. We hope that you will participate and enjoy reading the results in our next newsletter.
Summary
Having access to current market information, whether you are hiring or job seeking, is more important than ever before.
If you would like discuss your own career situtation or hiring into your team, we would be happy to speak with you.
How can working with us exclusively introduce you to the best talent in a candidate-led market?
Over recent months, the Netherlands has seen an increase in hiring and, particularly at certain levels of experience, a decrease in applications to advertised roles.
Consequently, we have moved into a candidate-led market, a market in which candidates are very often in multiple processes at once. Clients can decide to use multiple agencies, thinking they are reaching a wider range of candidates but, in reality, candidates can be contacted by multiple agencies about the same opportunity.
From a company’s point of view, this blurs their value proposition and, from a recruiter’s point of view, can lead to working with speed, rather than in a consultative way. As a candidate, you don’t buy into the proposed role as much and very often there can be less clarity in the process.
With candidates consistently asking recruiters if roles are exclusive, it is clear that using multiple agencies can not only make your value proposition unclear, but also can slow down your hiring process.
With exclusivity (working with only one agency on your vacancy/vacancies), there is a focus on the role, the client proposition and the client brand. This allows candidates to buy into the business and the role, thereby enhancing the candidate’s journey. It can help to ensure you don’t miss out on the best talent for your team.
As part of the Exclusive approach at EMEA Recruitment, we ensure you are being introduced to the best talent in the market, as we:
This achieves an excellent success rate and overall positive applicant experience. To find out more about our Exclusive and Retained approaches, please contact Jenny Callum: jenny.callum@emearecruitment.com
The whole team at EMEA Recruitment recently took part in Equity vs. Equality training, delivered by our Ambassador, Valentina Coco.
“At the end, the key objective is to have someone on the recruiting panel who can empathise.”
Last year, Valentina conducted two in-house D&I training sessions – one on the topic of bias, the other on how to speak to our clients about D&I.
In July, Valentina explored the issue of equity versus equality, particularly from the standpoint of ethnic diversity. Globally, we still lack diverse ethnical representation in business; just 8% of managers and 4% of CEOs in Fortune 500 companies are from minority ethnic backgrounds.
Valentina explained how the pipeline for getting to senior management positions is broken for those from minority backgrounds, due partly to highly unemployment rates and lack of access to education. Even when minority candidates are hired, they can feel that they’re alienating the majority in the workplace. This is why an equitable hiring process is essential.
We looked at the difference between nationality, ethnicity and race, as well as some common and less well-known words and phrases that we may feel uncomfortable using at times.
Exploring equity and equality in more detail, we discussed why workplace policies are bad for equity and how standardised testing in the recruitment process still discriminates against marginalised groups.
To help us understand the biggest hurdles in recruiting, Valentina presented us with four challenges: societal access, bias and tokenism, the pipeline gap, and the impact of COVID-19.
Societal access refers to the lack of opportunities that minority groups may have to education, internships, entry level jobs and promotions, due to potential financial barriers and a shortage of connections.
Bias and tokenism is the objective of hiring someone based on the diversity they can bring to the team, which can damage inclusivity and retention in the long-term.
The pipeline gap must be addressed by stakeholders who are empathetic and invest in D&I, as well as through the wider culture of the business.
Minority groups and women faced a significant impact of COVID-19, for example, with a higher care load, anti-Asian sentiment and career breaks.
We ended the session by analysing three specific case studies, as well as asking Valentina our own questions and sharing our thoughts.
As always, all ideas were shared in a safe and confidential environment.
Valentina Coco is an Ambassador of EMEA Recruitment, as well as the CEO and Founder of Coco Consulting & Coaching. She trains teams to develop an inclusive working environment.
The EMEA Recruitment podcast welcomes guests from across our network and beyond to share their career journeys, advice, and inspirational stories.
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