If you plan to recruit new employees in the next year, you’ll want to take some time to understand the ‘sophisticated job seeker’ and his or her impact on your ability to hire. It could save you a lot of headaches.
There’s a Talent Shortage Right Now
As you’ll see in this Time magazine article, many companies and their executive leadership are unaware of how the massive retirement of Baby Boomers is causing a brain drain of epic proportions. As this generation of more than 70 million retires, there are fewer than 50 million Gen-Xers to replace them. The result? A desperate fight for a limited resource–experienced workers at a competitive price. As companies try to ramp up their training of Millennials to offset the shortage, they’ll still have to get aggressive when it comes to attracting the key talent they need.
They’re Called “Purple Squirrels,” and They’re Very Hard to Catch
Those elusive candidates who have all the skills and experience you need for them to hit the ground running are called “Purple Squirrels” by recruiters. Back in the olden days, when I used to recruit, we called them “Bilingual Brain Surgeons for $10/Hour.” You get the gist. They’re hard to attract–and even harder to persuade to take your job. Studies show they want a lot more than money. Unfortunately, this is where the news gets worse …