Bookmark and Share Email this page Email Print this page Print Feed Feed

Top 6 Mistakes Companies Make in Attracting Talent

Recent reports indicate that there are labor shortages for IT, manufacturing, mining, and medical professional jobs. Hundreds of thousands of job are currently unfilled in the United States. While there are many reasons beyond the control of companies  looking to hire, there are several factors that are within the control of companies looking to hire. Based upon our experience with both businesses looking to add employees, and employees seeking new job opportunities, I  have compiled  the Top 6 Mistakes companies make in attracting new talent.

1. Holding out for the “perfect candidate.” In areas such as skilled trades, where there is a significant labor shortage, companies that need to get work done today, do not have the pool of available talent to pick from.  If a candidate has 8 out of 10 skills required for the job, companies should strongly consider hiring them and teach them the other 2 skill sets.

2. Have a slow decision making process regarding new hires. Talent that is actively seeking a new career opportunity will, on average, get 3 job offers. A company that takes 2-3 weeks to make a job offer will lose candidates to competitors.

3. Electronic tools and screening processes that eliminate qualified candidates. Companies that rely on high-tech screening tools and multi-step screening process end up eliminating qualified candidates. Job seekers are not professional resume writers, and rarely enlist the skills of professionals to help them craft a high-end resume that includes the key words found in search algorithms. Additionally, companies with multi-step, automated reply screening processes turn off the job seeker, who has multiple interview opportunities.

4. Believing that high unemployment numbers equal plenty of qualified candidates. The reported unemployment numbers are for mass consumption and do not reflect sub-category accuracy for careers like IT and other labor shortage categories. For example, if there were plenty of unemployed machinists, there would not be 600,000 unfilled jobs currently in the U.S. (according to a report for the Manufacturing Insititute).

5. Refusing to use outside sources, like recruiters and paid job boards. A recent Linked-In survey we conducted showed that the average unmanned CNC machine costs a manufacturer a minimum of $75 per hour  due to lack of production and missed opportunity costs. That is $3,000 per shift, per week. The option of paying an outside resource like a recruiting firm is not as costly as many manufacturers assume, compared with the lost revenue incurred with not having an employee.

6. Cumbersome and lengthy help wanted job postings. Job ad’s filled with company policies; EEOC compliant jargon, and soft skill language do not resonate with many job seekers. Candidates who like to  “get things done” are looking for job ads that are direct and to the point.



Comments are moderated for appropriate language.

Add your comment:

Contact: Email

About Employment

Todd Palmer
Diversified Industrial Staffing and Diversified PEOple, LLC

Todd Palmer is founder and president of Troy-based Diversified Industrial Staffing and Diversified PEOple, LLC. Since 1997, Palmer's companies have helped over 4,300 people secure employment — improving their lives and the lives of their families. In turn, his companies have collectively billed more than $50 million in revenue.

From 2007-2013, INC Magazine named Diversified Industrial Staffing to its INC 5,000 list of the fastest growing companies in America. In 2011, Diversified Industrial Staffing was named a Michigan 50 Company to Watch. In 2009, Palmer published his first book, The Job Search Process, which helps people get new jobs in as little as seven days.

His company has been featured in INC Magazine, The Detroit News, DBusiness Magazine, Crain's Detroit Business, and MetroMode. Palmer has been on the radio with the Business Reality Network and the Dan Mulhern Show, and was featured on Entreprenuer Television in a 30-minute sit-down interview.

Palmer is a graduate of Eastern Michigan University with a bachelor's degree in Organizational Communication and minor in Marketing.

Recent posts

Archive »
The Downsides of Increasing Minimum Wage Keeping an Eye on the Labor Participation Rate How Employers Can Avoid a Bad Hire Every Business Leader Should Do a Triathlon — At Least Once Potential Job Turnover Crisis Looming Firing Can be Good for the Company and Employee Vocational Education Viable Alternative for State's Workforce The Battle for Talented Employees to Get Worse Manufacturers Among Leaders of Job Creation in 2013 Finding Dream Job Takes Effort, Commitment

This site is a member of the City & Regional Magazine Association Online Network