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April 20, 2017

The Job Market Is Hot. What Does That Mean for Employers?

If you’re a hiring manager, you know the job market is as hot as it’s been in years. Competition for talent is intense. That means it’s harder to attract great new employees, and harder to keep the ones you already have.

What does that mean for you? Here are some things to think about:

  • First, defend what you’ve got. Make sure your top performers know how much they’re valued, and make sure you are doing what you can to keep them happy.
  • When recruiting, make thoughtful, considered decisions, but don’t dither. These days candidates have lots of opportunities, and delay often means losing a great candidate.
  • Don’t be pressured into hasty decision making, or cut corners on your hiring process. Hiring decisions made in haste tend to be bad. Instead, accelerate recruiting by putting it at the top of your priority list.
  • Don’t throw money at the problem. If you have a compensation plan that makes sense, stick to your guns. Overpaying creates all kinds of problems downstream.

Good luck!

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