War for talent

March 18, 2022

  • The ’war for talent’ continues, building upon months and months of rising job vacancy levels
  • And increased competition means many firms have resorted to inflating salaries and offering lucrative work perks to get the best in class
  • But when almost every firm in the hiring market offering similar benefits, how can leaders be sure they’re recruiting the best of the best?

UK workplaces are in the midst of a hiring crisis. The fallout from Brexit, coupled with the impact of the coronavirus pandemic, has seen many workers return to their home countries, and many sectors across the nation are struggling to plug gaps as a result.

Furthermore, the latest ONS figures, reported on today by the Financial Times, show that the unemployment rate has fallen to 3.9% in the three months to January, down from 4.1% in the previous quarter, while the employment rate increased to 75.6%

But with record levels of job vacancies comes increased competition for the best candidates. So how can leaders sort the wheat from the chaff, and then lure these candidates away from other enticing job offers? Grapevine Leaders has collated some ideas below:

Make your offer ‘magnetic’

All leaders should be well acquainted with an employee value proposition (EVP) – or the balance of what an employee ‘gives’ for what they ‘get’ out of their role. In the current climate, leaders must accept that this balance is weighted on the side of the employee. This means that your EVP must offer what others cannot. Development, strong structures, progressive work-life balance and the assurance that hard work will result in further opportunities are a must.

Work perks

Recent data from London-based workplace benefits marketplace Juno has shed light on the lengths firms are going to in an attempt to keep existing staff happy, and attract fresh talent.

Among the ‘work perks’ being doled out by some bosses are: free video game vouchers, plants, regular meal kit deliveries, and at-home cleaning services for work-from-home offices.

Juno polled a sample of 110 businesses using its platform, and found a “significant spike” in demand for these "non-conventional workplace benefits".

Work-based perks are far from a new trend, but increasingly we are seeing a shift towards more quirky offerings.

Hybrid models

Future Strategy Club (FSC) recently revealed that 58% of UK workers now want flexibility in their current role, with 43% agreeing that they would consider leaving their job if not given a hybrid work option.

This means firms must respond to this request and proactively develop their employee retention strategies to ensure longevity, and to attract a generation more concerned than ever with purpose, flexibility and work-life balance.

Shout out about your office culture

According to CV-Library research, working for a company with an attractive culture is actually more important to younger workers than their wages, as is feeling a sense of purpose and mission in their careers. So, building a culture in which values are keenly felt, wellbeing is considered, and communication/collaboration are abundant, is essential.

Source: Liam Soutar, Grapevine Leaders

Link: https://www.grapevineleaders.com/content/article/2022-03-15-as-vacancies-hit-record-high-what-do-you-need-to-do-to-attract-staff

RECENT POSTS

New Employment Rights Bill: Key Updates and Impact on Recruitment

READ ARTICLE

October 11, 2024

Switching off from job boosts productivity - No 10

READ ARTICLE

September 13, 2024

Candidate shortage afflicts two-thirds of businesses

READ ARTICLE

May 7, 2024

Will Britons work until they’re 71? Expert examines proposed pension age rise

READ ARTICLE

May 7, 2024

World Mental Health Day - Over eight in ten businesses seeing increased employee demand for more work wellbeing benefits

READ ARTICLE

October 10, 2023

9 Do’s and Don’ts of Asking Questions in Job Interviews

READ ARTICLE

September 4, 2023

TUC warns better regulations are needed to protect workers against AI

READ ARTICLE

July 24, 2023

UK businesses struggle to recruit staff needed to fill key roles

READ ARTICLE

July 24, 2023

UK wage growth rises at fastest pace in two years

READ ARTICLE

June 16, 2023

Workplace AI: How artificial intelligence will transform the workday

READ ARTICLE

May 23, 2023

Workplace words glossary: A dictionary of the most used slang words in the workplace

READ ARTICLE

May 23, 2023

10-Step Checklist Before You Send Your Application

READ ARTICLE

February 7, 2023

ATS systems and your CV: 5 things you need to know

READ ARTICLE

February 7, 2023

National Apprenticeship Week – start your career and earn while you learn

READ ARTICLE

February 7, 2023

UK staff to have right to ask for flexible working from day one in job

READ ARTICLE

December 7, 2022

Qatar World Cup: Bosses issued advice over staff wanting to watch games during work

READ ARTICLE

November 21, 2022

‘Fully remote’ roles face steep decline in popularity

READ ARTICLE

November 21, 2022

Two-thirds of UK workers think work-life balance is more valuable than pay

READ ARTICLE

June 14, 2022

Taking a Step Back

READ ARTICLE

March 18, 2022

War for talent

READ ARTICLE

March 18, 2022

Choosing the right industry: how to decide if a job is right for you

READ ARTICLE

March 18, 2022

At What Age Is It Too Late For A Career Change?

READ ARTICLE

January 6, 2022

Four things to remember when dressing for a job: a guide for modern workers

READ ARTICLE

January 6, 2022

Digital right-to-work checks to become permanent from April

READ ARTICLE

January 6, 2022

Flexible working not a given right for employees

READ ARTICLE

December 14, 2021

5 of the WORST career mistakes you could make in 2021

READ ARTICLE

January 12, 2021

HMRC to waive fines for taxpayers who file late returns due to Covid

READ ARTICLE

January 12, 2021

What can you do to boost your new year job search?

READ ARTICLE

January 4, 2021

How to Make Your Job Application Stand Out from the Rest

READ ARTICLE

October 28, 2020

List Recruitment Evesham - We are back!

READ ARTICLE

July 16, 2020

Terry List

READ ARTICLE

July 3, 2020

Has the bounce back begun? Jobs decline slows for first time in a month

READ ARTICLE

June 2, 2020

Home office ergonomics: how to work from home without breaking your back

READ ARTICLE

April 24, 2020

Sick pay from day one for those affected by coronavirus

READ ARTICLE

March 5, 2020

How to love your job

READ ARTICLE

February 14, 2020

An employer’s guide to LGBT inclusion in the workplace

READ ARTICLE

February 7, 2020

Bereaved parents to get two weeks’ paid leave

READ ARTICLE

January 24, 2020

2020's top in-demand jobs

READ ARTICLE

January 7, 2020

Job Hunting in December

READ ARTICLE

December 2, 2019

British workers reject 9-5 as the way to make a living

READ ARTICLE

November 22, 2019

Navigating end of year office celebrations

READ ARTICLE

November 19, 2019

Record low business confidence denting ambitious hiring plans

READ ARTICLE

October 31, 2019

Banning out-of-hours email likely to be harmful to some employees

READ ARTICLE

October 18, 2019

How to improve your Linked In profile

READ ARTICLE

October 9, 2019

What to check for in your contract before taking a job

READ ARTICLE

September 26, 2019

Experience or education: which is more important?

READ ARTICLE

September 11, 2019

1 in 5 Employees Quits Job Over Poor Payroll Experience

READ ARTICLE

September 5, 2019

How to manage your references

READ ARTICLE

September 5, 2019

How to leave a job without burning bridges

READ ARTICLE

August 19, 2019

UK Heatwave: What Are Your Rights At Work?

READ ARTICLE

July 24, 2019

Two million workers could receive statutory sick pay for first time

READ ARTICLE

July 16, 2019

Countdown to IR35 Legislation in the private sector begins

READ ARTICLE

July 16, 2019

Up to a third of new employees aren’t passing their six-month probationary reviews

READ ARTICLE

July 9, 2019

Employer confidence beginning to show signs of improvement

READ ARTICLE

June 27, 2019

How to write a job advert (with examples)

READ ARTICLE

June 27, 2019

What to ask in an Engineering Interview?

READ ARTICLE

June 27, 2019

Worker confidence in the UK jobs market falls

READ ARTICLE

June 26, 2019

The best jobs for work-life balance in the UK

READ ARTICLE

June 26, 2019

Most workers avoiding moving jobs due to low pay, research suggests

READ ARTICLE

June 25, 2019

Over-50s ‘driving UK’s jobs miracle’

READ ARTICLE

June 25, 2019

Government calls on more women to take up engineering careers

READ ARTICLE

June 25, 2019

We have moved!

READ ARTICLE

August 30, 2018

Candidate shortage threatens the job market 'feel-good factor' – REC

READ ARTICLE

August 22, 2018

UK unemployment is at an all-time low

READ ARTICLE

August 14, 2018

List attains REC Audited status

READ ARTICLE

August 7, 2018