Unemployment is at an all-time low. Employment is at record highs. Corporate executives grumble about the war for talent, but their own actions hinder the hiring process and turn off potential candidates.
During the financial crisis and the ensuing years, companies were able to easily attract top talent at lower salaries—since there were so many people out of work. Fast forward to today, the job market has dramatically changed. It is now exceedingly challenging for corporations to find and hire people with specialized skills and experience.
I’m usually not the smartest person in the room, but I understand a little bit about Economics 101. If demand greatly exceeds the supply, something has to give. With respect to hiring, there are more jobs open than people available. When it comes to highly specialized positions, the number of suitable potential applicants becomes very small. This means that job seekers need to be enticed to leave their current jobs and accept a new position. It could be done by offering a person more money, making the process super easy, showing love and compassion for the job seeker and offering intellectually challenging and rewarding work with internal growth opportunities.
Companies are doing the exact opposite of what they should be doing. Instead of wooing job seekers, they are making their lives insufferably difficult and driving them crazy. If you are looking for a job today, it’s likely that you’re going to encounter the following: