
Last year, recruitment wasn’t easy. Businesses faced time-consuming candidate searches, a shortage of high-quality candidates, and increased competition for talent.
Flexa’s 2024-2025 report highlighted some key hiring trends:
– Flexibility is a must: candidates want more control over their working patterns, with “core hours” becoming a popular model.
– Skills shortages remain a challenge: many businesses struggled to find the right talent, especially in specialist roles.
– Counteroffers were at an all-time high: more candidates accepted job offers, only to stay put after being tempted with more money or better benefits.
– Candidates are more selective: people expect transparency on salary, benefits, and work culture upfront, with many ruling out companies that don’t offer this.
– Employer brand matters: businesses that failed to showcase their culture and EVP (Employer Value Proposition) found it harder to attract top talent.
Source: https://flexa.careers/
One of the biggest challenges I see is businesses lacking the time and resources to thoroughly search for and assess talent. When hiring isn’t a structured process, this can lead to:
– Slow recruitment cycles: taking too long to hire means losing great candidates to competitors.
– Settling for “good enough” hires: rushing the process often results in candidates who aren’t quite the right fit, leading to turnover or performance issues later.
– Increased costs: a bad hire costs time, money, and team morale. The CIPD estimates that replacing a mid-level employee can cost up to £12,000.
– Falling victim to counteroffers: if a candidate isn’t fully engaged in your process, they’re far more likely to be swayed by a counteroffer. A strong candidate experience reduces this risk.
One of the biggest reasons candidates accept counteroffers is because they feel comfortable where they are. If they aren’t fully invested in your company at the interview stage, they’ll be tempted to stay put for a pay rise.
So, how do you stop this from happening?
1. Make the candidate experience a priority: the best candidates have options. If your process is slow, impersonal, or unclear, they’ll disengage. Keep communication high and make them feel valued from the first conversation.
2. Sell your business beyond the salary: if money is the only thing attracting them, they’re at risk of a counteroffer. Make sure they understand the career progression, culture, and values that set you apart.
3. Engagement starts at the interview: people want to work somewhere they’re excited about, not just where they feel comfortable. If you can create that connection early, they’ll be less likely to be tempted by a last-minute offer to stay.
– Get clear on your hiring priorities: don’t recruit reactively. Plan ahead and build talent pipelines for critical roles.
– Refine your assessment process: ensure you’re testing for skills, cultural fit, and long-term potential – not just ticking experience boxes.
– Manage the full candidate journey: keep candidates engaged, informed, and excited about joining your business.
– Use external expertise when needed: if your internal team lacks the bandwidth for thorough searches, consider using a recruiter who understands your industry and can find the right fit quickly.
Each month, I’ll be sharing insights on recruitment trends, hiring challenges, and practical strategies to help you build high-performing teams. If there’s a specific hiring challenge you’re facing, let me know – I’d love to cover it in a future blog or newsletter!
Here’s to a strong start to 2025.