As predicted, the job space has experienced a significant swing from an employer driven, to a candidate driven market. It’s simple, with organizations experiencing more success and more confidence, comes the creation of new positions. The demand exceeds the supply; therefore, we are seeing a war for top talent!
Business is driven by the bottom line and those who can improve it. So, how do we handle this crisis and find these superstars? By acting now! Waiting to reactively hire, when there is a need will create a trickle-down effect of challenges, including hiring the wrong person, not hiring at all, or losing the existing overworked staff. And all will come with a monetary cost to the organization.
A recent article illustrated this very scenario:
“Imagine you’re walking down the street and see $1,000 on the sidewalk. Would you pick it up? What if you didn’t have enough room in your purse or wallet for ten $100 bills? What if you were tired or in a hurry? A good employee is the business equivalent of that stack of $100 bills. A top performer earns the company 67% more than an average employee. It takes a special kind of stupid to step over an opportunity to earn money simply because the timing isn’t perfect. Something so simple for someone to understand in their personal life is utterly thrown out when they become a business owner.” (LinkedIn.com)
All business leaders must keep an open eye for the next great addition to their team, open position or not, because the alternative will be costly.