How to Compete for Top Talent

In order to stay competitive, businesses must always strive to hire top talent in their hiring and recruitment processes. It can be difficult to keep up with competitors when it comes to hiring top-notch employees, but there are several strategies that businesses can use to ensure they are well placed to attract the best of the best.

Identifying Top Talent 

The first step is to understand what top talent looks like within your industry and business. Every company should have a clear definition of top talent and an understanding of how these individuals would add value to their team and desired attributes to look for. Researching current trends in the industry and reading news stories about successful hires at top companies can help provide insight into who falls into this category. This will also help during the CV review and screening and shortlisting stages as the hiring team will be able to spot desired candidates at an earlier stage of the recruitment funnel.

Talent Sourcing Strategies 

It’s also important for businesses to make sure their job postings are up-to-date and clearly communicate the company’s values. Top talent can be elusive, so businesses should make sure their postings stand out among the rest in terms of both quality and content. Businesses need to invest in various recruitment processes that prioritise top talent. This could include using recruitment software such as applicant tracking systems (ATS), utilising specialised job boards designed specifically for top-level candidates, or even using third-party recruiters/PSL. Developing a strong employer brand can also help attract top talent to your company as well as improve your chances of success in hiring top performers.

Salaries and Bonuses

Businesses should also consider offering competitive salaries and benefits to top performers. If a top candidate is already working for a competitor, it may be worth offering an attractive salary or enhanced benefits package to incentivise them to make the switch. In addition, investing in training & developement programs that help employees enhance their careers and build their skills set will ensure they remain engaged and valued members of the team.

Flexibility and Compromise 

Many job roles have seen great change over recent years with the traditional 9-5 in the office becoming less and less common. Attracting top talent can include being adjustable with working hours and offering flexibility regarding home working. Flexibility of working arrangements can be key in attracting those that may have childcare commitments or those that are outside of a sensible commute distance. Of course, this may be more applicable to certain roles than others but a willingness to compromise is frequently appreciated by applicants.

By taking the time to understand top talent and investing in recruitment processes that support attracting and prioritising the best talent for your business can enhance your competitive advantage of finding the perfect candidate for the job.

Contact Eploy for Applicant Tracking Systems (ATS)

At Eploy, we offer highly configurable Applicant Tracking Systems designed to help you find the best candidates for each and every job opening. Get in touch with our specialist team at Eploy to find out how we can help you meet your recruitment goals.