Candidate Glut
- Topics:
- Interviews,
- Recruitment
- Tags:
- Human Resources,
- Recruitment & Selection,
- Society For Human Resource Management,
- Staffing,
- Workforce Management
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Overview: The article asserts that the has time changed. In the past two years, the talent market has gone from famine to feast, with staffing specialists working to match a flood of applicants to fewer positions. In this transformed climate, many HR departments are amending their recruiting and screening processes to find the best hire among hoards of out-of-work applicants. The candidate glut is a mixed blessing: A down economy generates more unqualified applicants to sift through, but the higher volume of resumes means there could be more qualified people in the batch as well. In some aspects, the change in the market has made things better. HR should carefully review its recruiting and hiring practices to buoy the good ones and tweak the poorer ones in response to the change in labor market demand. But experts do not recommend wholesale changes. Economists have predicted a moderate economic recovery for the latter half of this year and into the next. Companies will likely respond to positive indicators by filling the staffing gaps created by austere hiring budgets in the past year, boosting competition for the best candidates.
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Format: HTML | Date: Aug 2003 | Pages: 1
