Over half of employers hire unsuitable staff, finds Talent Party
Over half (52%) of UK businesses are struggling to find the right talent, resulting in half of hires over the last two years not fully meeting their original job spec, and one in five not meeting the original job spec at all. This is according to a new, independent survey of 200 line managers commissioned by Talent Party, the world’s first recruitment marketplace for talent, launching in the UK today.
The research found that 77% of line managers would like more control over searching for the right candidate, while 74% think that the recruitment industry should make better use of technology to service recruitment needs more efficiently. At present, inefficient recruitment processes are forcing businesses to compromise on the quality of candidates that they hire, with 46% of respondents citing that the process simply takes too long. In almost half of cases (48%), it takes more than two months to recruit someone.
Line managers said that their biggest stresses at work stem from recruitment inefficiencies, such as managing staff who are underperforming (56%), finding staff with the relevant skills (41%) and managing a team that is understaffed (40%). Many respondents also reported that unfilled vacancies are resulting in employees feeling overworked (66%), more stressed (54%) and having low morale (42%).
Talent Party is set to positively disrupt traditional recruitment with its candidate model by accelerating the recruitment process, providing a faster and better outcome for employers, whilst generating a profitable and sustainable revenue stream for agencies. Distinct from CV libraries or online networking tools that have been growing in popularity, Talent Party is a marketplace that aligns the motivations of both employers and recruiters and ultimately helps reduce the time and cost to hire.
Talent Party aims to transform how employers recruit talent using a web-based tool that hosts hundreds of thousands of candidate profiles, all of which have been verified by recruiters. It enables employers to identify talent, create their own shortlist, and connect with recruiters to arrange an introduction when they identify strong candidates, giving them greater control over the recruitment process.
Anne Eastwell, Krispy Kreme HR Manager for Australia, who recently hired through the platform said: “The marketplace allowed us to very quickly shortlist suitable candidates and arrange preliminary and final interviews. It’s quick and easy to use, and is a great money saver for businesses!”
Jamie Carlisle, Founder and CEO of Talent Party, adds: “Although employers recognise that recruitment will never be foolproof, they often feel they don’t have enough control over the process and end up placing inadequate candidates. We’re turning the traditional recruitment model on its head by putting employers in the driving seat and letting them choose who makes the shortlist.
“This isn’t about cutting out the middleman though. Recruiters play a crucial role in providing trusted consultancy to employers and by letting employers ‘self-serve’, recruiters can focus their time on live opportunities rather than on cold calls. Better use of technology and giving employers more control will help revamp an industry that has been weathered by the jobs crisis.”
Talent Party is already changing the recruitment dynamic in Australia following its launch in November, with over 3 million candidate profiles available and 100 employers on board. So far, over 70 employers have signed up to use the service in the UK and almost 4 million unique candidate profiles are already available in the UK.
This was posted in Bdaily's Members' News section by Talent Party .
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