Breaking Out of a Slump: How to Revamp Your Recruiting Strategy

October 14th, 2016

Ross Campbell Financial Services Insurance Recruiter
By Ross Campbell, Toronto Financial Services & Insurance Recruiter

When posting a job, many hiring managers have visions of mountains of resumes from top candidates and being able to hire from the cream of the crop. However, this is not always the case in the finance industry. There are many companies out there that struggle to fill positions with qualified candidates and struggle to attract top talent in the finance industry.

If you are having issues attracting candidates, then perhaps it’s time for a refresh. It’s time to revamp your recruiting strategy and take a new approach to hiring. The truth is that the reason many companies struggle to hire effectively is because they are using dated and ineffective recruiting strategies.

How to Break Out of Your Recruiting Slump

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“Today’s typical job recruiting is not doing companies or candidates any favors. But the good news is, there are some simple fixes that can address the biggest challenges employers and applicants face in the process,” says David Sturt and Todd Nordstrom on Forbes.

Here are some simple ways to break out of your hiring slump:

Go where the action is: Unfortunately, we still have to say this, but if you are not posting jobs online, you need to start immediately. 79% of candidates look for jobs online, and if your job posts aren’t online, you are going to miss out on a huge portion of the available talent pool. Take things one step further by doing some research to find out the top job boards for your industry.

Cast a wider net: Often times, and particularly in the finance industry, job posts include a laundry list of requirements, and some posts have so many requirements that it would be difficult for any candidate to qualify. This can scare off candidates from applying. Rather, take a slightly more general approach, loosen up a bit on job requirements to cast a larger net to encourage more people to apply for the positions available.

Get some outside help: Sometimes it can be as simple as having someone take a look at your recruiting efforts with a fresh perspective. Hiring a recruiting company in Toronto can give you the boost you need to revamp your recruiting strategy and fill your prospect pipeline with qualified candidates.

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Following these three simple tips can help you break out of your recruiting slump. Learn more from our finance and accounting recruiting by checking out these insightful blog posts:

Networking Is Power for Finance Professionals

4 Ways to Seamlessly Jump Back into Your Career After Time Off

5 Tips to Advance Your Finance Career at a Young Age

 

IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Financial Services & Insurance, Marketing Communications & Media, Emerging Tech & Telecom, Consumer Goods & Retail, B2B & Industrial, Technology, Accounting & Finance, HR & Operations and Mining & Engineering. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.

Ross Campbell

Ross Campbell is a Partner and Practice Lead, Financial Services & Insurance with IQ PARTNERS. Celebrating over 10 years of management consulting experience in executive search, recruitment, and training in Canadian financial services and insurance companies, Ross thrives on the belief that business can be done significantly better by investing in the right people.