To be the best, a company needs to hire the best. However, hiring the right talent to meet your business needs is no easy feat. Here are the 3 biggest hiring challenges a business will be up against.
In theory, the hiring process sounds simple enough. You post your job ad, and call candidates in for an interview. If you like them and they make a great first impression, the next step is to sort out the paperwork and they can begin working for the company. Sounds easy enough. Doesn’t look like there should be any real big hiring challenge or complications. Should be no problem, right? Not exactly.
3 Biggest Hiring Challenges
As it turns out, hiring may not be as straightforward as it seems. A business could face several challenges during the hiring process, with the 3 biggest challenges being the following:
- Attracting the interest of the right kind of candidates who were qualified for the position.
- Conducting the interview with the right kind of hiring questions.
- Negotiating salary and compensation packages for the suitable candidates.
Aside from the 3 biggest hiring challenges mentioned above, other hurdles a hiring manager could face involved preparing position descriptions. Managers often struggle with the challenge of differentiating between preferred and essential qualifications. Some employers don’t realise what a challenge it can be to accurately explain or describe the position requirements of the employee until they have to do it. Some managers might also have trouble identifying what an appropriate job title should be for the position.
Reasons a Potential Candidate Turns Down an Offer
Attracting the right candidates is only one half of the challenge. Once you think you’ve found the right fit for the job, what happens if that candidate happens to turn you down? Turns out, this is another hiring challenge that a business might encounter. If a potential candidate turns down your offer, there could be several reasons why they did it:
- Your compensation package offered might be lower than what they expect.
- They might decide to accept a better offer.
- The benefits offered are limited.
- They don’t see opportunities for growth with your company.
- They don’t believe they are the right fit for the job after the interview.
- They believe they won’t fit in well with your company’s corporate culture.
Yet another obstacle in this dynamic is the struggle faced by managers when it came to identify the required soft and interpersonal skills in a potential candidate. This often results in failed hires, which happens when a company discovers that the candidate they hired turns out to be a poor skill set match after all. Conflicting personalities, poor performance and being unclear about expectations are just some of the many reasons why an employee might fail in their new role. Looks like the hiring process is more challenging than it looks.
This article was first published on 3E Accounting Pte Ltd. Information is correct at the time of publication.