At the end of last month, Sinead Connolly, Director and Co-Founder of Lotus People sat down with Employment Hero’s Talent & Acquisition Manager, Kate Jolly for another insightful webinar covering some of the most pressing issues that are happening in the employment market today; – candidate sourcing and attraction, employee retention and engagement, and creating a highly effective recruitment process that gets results.

We came away with notable, value-adding market updates that you can apply to your talent to ensure your company has the best attraction and retention.

• SEEK hosted the highest number of job ads this January and February 2022, showing us that demand for candidates is skyrocketing with an increase of 5% month on month.

• From our standpoint, The Great Resignation is in full swing; the market is in its most competitive state now but this also presents a lot of opportunities for recruiters and agencies to think innovatively about how to improve the hiring process.

• Offering candidates remote working increases an employer’s value proposition as job-seekers are looking at this, together with work flexibility, as their top job motivators.

• Retention and making sure your people are happy should be any company’s core focus. It’s important for employers to step back and take a look at what you are giving offering your people. The main elements of this, according to Kate Jolly, are as follows: 

• Compensation 
• Culture 
• Transparency 
• Progression

• Employee mental health shouldn’t be limited to daily check-ins but should also include empowering employees regularly and leaning on free training tools provided by the Black Dog Institute.

• Owning the application process matters. From the briefing stage to the completion stage, communication with candidates should be consistent to keep up with the fast-moving market. It also helps build candidate trust and sets a strong first impression for their experience with the business. 

Overall, the employment market is moving quickly and the only way to keep up is to shape your talent strategy in a way that is aligned with this market.  We hope this webinar recap is helpful for you. Learn more about the latest market trends and ideas and updates by messaging us for a recording of the webinar at info@lotuspeople.com.au.

Lotus People will also continue to keep you informed in this hyper-competitive market with guides and presentations jampacked with strategies and tactics to keep your business in the front line of talent sourcing and retention. A copy of our talent strategy guide for 2022 is now available as a downloadable file on our website – get the report today here.