Often Used Excuses:
"Ugh, these millennials are so high maintenance."
"Unemployment is just so low."
"We can't afford what we truly need."
Down and Dirty Truths:
As an HR and Recruiting expert, I've recognized that one of the biggest challenges for growing companies is finding and retaining good talent. A theory of mine is because millennials (like me) were hired by companies because we were seen as talented and valuable - but virtually had no autonomy. We weren't being heard, we were being micro-managed, and ultimately cleaning up messes that we strongly warned against. So here began the movement and exponential increase of entrepreneurship. It has reached a point, however, that there are too many entrepreneurs and not enough talent. Additionally, we are seeing that being an employee is increasingly becoming something that is socially looked down upon by many of these entrepreneurial influencers (shamefully and wrongfully so) which has also led to the dramatic increase in free-lancing.
I've got news for you - the economy will naturally down shift and consumers will become more cautious of how they're spending their money which will "expose" businesses who focus more on appearance than they do on improving their inferior product - What comes after that? Businesses will shut down and talent will be available. I call these people the "low-hanging" talent.
How do you bring talent back to the work place? The workplace needs to evolve. Employers need to market their business as a Great Place to Work just as they market their business to consumers. Employers need to speak about what it's truly like to work for their company - what are their values? What issues do they prioritize? How is every single person included in the overall vision for the company? How is the company serving the community? How are they solving problems?
Most applicants applying for positions are only those not working or unhappy with their current workplace - not a large pool. Marketing a company's brand as an employer will open up opportunities for those who currently work and aren't necessarily unhappy - but looking for a company that is more aligned with their own values. This is very important in today's candidate-driven market because if you thought millennials were difficult - GenZ is disrupting the economy with their demand to know what companies are doing and how they're doing it.
Here are some tips to attract the attention of passive applicants: