The job market in the Western countries gets really tough. The unemployment rate does not say the truth as many of the unemployed people do not tend to search for the job or they do not have the skill and competencies set suitable for modern organizations.
The HR Recruiters need to get smart in the war for the talents. The usual approach is to include more recruitment sources into the search of the new hire, but this approach is very costly for the company and the result is not guaranteed.
The tough job market cannot be solved by more intensive recruitment. The only efficient solution is about intensive career development and leadership development. The company has to save money on the recruitment of highly specialized jobs and has to invest the money into building the potential inside the organization. This approach takes time and needs a smart implementation plan.
The companies without the plan in the talent and leadership development have to spend a lot of money in the recruitment process and the vacancies are open for a long period of time before being filled with the suitable candidate.
The tough job market is about the change of the mindset in the organization. The organization cannot look for the talents externally, it has to go internally and it has completely change its approach in finding the right potential and to keep the top potentials with the organization.
