The National Association for Business Economics feels the recession is officially over and job cuts will begin declining by the end of March, 2010. NABE panelists agree that there will be continued job loss during the rest of 2009 but they expect job losses to “bottom” during the first quarter of 2010. However, 61% of the panelists believe there will not be a full recovery of lost jobs during the recession until sometime in 2012.
If these predictions are correct, organizations should be preparing now to ensure their recruitment procedures are streamlined and optimized for future hiring needs. Data collected from TMP Worldwide’s New Hire Surveys indicate employer communication with candidates during the application process is consistently low. Take advantage of this lull in recruitment to train your recruiters and hiring managers on the importance of communicating with applicants during the application process. Develop standards requiring recruiters and hiring managers to personally follow up with applicants within 24 hours of receiving their resume. Reach out to candidates within a day after an interview and check in with them regularly to advise them of their application status. Candidates should receive an employment offer or notice of rejection as soon as possible.
By consistently communicating with candidates during the application process, they will feel special and important to your organization before they are even hired. And, if a candidate is not offered the position, they will take their positive application experience with them and may re-apply for a better suited position at a later date. It’s never too early to start building a platform for retention; it starts in the pre-employment process!