Dorset executive search and selection company, Engage Executive Jobs, are warning employers they risk losing high calibre candidates to rival companies by procrastinating when it comes to making that vital job offer.
With the recovering economy and marked growth – particularly within specific industries such as IT, engineering and construction – job seekers are now finding themselves in the position of having a choice of good quality job offers, leaving employers who are slow to offer more competitive contracts and long term benefits and incentives, losing out to their rivals.
Availability of permanent staff continued to fall in February, with the rate of decline in availability accelerating to its sharpest for 10 years, according to the latest KPMG/Recruitment & Employment Confederation (REC) Report on Jobs.
Engage Executive Directors, Frances Miles and Tracey Wood, have already experienced situations where clients haven’t acted quickly enough throughout the recruitment process and have lost their ideal candidate to a rival firm who were ready with a better offer.
Engage Executive Director, Frances Miles, said: “Typically, post-recession, there is always a very sharp rise in the number of permanent jobs and this time round it is no different. Currently the number of good quality candidates are far fewer than the number of roles available. We are advising our clients to move quickly and make a formal offer to a candidate once they are sure they want to engage them, otherwise they will risk losing them. It is also important to consider the offer that is made as we are finding that candidates have the choice of 3 or 4 jobs, so companies are coming under increasing pressure to ensure they offer the most competitive salary packages they can.”