Candidate shortages as recruitment rates continue to rise – what’s the solution?

A recent Report on Jobs by the Recruitment and Employment Confederation (REC) and KPMG has revealed that staff appointments are continuing to rise, but the rate of growth has eased to its slowest in over two years. Recruitment consultants have commented that a key factor limiting the making of appointments is down to shortages in qualified candidates. These shortages have been seen across the board, in both permanent and temporary roles. Despite further increase in staff placements throughout June, candidate availability is remaining tight. REC Director of Policy, Tom Hadley, has stated that:

“Businesses are really struggling to find the people they need. Vacancies continue to rise, candidate availability has fallen steeply and we’re seeing this affect the amount of placements being made each month. Starting salaries are being pushed up as demand exceeds supply, but the concern is that business growth is being constrained.”

With Bernard Brown, Partner at KPMG, adding that:

“This growing skills shortage is cross sector and cross discipline: recruiters are struggling to fill vacancies for everything from software engineers to sales.”

With an abundance of recent graduates searching for jobs, volume is not the issue here. A large part of the problem facing graduate recruitment is the ability to find candidates who are suitably qualified for a position, be that through their previous work experience or through academic credentials. Finding the right fit in a candidate is a challenge for many employers, who use traditional recruitment methods such as posting on job boards, hoping that suitable applicants will apply. Businesses have been turning to Gradintel’s matching technology to find candidates for their vacancies. Using our verified record of graduate data, employers and recruiters can pinpoint the key characteristics they are searching for in an applicant. This ranges from academic credentials – down to individual module marks – to information on personality traits, or candidate preferences and interests. Algorithms are used to search for candidates which match the exact characteristics an employer is looking for, and then the tags them – via SMS and email – to apply for the opportunity. It seems that as recruitment rates rise, employers need to be looking to smarter methods to reach those graduates who they really want to employ. Find out more about finding candidates through Gradintel here. If you are a student or graduate (who has not already been registered by your university), and you wish to be tagged for some exciting graduate opportunities – sign up for a free account here.

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