5 Ways to Prepare Yourself for a Job Market Bounce-back
Despite a lull in business for some agency recruiters over the past 12 months, the UK job market is expected to take off towards the middle of 2021, thanks to the vaccine rollout and easing COVID-19 restrictions. This means we can look forward to better, busier times ahead in recruitment! Here are a few actions you can take to ensure you’re fully prepared.
Familiarize yourself with industry changes
If you haven’t worked with clients within a particular industry over the past 12 months due to low hiring activity, now is the time to make sure you’re up-to-date on any industry-specific changes or new legislation. By reading up on sector publications and subscribing to newsletters from companies who work in that space, you’ll soon get up to speed on areas such as the sector’s unemployment rate, the impact of Brexit and competitor performance. It will also give you clarification on government policies, like furlough or other COVID-related schemes.
Take advantage of the talent pool
As we’re all aware, there has been an influx of fantastic candidates over the past 12 months. If you’re not as busy with live roles, it’s a great idea to register as many of these candidates as possible. This will ensure you have access to a strong talent pool from which you can quickly pull candidates when jobs are called in. You can also take advantage of the people who are on your radar by communicating regularly with them. They can tell you how they’re finding their job search and where else they’re interviewing, giving you a better understanding of the market. It will help you to develop a relationship and a degree of loyalty among your candidates, which will be extremely important when the market improves.
Showcase your expertise
If you’ve always wanted to invest your time in developing your personal brand, take advantage of this opportunity and put yourself out there! As recruiters, we have a unique insight into the market, and our conversations with our clients mean we are well informed on workplace trends such as diversity and inclusion, wellbeing, and remote working. So, use your expertise and start producing your own content. Whether you want to try your hand at writing articles and publishing them via LinkedIn, or you want to start your own podcast or video series, the possibilities are endless.
Prepare your candidates
When talking to your candidates, it’s a good idea to give them an indication of when you expect the market to pick up, so they can prepare for it. Help them by working through their CV to ensure it’s up-to-date with no errors, and by practicing common interview questions. It’s also a good idea to go through any gaps on their CV, so they know how to explain them to an employer during the interview process.
While we’re expecting an influx of new roles over the coming months, the competition for jobseekers is also likely to be fierce. As a result, you should prepare your candidates so they’re as responsive as possible. Let them know you will likely be moving very quickly from receiving a job spec to sending over a shortlist, so they need to jump on any opportunity they’re interested in.
Keep your clients informed
When reconnecting with your clients, remember that they may not have prioritized hiring lately. They’ll likely be interested in hiring trends in their industry, so prepare a handful of key points you can share. As many companies are likely to retain more flexible working practices moving forward, your clients may also have questions around remote hiring and onboarding processes. By preparing your best-practice tips, they will feel encouraged and supported as they tackle a new way of hiring while positioning you as a thought leader in your space.
As recruiters, we can take advantage of quieter periods in hiring, allowing us to prepare ourselves for when activity picks up in our sector. If you know how to spend your time wisely, it will put you in good stead for the hiring boom to come.