Talent Management | How to strike the right talent balance

The hiring balance has shifted with good candidates holding more cards than ever before. From flexible working to career development – the competition for attracting talent is tough.

HR teams across the UK are facing some of the biggest recruitment challenges with record job vacancies, rapid acceleration of new skills and changing needs from new hires are making attracting and retaining talent tougher than ever before.

Job vacancies at an all-time high 

The Office for National Statistics (ONS) reported that the number of vacancies topped one million during June-August 2021 which is a third higher than pre-pandemic levels and all sectors are up compared to February 2020. This has led to an increase in job vacancies which means it can be difficult for companies to stand out to candidates – furthering the shortage.