No longer a “buyers’ market” for employers

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In the past week, we’ve had three companies miss out on hiring specific applicants for direct-hire positions because other companies grabbed them first. Two of the employers simply didn’t move quickly enough and the third didn’t pay enough.

Since 2009, those employers who were hiring had their pick of a large pool of unemployed workers.Now, however, that pool is much smaller and employers are now forced to compete for top talent.

In one case, a company was ready to make a direct hire offer to a candidate for a production graphic arts position. The hiring manager had a busy schedule and delayed the final interview and job offer for a week. In that week, the candidate accepted another job offer. This candidate had been out of work for over two years, but the offers were finally coming in.

In the second case, the employer was seeking a CNC Machinist/Programmer in the range of $20-25/hour. The candidate was currently making $30, but they decided to pursue him. In the span of 8 days, they repeatedly cancelled and re-scheduled a 2nd interview. After the second delay, the candidate accepted another direct-hire offer.

The third case involved an experienced customer service person for a manufacturer of technical industrial products. The company offered the candidate $38,000 to start, but she accepted a similar job with another manufacturer at $46,000.

Overall business economy may not be back to pre-recession levels but the job market has been strengthening. It’s no longer a buyers’ market.

Republished with permission. Originally published by Craig on our employers’ blog in 2009.

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