HR recruitment specialist Eyzon is advising clients to think carefully about the benefits and pitfalls of “buy back” in a resurgent market.
Partner Matt Brooks said the long awaited and very real recovery in recruitment, had also seen the return of the buy back solution, but businesses should beware the possible consequences. He comments:
“Conversations are happening along the lines of ‘don’t leave us now, you’ve stuck with us through these really tough times and we’re coming out of it… I tell you what, here’s your pay rise/analyst/secondment/sabbatical, please stay with us, we all love you here,’ but statistics prove that the buy back solution is rarely successful.
“The individual seduced by promises of change is invariably left disappointed and uncomfortably aware that they’ve damaged the psychological contract for good.”
Eyzon advises its global client base to counter the threat of buy back with the highest quality recruitment process, from start to finish.
“Adopting the right recovery position is about three fundamental golden rules,” said Matt. “Great candidate experience, strong employer branding and flexible work solutions.
“Pace, real communication, honesty and clarity are vital to the candidate experience, from the receipt of the CV right through to their start date. The power of a favourable employer brand cannot be underestimated – you only have to look at this year’s RAD Awards to see what good can look like in this space. And the population size, work ethic and drivers of success for people seeking three or four day a week contracts, compressed hours or working from home, creates a highly valuable and barely-tapped talent pool. Businesses who are addressing these key areas are already reaping the rewards.”
Eyzon is based in Leeds and London and is headed up by Matt Brooks and Paul Duffield, providing recruitment consultancy, search and selection and talent mapping services for clients seeking HR talent across all industry sectors for both permanent and interim roles.
