Stuart Gentle Publisher at Onrec

Lack of relevant candidates impacts hiring efforts, but recruiters remain confident

Despite a staggering 81.5% of recruiters saying that a lack of relevant candidates is impacting their recruitment efforts right now, 85.4% still feel confident about hiring in 2020

That’s according to the latest report from the UK’s leading independent job board, CV-Library.

The study surveyed over 300 recruitment professionals to gain insights on the current state of the recruitment market in the UK and also identify some of the key trends for the year ahead. It reveals that nearly two-thirds (63.8%) of recruiters plan on increasing their level of hiring in 2020, despite 61.9% stating that their budgets will remain the same.

Alongside this, when asked what their top recruiting priorities are for the year ahead, respondents cited the following:

  • Attracting higher quality candidates (69.6%)
  • Building talent pools for the future (35.6%)
  • Targeting passive candidates (30.1%)
  • Reducing cost per hire (29.4%)
  • Reducing time to hire (28.8%)

Lee Biggins, founder and CEO of CV-Library, comments:

“We know that a number of factors have impacted hiring in recent months. From the General Election, to ongoing economic uncertainty; good candidates have a choice and this means it’s harder to recruit than ever before. Despite this, recruiters are confident about their plans for 2020 and this is a positive update for the industry.

“Clearly, our findings suggest that the majority of recruiters plan on taking a more proactive approach to hiring in the year ahead; and this will be crucial if you are hoping to attract higher quality candidates to your jobs. The fact that more recruiters want to focus on quality over quantity is a real step-change for an industry that tends to be numbers focused. But it definitely has the potential to help reduce cost and time to hire.”

What’s more, a staggering 91.3% say that the quality of applicants will be more important than quantity this year. A further 78.6% also say that candidates still hold the power in the current market, with 75.6% feeling the pressure to focus on candidate experience when hiring.

Biggins continues:

“Certain pressures are encouraging recruiters to think outside the box when hiring; whether that’s how they define what a qualified candidate looks like, or how they measure the success of their process. With this in mind, it’s important to think about your priorities for the year ahead and the tools you can maximise to help you reach your goals.”

Read CV-Library’s full ‘Recruitment trends for 2020’ report:

About CV-Library

CV-Library is one of the UK’s largest online job sites and attracts over 4.3 million unique job seekers every month. Founded by Lee Biggins in 2000, CV-Library is the UK’s leading independent online job board with a database of over 14 million CVs.