How to Reach Passive Job Candidates

Virtual Interview Days & Meet & Greets

Regardless of where you stand on the practice of finding passive candidates, the reality is we need passive candidates if we’re going to make successful hires and fill our staffing needs in the tight labor market.

Many referrals from employees and colleagues are not active job seekers, yet they remain one of the most sought-after candidate pools to hire form.  It is not to say that employed candidates are better to hire, it is to emphasize that there are many more passive candidates that could be a good fit for your open positions than there are unemployed or active job seekers. The trick is letting them know you are hiring, and how to get in front of them.

What is a Passive Candidate?

Passive candidate are currently employed and are not actively looking to change jobs, but may be open to a new opportunity if it presented itself.  On average only 30% of the workforce is actively looking, which means 70% of the workforce remains passive.  Among passive candidates:

  • 15% are occasionally networking and researching new opportunities
  • 45% remain open to speaking with recruiters
  • 40% describe themselves as content in their current roles and will not entertain new job offers

An important point to consider is even though 40% are ‘not interested’, it doesn’t mean you shouldn’t be positioning your company in front of them.  At some point, they often do move to the other profiles, and they will remember your company when that time comes.

How to Engage with Passive Candidates

There are three main talking points that can get a passive candidate’s attention.

  1. Better salary and benefits
  2. New responsibilities and room for growth
  3. Better work/life balance

A lot has changed in recruiting, but when it comes to these points, a lot has stayed the same.  People typically respond when one, or all of these conditions can be improved by taking on a new job.

Before you begin any type of outreach to passive candidates, there are a few things you need to have in order.

  1. Set up a referral program
  2. Work on your employer brand
  3. Provide the best possible candidate experience.

Referrals remain a powerful tool to fill open positions.  For a referral program to be successful you need to keep it simple, offer incentives and give recognition when someone is hired through the program.

To attract these passive candidates, even after a referral, your company brand needs to meet their expectations.  A positive company culture that is diverse and inclusive and values work/life balance will go a long way to getting that candidate to the interview table.

The interview and their experience from the moment they meet you, to the time they receive a job offer needs to be professional.  The candidate needs to feel as if they are the only person the company wants for that position, and they value them even before they are offered the position.  This type of approach will often stand out among other employers that may be interested in the same candidate, and make the difference in their decision.

Providing Access to Your Company – A person who is a passive candidate, is employed and has very little time to spare.  If you get their attention through networking, referrals or other efforts, they will want to speak with you or gather more information without requiring a great deal of time.

Virtual Interview or Meet and Greet Days are a great way to let this audience know that you are looking for experienced candidates and provide remote access to meet and explore opportunities.  To be successful, these events need to ensure privacy, no candidate is going to want to be in a Zoom webinar or group chat.  You also want to make sure that candidates that attend will not have to wait in a queue to speak with someone.

Using a virtual event platform like Premier Virtual will provide your candidates with the access and privacy they are looking for during this early stage of the hiring process.  We recommend that you offer these events consistently (for example once per month at the same day of the week and time), and promote them using social media, and on your website career page.

During these events make sure to have all HR hands on deck, so that every passive candidate can quickly be welcomed and engaged.  If you want to learn more about Virtual Interview Days, or Virtual Meet and Greets, please contact PremierVirtual.com for a free demo.

Attract Qualified Job Candidates with Virtual Interview Days

Many employers continue to struggle to attract and hire qualified candidates.
There are many different issues at play, but one thing is certain; a bad hire can cost a company an average of 240,000! – based on a study by Link Humans that was shared by SHRM.org
The astronomical costs are a result of many different factors. Here is what the SHRM report cited:
Calculating the Cost of a Bad Hire
The cost of recruiting, hiring, and onboarding a new employee can be as much as $240,000, according to Jörgen Sundberg, CEO of Link Humans, an employer branding agency in London. There are extra costs incurred when that person turns out to be a poor fit, not the least of which may involve finding a replacement. Brandon Hall Group, a human capital research, and analyst firm based in Delray Beach, Fla., identified several variables that go into calculating the cost to replace a bad hire. They include:
  • Recruitment advertising fees and staff time.
  • Relocation and training fees for replacement hires.
  • The negative impact on team performance.
  • The disruption to incomplete projects.
  • Lost customers.
  • Outplacement services.
  • Weakened employer brand.
  • Litigation fees.
While this number may surprise you if you own a company or are responsible for hiring, you know that any bad hire is a drain on your budget and often can have consequences on morale for the entire organization.
To compound the problem, a tight labor market often forces recruiters to make hasty hiring decisions. A warm seat is better than an empty seat is the mentality, and you hope to be able to train up the new hire into a good fit.
Another study by CareerBuilder points out that hiring managers can be so desperate to hire, they overlook glaring issues and offer the job anyway. It’s not always the candidate’s fault or the candidate trying to cheat on the application; it is often a poorly trained recruiter not asking all the right questions in a rush.
So, how do hiring managers attract more qualified candidates?

 

Expanding the talent pool leads to more resumes and the likelihood of interviewing more qualified candidates. When you have a larger selection, there’s a much better chance that you will find the best candidate for the position.
The traditional route of posting an opening on job boards and in-person job fairs seems to deliver the same job seekers. Companies finding success have begun to incorporate virtual hiring events and have introduced “Virtual Interview Days”, to the hiring strategy.

These virtual interview days have been a game-changer. They have revealed the pent-up frustration of qualified job candidates that apply for jobs and never hear back from the employer. All of them agree it’s better to get a ‘no’ than a no-answer. This frustration has reduced the number of job-seekers willing to send applications to job openings they believe they’ll never hear back. Instead, they seek the more secure referral or networking route, where they know they’ll be heard and will also hear back.

That’s precisely why Virtual Interview Days are so powerful. Candidates that apply realize they will at least get an opportunity to chat with the recruiter. On the Premier Virtual hiring event platform, If that chat goes well, the recruiter can invite the candidate into a video interview. This pre-screening process gives the recruiter an excellent opportunity to see if the candidate is a good match and if a formal interview needs to be scheduled. Of course, if the fit is right, the recruiter can make a job offer on the spot so that the candidate does not go back into the search and potentially lose the candidate to another job offer.
Dana Morrison, the Teacher Recruitment Manager at the East Baton Rouge Parish School System, has experienced virtual interview days’ most significant success. After just one week, they made five new hires and are very happy with the people they are attracting. The strategy has proven so successful; they are running a virtual interview day every Tuesday in October from 1 pm-3 pm. Candidates can now plan around those days and times, get their profiles ready, and recruiters can meet them virtually.

 

Premier Virtual, a future-focused hiring event platform, recognized this potential and offers this ‘virtual hiring room’ as a stand-alone option for innovative companies that prefer this option to career fairs or hiring events. By incorporating the link of a Virtual Interview Day to your job posting, not only do you receive the resumes of interested candidates, you get to chat with them and see them during the virtual interview day. Plus, the virtual hiring room is open 24/7, so candidates can stop in anytime, learn more about the company, and submit their resumes anytime for the recruiter to follow up.

 

It’s what Premier virtual has said all along, ‘Hiring Happens Here’.

 

If you are interested in learning more about your own 24/7 virtual hiring room or how you can host a virtual interview day, please schedule a free demo at www.PremierVirtual.com.

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