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Businesses all over Australia are recruiting - and many of them are struggling.
The Labour Market Information Portal found that the recruitment difficulty rate was 68% in January 2022, an increase of 11% from the month prior and representing a record high level of difficulty in hiring new talent.
Our own The Great X report found that the biggest challenge for employers was competition over applicants, highlighting just how difficult it can be to attract talent in 2022. If you’re struggling to recruit new staff for positions at your company, here are seven sourcing strategies to try this year.
If the talent pool in your area isn’t offering results, consider widening your net – perhaps even to a worldwide scale.
Whether you extend your reach to remote workers across Australia or around the world, you’re expanding your potential options and giving yourself a greater chance of finding the right hire.
You may even be able to find local talent who simply prefers the flexibility of being able to work from home, but who would be happy to make the occasional trip to the office for key meetings.
This is largely driven by the work-from-home arrangements of the past two years. One study found that 84% of Australians considered working from home (or anywhere) a competitive advantage for employers.
Graduates fresh out of university or study might not have experience, but with some time and on-the-job training, they can become valuable assets.
If you’re currently looking for talent with several years of experience, consider whether you may be able to onboard a graduate and upskill them instead. This investment can balance out when you consider the lower pay rates of talent with little-to-no experience, and pay dividends when it comes to finding a talented individual seeking career development opportunities.
The Great Resignation isn’t just happening here in Australia. Our report, The Great X found that 86% of survey respondents in India were looking to resign within the next six months (the highest in the world), with 74% planning to resign in Asia Pacific, and 67% planning to resign in Japan.
Those people have to go somewhere, and if you’re willing to look overseas for talent who would be willing to make the move to Australia, you may be able to find the right fit.
Perhaps your perfect candidate is already following everything you do on social media – or perhaps they’re a friend of someone who does.
Leverage your social media channels to advertise your available roles, putting the benefits of each position at the forefront of each post. Encourage followers to either apply for themselves, or to tag a friend who might be a good fit.
This year, many businesses will be able to start getting ‘back to normal’ and attending in-person events. Conferences, awards shows, and other events can be instrumental in finding new talent.
Even if you’re not currently seeking new candidates, attending industry events can be a good place to gain contacts that could later become candidates, or who could put you in touch with the right people.
Your existing employees may have contacts from their training programs, universities, past workplaces, or industry meetups that could fit the bill.
An employee referral program will encourage your existing employees with various incentives (usually financial, but you can get creative) to refer their contacts. This can help you attract talent that will also have a head start when it comes to getting to know the team and the company culture.
Reach out to Michael Page, the recruitment specialists in Australia with more than 40 years of experience in connecting businesses with viable candidates. We use our in-depth local knowledge and global reach to find the best talent for your company, and take the time to verify candidates with reference checks and testing.
Get in touch today for assistance with finding the right talent for your organisation.