Over the past two years, recruiters in the executive and managerial space have observed significant changes in hiring practices, the most important being a shift from an employer-driven market to a candidate-driven market.
Following this trend, new data indicates the talent market is now overwhelmingly driven by top performers. Recruiters who responded to the most recent MRINetwork Recruiter Sentiment Study provide cautionary advice to employers who haven’t yet awakened to the new reality.
“I have been recruiting for nearly 11 years and I have never seen the market more candidate-driven than it is now. Candidates have choices and ‘A’ players are being heavily courted,” said a recruiter responding to the study.
According to the report, in the second half of 2013, 79% of recruiters described the labor market as candidate-driven, up 12 percentage points from a year ago.