In today’s economy, there are more jobs than there are solid candidates. Nowhere is this pinch felt more sharply than in the hospitality industry. Typically, in the first quarter on 2018, hospitality and leisure jobs remained open for 21 business days before being filled, a 7 percent increase over the same quarter in 2017. With the right strategy, you can beat the competition to the best people and get them ramped up fast.
Everything old is new again.
Your best source of candidates might be right under your nose. There is a high rate of turnover in the hospitality industry. That’s bad news when you lose someone, but can be good when it comes to new hires. If you previously lost a top candidate to another opportunity, they may be ready to make a move again. It’s up to you to convince them your grass is a little greener. So, crack open your ATS and recontact a few of those who got away and see if you can re-engage them.
Yes, you can phone a friend.
Another top source of candidates is referrals. Who better to know who will be a great fit for your hotel or restaurant than someone already successfully working there? If you don’t currently have a formal referral program, consider launching one. If you can offer a bonus, even better. Even if you’re not paying out bonuses, it still makes sense to ask current employees if they know someone you should consider hiring. It’s in their best interest to have great co-workers, making hiring referred candidates a win-win.
How do you measure up?
You don’t have to be the highest-paying employer on the block, but you’ve got to keep up with the joneses if you want to attract the best people. Benchmark your compensation against the competition. As a reference point in Q1 2018, hospitality employers in the US paid an average of $15.81 per hour, a 3 percent increase from 2017.
Partner with a hospitality recruiter
Working with a hospitality recruiter can speed up the hiring process. Not only are they hiring experts who can get the job done faster and more efficiently, they can be working on hiring tasks while you continue with other initiatives.