Currently the market is bustling with activity as companies vie to attract top talent to drive their operations forward. However, amidst this flurry of activity, there are two significant issues that candidates consistently raise: salary packages and the speed of the recruitment process.
The Current Market Landscape
The FMCG food manufacturing sector is one of the most vibrant and competitive markets in the UK. With companies constantly innovating and expanding, the demand for skilled operations and maintenance staff is at an all-time high. As a recruiter, my role is to bridge the gap between these companies and the talented individuals they seek to hire. However, this is no easy task given the current market conditions.
The Importance of Competitive Salary Packages
One of the primary concerns for candidates in this sector is, not surprisingly, the salary package on offer. In a market where skilled professionals are in high demand; a competitive package is crucial. Candidates are not just looking for a job; they are seeking roles that provide financial stability and recognisze their expertise and contributions.
With the cost-of-living burden, we are all facing currently, many candidates have shared with me their frustrations about salary packages that do not align with industry standards or their expectations. Whether due to an aging workforce, candidates are also appreciating that pension contributions are important and that the difference between a 5% or 10% pension contribution makes a significant difference in the overall package offered. In this a competitive environment, companies must ensure they are offering attractive and competitive salary packages to avoid losing top talent to competitors.
The Need for Speed in the Recruitment Process
The second major issue that candidates face is the speed of the recruitment process. A lengthy and drawn-out recruitment process can be a significant deterrent for candidates. Currently most candidates I am representing will have two, if not three other opportunities in progress.
I have witnessed numerous instances where candidates drop out of the recruitment process simply because it takes too long. In response to this, some clients have responded by streamlining their processes, reducing them to just one interview. This approach not only speeds up the recruitment process but also shows candidates that the company values their time and is serious about making a swift hiring decision.
Adapting to the Challenges
To successfully navigate these challenges, both recruiters and companies need to adapt. Here are some strategies that can help:
1. Competitive packages: Companies should regularly benchmark their salary packages against industry standards and ensure they are offering competitive compensation to attract and retain top talent. (would we offer to support this as a value add for active clients?)
2. Streamlined Recruitment Process: Simplifying and speeding up the recruitment process is crucial. This could involve reducing the number of interview stages, making quicker decisions, and maintaining clear and consistent communication with candidates throughout the process, transparency around timescales is crucial during the upcoming holiday season.
3. Transparency and Communication: Keeping candidates informed about the status of their application and providing feedback promptly can make a significant difference. Transparency helps build trust and keeps candidates engaged.
4. Flexibility and Adaptability: In a rapidly changing market, being flexible and adaptable is key. This might mean adjusting job requirements, being open to candidates from diverse backgrounds, or embracing remote work options.
Conclusion
As a recruiter, focussing on the FMCG food manufacturing sector for the last 7 years, I am acutely aware of the challenges that candidates face in today's market. By addressing concerns about salary packages and streamlining the recruitment process, we can create a more efficient and attractive environment for top talent. It's an exciting time to be in this industry, and with the right strategies, we can navigate these challenges and help you connect great candidates with great opportunities.
If you have any questions or need assistance with your recruitment needs, please feel free to reach out. Let's work together to build a stronger and more dynamic FMCG food manufacturing sector in the UK..
Paul Bradley
Recruiter - FMCG Food Manufacturing Sector, UK
