Tag: Talent Crunch

Benefits of Hiring a Candidate with Limited or No Experience

Is hiring a candidate with less or no experience a good idea? Amidst the pandemic induced talent -crunch one could argue that hiring a candidate who can knows how to handle the pressure, the workload, in other words, a candidate who has some experience sounds like a good idea. After all, it takes some wisdom of experience to cultivate that adaptability, that attitude of anything-can-be-figured-out. On the other hand, the talent-crunch also means that companies could be looking for people desperately and amidst it all, hiring a candidate with no or limited experience might be one of the few options they have and could feel like a gamble. Companies, managers might be hiring such candidates reluctantly, and/or might be having major doubts about their competence, preparing themselves for the worst.

Turns out, companies can heave a sigh of relief, because hiring candidates who have limited or no experience has its own set of benefits, as these two articles by CiivSoft and Millennial Magazine point out. Let us quickly have a look!

A Blank Slate:

Candidates with no or limited experience are much more receptive to new ideas. Their lack of experience means they will be eager to learn and get some of that experience. They could prove to be excellent persons to be mentored. Be it learning a new skill, or cultivating a certain work ethic, they are the ones who could be the starting points of the establishing a company-culture you desire as a manager, or as team-leaders.

They are determined to prove themselves, and hence are likely to be much more proactive and hard-working.

Best of Both Worlds:

Some of the candidates with limited experience may have done internships. Or they may have a good hold on the ‘theory’, for example, they might have recently finished their education, leading to a freshness of relevant concepts in their minds. In other words, they would have acquired the relevant skills and knowledge and they would be itching to apply those to practical, real-world use. What’s more, their skills and knowledge might actually be more updated when compared to those of the older more experienced candidates.

The combination of fresh skills and knowledge, coupled with an eagerness to apply is a recipe for getting fresh perspectives and approaches.

Practical Considerations:

Beyond all the considerations about skills, competence, fresh perspectives and approaches, lie the practicality of hiring a candidate with limited or no experience. A candidate with more experience will demand more salary, because they will have the credentials to do so and naturally, the cost of hiring them would be more.

A candidate with less or no experience would be motivated by finding a job in the first place, and they might actually not demand a high salary. Their motivation is to learn and gain experience; the motivation of an experienced candidate is to get a better job, a better pay. (We will go into the nuances of this in our coming articles. Watch this space!)

Of course, it is to be noted that this does not mean that companies should use that as an excuse to exploit the lack of experience through unfair compensation.

What does this mean for the candidate with no or limited experience?

 Well, apply! Apply without worrying whether you have the necessary experience or not. As long as one is willing to learn, adapt, it is never a bad idea to dream big!

Hiring a candidate with limited or no experience can work well for the company in terms of offering fresh perspectives, of moulding the company- culture in the desired direction, of mentoring the workforce of and for the future. Hiring a determined young lad now could prove to be a springboard for a future leader.

Talent Crunch? Silver-Medal Candidates to the Rescue!

Companies have been facing challenges when it comes to finding and hiring talent. Post the pandemic and the WFH scenario, coupled with the Great Resignation, many people, especially the younger generation, often referred to as the Millennials and Gen-Z, have chosen to not ‘go back’ to the office. They prefer jobs which offer options to work remotely and/or have flexible working hours. Moreover, the Great Resignation also saw people resigning as a way to pursue what they really wanted to do. Such factors have resulted in companies facing acute shortages of talent.

What does this mean for companies and people who are actually looking for jobs? It means a massive opportunity for and from the silver-medal candidate.

Let us quickly have a look at what this means.

Who is a silver-medal candidate?

Silver-medal candidates are the ones who made through the various rounds of interviews but didn’t land the final job. They are the ones who just didn’t make it due to a variety of reasons.

Why to think about a silver-medal candidate?

In a culture of cut-throat competition, one often forgets about the second place. A second preference, a second opinion is sometimes reduced in value and hence ignored completely. An attitude like that could actually go against finding and retaining talent. Based on what an article by Business Chief points out, let us have a look at why silver-medal candidates shouldn’t be forgotten about, and that it is necessary to optimise the ATS to keep their records handy. Whether it is keeping the silver-medal candidates in touch via emails about relevant openings for them, to simply keeping them engaged in any other way, not ignoring silver-medal candidates goes a long way. Let us see how.

  • Saves Time: One reason why companies should not ignore silver-medal candidates is the interest and already established engagement. The fact that they had applied earlier means that they were interested in the company at some point and they could be still interested. This means the talent-finding process need not be started from the scratch and one can just simply scan the ATS again and find the required resume and details. This obviously can save a lot of time and resources that goes with creating and advertising job postings. This takes us to the next point.
  • Familiarity: Silver-medal candidates are already familiar with what the company has to offer, they have already done their research, they already know the process. They could also have had established a certain rapport with the interviewing panel and the HR. They are also more likely to respond. All they need to know is what the new opportunity is and one might speed up to the negotiation process instead of trying to figure out if the candidate is actually interested in the job or are they simply appearing for the interview for the ‘experience.’
  • They Might Have Got Better Now: A silver-medal candidate almost landed the job earlier, which means they were the runners-up. A look at the Olympic podiums shows that even though gold is considered the best, the silver and the bronze very much mean that the athlete is at a high skill-level, almost as good as the gold, as an article by Herefish points it out.

The silver-medal candidate had the skills and the competence already and they just about didn’t stand first earlier but that there are skills and competence is a given. Chances are that over the period from the previous job opening to what we have now, the silver-medal candidate might have in fact improved on their skills and qualifications.

  • Reflects Well on the Organisation: Companies often tell once the process is over that they will reach out to the candidates if a new opportunity arises, but they rarely do. By actually reaching out to silver-medal candidates, companies can improve what the article by Business Insider calls ‘employer brand’ in a more positive manner. Even if the candidate may not be interested at the moment, the fact that the company remembered them and reached out to them stands out, and at the very least is likely to make them feel valued and recognised. This is in turn likely to create  ‘positive buzz’ around the company, a good word of mouth, attracting talent.

What does this mean for the candidate?

For the candidates, it means one important thing- do not lose hope if you didn’t get that job! Whether one gets the job or not, a cordial parting ‘thank you’ email, letting the company know that they’d be interested in any other new opportunities could go a long way. Going through the interview process but not getting hired is not time wasted. There are multiple reasons why one might not have got the job, but that doesn’t mean one should stop learning new skills, improving on what they have and give up on the idea of unexpected opportunities!

Amidst the Great Resignation, the emerging post-pandemic work culture and the resulting talent shortages, companies could benefit a great deal from keeping the communication-lines open with those silver-medal candidates who had the skills and the competence but just about didn’t make the final. It saves time and resources for the company, and it could be a beacon of hope for someone in need!