Economic Uncertainty Makes Recruiting Passive Talent Harder

Today’s passive talent is harder to dislodge than they were just three years ago. A huge hurdle for recruiting given the importance many organizations place on attracting passive talent. Job offers that used to pique their interest, like salary increases and better managers, are less appealing in today’s uncertain economic environment. In our recent global labor market survey we found that only a meager 21% of passive prospective candidates would be likely to accept a job that offered a 15% salary increase. This represents a decline of over 40% from 2006, when over 35% of passive prospective candidates would be likely to take a job with a significant increase in pay. Recruiters trying to attract passive talent will need a lot more than a small salary bump to get the attention of today’s passive talent pool. After all, no one wants to be the "last in-first out."