Engineering recruitment in 2023: market overview.
Those that work in engineering recruitment know how much the market can impact it. In engineering, expertise, qualifications, and experience matter greatly, so finding candidates that meet your needs is crucial. However, these candidates may not be as accessible in the current market.
Navigating the recruitment market in the engineering space is about understanding the current climate and knowing what employers and candidates are looking for.
This article explains the current engineering recruitment market and provides the strategies employers can implement to attract and retain top engineering talent in the face of market challenges.
The current engineering recruitment market.
The current Australia-wide engineering recruitment market can be summed up by the statement that there are currently more roles than applicants. The Australian Bureau of Statistics stated that unemployment in Australia is lower than in years.
This is excellent news for the country and its economy. Still, it may lead to recruitment challenges, such as a lack of applicants, for some companies looking to attract and retain talent, especially in the engineering world, which is notorious for its high employee turnaround.
In a climate with more job vacancies than applicants, professionals are in a fortunate position where they will have more employment opportunities.
Attracting the right talent in industries such as engineering is something that Recruitmark understands well and supports you in finding the right candidates in even the most hostile recruitment market.
Why are engineers in demand?
Engineers are currently in high demand due to the market being very advantageous. With more roles than qualified engineers, businesses aggressively market their job postings with unique benefits to attract those engineers.
The engineering industry encompasses several fields and professions, such as mining and renewables, but each requires a level of knowledge and experience that isn’t necessarily easy to come across. Therefore, engineers that already have this background are extremely valuable.
Strategies to recruit engineering talent in 2023.
There are many strategies that employers can put in place to help hire new talent and retain the current team members that they have.
Understand what competitors are offering.
Understanding the current market, specifically what your other businesses are offering potential candidates, is vital for competing in the current recruitment market.
Other businesses will offer various perks to attract applicants to their open roles. These can include but aren’t limited to:
great salaries
generous bonuses
good company culture
time off
flexible working
These are certain benefits that applicants will be looking for, and, as the current market is so competitive, they will be comparing what you offer to what others do.
Work with your team to keep them happy.
Keeping the current team members you have is arguably more important than hiring new ones, so speaking to them about what they are looking for is a great idea. This could include things like a pay increase, better bonuses and flexible working.
If they are experienced engineers, they may even be getting offers from outside. So, considering which of the above perks you could offer, and speaking with them to help you determine this, can save you from having to find even more open roles to fill.
Speak with a recruiter or human resources about your needs.
Recruiting in the engineering space can be challenging, but speaking with a recruiter and working with them to meet your hiring goals can be one of the best decisions you can make.
Recruiters, especially those specialising in engineering-related industries, will understand the current climate, what engineers are looking for, and how to compete with other businesses
Solve your recruitment process issues with Recruitmark, your go-to engineering recruitment agency.
At Recruitmark, we know that your business is about more than hiring new engineers and that this is likely not your area of expertise.
Though this might not be the central part of your job as a business owner or manager, it is for us. We can take on a lot of the pressure and work, as we only present you with potential candidates that we truly feel are right for the role that you’re looking to fill.
Having experts in the engineering field that can work with you, discuss your needs and fill positions that open up within your company can make the whole recruitment process so much easier.
You can contact a team member today and start your journey in hiring the best candidates for your business.