< Back to all insights

Calling all candidates…

by Jay Scott August 26, 2011

​As the numerous consultants we work with will attest, you can’t beat a good 2-by-2.

So here’s one.

It shows the swings of negotiating power between employers and candidates, driven by their relative quantities in the market. It looks particularly at ‘good’ candidates (as identified by whatever measure of employability you choose).

While the recession doubtless trimmed some organizational fat, good people were lost as well as bad (more so as time went by and the cuts bit deeper). So, as the number of good candidates looking for work increased, the general hiring freeze gave them nowhere to go.

As optimism returned to the economy, the first employers to thaw were able to pick the best candidates, encouraging them to open more vacancies.

Eventually, the supply of good people dries up, and employers with peaking workload are forced to compete for the few who remain. We’re already seeing this so-called ‘battle for talent’ in the consulting industry, where candidates are receiving multiple offers and counter-offers.

Inevitably, the economic cycle will throw up another boom or bust and the process will repeat.

Now if only someone could come up with a 2-by-2 which predicts that.

Jay Scott is a consultant on the Interim Team at FreshMinds Talent

Image 2022 02 25 T07 42 12

Stay in the know

Get the latest business insights, news and events, straight to your inbox.

Image 2022 02 25 T07 41 52

This site is not supported by Internet Explorer. Please use Chrome, Firefox, Safari or another browser to fully view and utilise.