Recruiting

What’s the Over-Underneath on That Candidate’s {Qualifications}?

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The time period “over-under” is commonly used within the playing world. An over-under guess is a wager through which a sportsbook will predict a quantity for a statistic in a given sport (normally the mixed rating of the 2 groups), and people will wager that the precise quantity within the sport can be both larger or decrease than that quantity.

Within the recruiting world, it’s not gambling-related, however do you typically end up enjoying the “over-under” sport? This sport isn’t “official” however is fairly a thought course of: You undergo a pile of candidates and reject over- or underqualified candidates as a result of they aren’t a terrific match for the function.

Do {Qualifications} Even Matter?

When expertise was briefly provide, pre-COVID, recruiters have been fast to rent underqualified candidates, with the concept that these employees might be upskilled to fulfill the calls for of the function, however now that the underside has fallen out of the candidate-driven market, will underqualified candidates nonetheless get a proposal?

Keep in mind the 2008 recession? After the inventory market collapsed and unemployment skyrocketed, overqualified candidates have been determined to reenter the workforce. It was so unhealthy that executive-level employees have been settling for jobs at McDonald’s simply to make ends meet. Given the financial fallout from the coronavirus pandemic, we’re extra worse off now than we have been throughout the Nice Recession!

As corporations start to begin rehiring employees—and for these which can be nonetheless attempting to fill vacant roles—we’ve received to ask: Do {qualifications} even matter nowadays?

For a more in-depth have a look at why corporations rent over- or underqualified candidates, SimplyHired not too long ago surveyed 984 hiring managers for his or her perception and hiring practices. The survey was used to look at how typically corporations contemplate over- or underqualified candidates, how these candidates are perceived, and the methods through which corporations try to arrange their staff for fulfillment.

The infographic beneath highlights the important thing findings from the survey. To study extra or view the complete report, click here.

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