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Unemployment rates are at an all-time high, which might make you think that employers hold all the cards in today’s recruitment market. In fact, many businesses are finding it harder than ever to fill vacant positions, and competition is especially ferocious at a senior level. Landing a top-tier candidate is a real challenge that requires an airtight recruitment process.

In today’s candidate-driven market, there is a stigma around securing elite candidates, and that it takes paying them top dollar to come to work for your company. And if you cannot, then your pool of prospective employees starts to dwindle.

Job candidates generally hate panel interviews. If you’ve ever experienced one, you probably understand why. It’s overwhelming to find yourself outnumbered by strangers who are taking turns lobbing interview questions at you. It’s a lot of pressure, and that kind of pressure can be counterproductive as candidates get too flustered to give detailed answers.

Hiring Top Executive Talent in a Hyper-Competitive Market Co-authored by Debra Kabalkin, Practice Leader, Talent Acquisition and Kyle Robertson, Senior Recruiting Consultant

During the recruiting process, speed is sometimes the differentiating factor for the type of candidate you want choosing you as an employer. It is often true that "the early bird gets the worm" – and in this scenario, that worm is a potential unicorn candidate or high performer.

Is your business struggling with hiring needs? Are you trying to determine which path to take to help propel the company forward and get the right talent on your team? All of the industry buzzwords can be quite confusing when looking for potential third-party recruiting services.