The Race for Talent
The Race for Talent
Key Trends, Insights, and Professional Solutions for Effective Recruitment
Did you know that the key to successful recruitment and retention now goes far beyond simply finding the “right candidate”?
Both the domestic and international labor markets are experiencing increasingly fierce competition for experienced professionals. In recent years, several essential HR trends have emerged that every modern, competitive company must take into account:
- Focus on Retention
Did you know that the cost of losing a key employee can reach 50–150% of their annual salary? This loss is not only financial—it also brings a significant setback in terms of knowledge and team dynamics. According to an internal Microsoft survey, 41% of employees surveyed in 31 countries worldwide planned to change jobs in 2021—dramatically increasing the importance of effective recruitment and selection.
- Flexible Work and Hybrid Models
Top candidates now expect flexible, hybrid work opportunities as a basic requirement. Data from LinkedIn shows that companies offering a hybrid work environment have seen their turnover rates decrease by approximately 35% over the past two years.
- Internal Career Paths and Development
A third of employees would change jobs if they do not see opportunities for development. Providing internal training and advancement is now essential for talent retention.
- Employee Experience and Engagement
Did you know that a positive workplace culture and transparent communication have been proven to boost loyalty and productivity?
According to a Gallup survey, organizations with high employee engagement enjoy 23% higher profitability and more, than 40% lower turnover, compared to average companies.
How prepared is your company for these challenges?
- How fast and efficient is your organization currently at filling open positions?
- Do you have a strategy for successfully reaching Generation Z and professionals in shortage occupations?
- To what extent are you leveraging digitalization in your recruitment and selection processes?
- Have you assessed how much time and cost you could save in recruitment with external support?
The solution: Recruitment in expert hands!
The BDO Recruitment team works to ensure that our partners quickly and effectively find those candidates who not only meet professional requirements, but also remain committed and motivated over the long term. With our extensive network, up-to-date market knowledge, and modern pre-screening methods, we can:
- Shorten the search time,
- Increase the accuracy of matches,
- Significantly reduce selection risks,
- Support organizational stability and engagement.
Don’t let turnover or unsuitable staff hold your business back!
Request a detailed introduction to BDO Hungary’s Recruitment Services, or book a free consultation today!