Are you ready for The Great Resignation?

With news that the Great Resignation is set to hit Australian shores in 2022, business owners, recruiters, and HR teams all over the country are gearing up for peak volume. Here are four tips from the Selectpay team to kickstart your planning.

1. Review your tech stack

Rec tech is an innovative and ever-evolving space, so if you haven’t revisited your tech stack for a while, now might be the time. There are some great ATS solutions out there, like RDBNow, that maximise productivity – perfect for an influx of clients and talent. Also worth a look are tools that speed up your recruitment process. One we love at Selectpay is Referoo – a leading Australian online reference checking platform that takes the hassles out of references and improves turnaround time.

Whatever your needs, there’s likely a tech solution out there, so it’s a good time to review your stack.

2. Build your network

Whether you are a recruiter or someone looking to hire for your own business, your network will be key in a busy market. With everyone keen to get back to socialising and face-to-face events, it’s the perfect time to be connecting with people and a great way to find your next hire.

There are some fantastic networks out there that can help you find candidates, opportunities, partners and just generally build out a killer professional network. If you are in Sydney, check out Club United Business, who offer a range of membership benefits and fantastic networking opportunities.

3. Make sure you have the right partners

From your software to your payment solutions and everything in between, your partners should understand and support your business goals. Many agencies will be preparing to meet ambitious growth targets in 2022, and at Selectpay, we believe it takes a village.

We have a fantastic, supportive business community right here in Australia, so look for local partners that understand your market and your goals, and provide the support you need. And if a partner is not making the grade, it may be time to move on and find someone who will step up.

4. Support your business and your clients to thrive

The Great Resignation will be a double-edged sword for business owners and recruiters alike, presenting both challenges and opportunities. While there will be opportunities for businesses to pick up some great talent, chances are, they’ll lose some too. And this can get costly.

In business, we are all too aware that hiring is expensive. The upfront costs of recruitment and onboarding can be expensive, even though finding the right candidate is a worthwhile investment.  Whether you are a recruiter or a business owner, a partnership with Selectpay can offer you and your clients a flexible payment solution.

Selectpay’s buy now pay later solution is designed specifically for your industry. It enables clients to select the candidate they want now and pay later to better manage cash flow – all while you get paid upfront. Check it out at selectpay.com.au.