Giant Noise and similar companies face talent acquisition challenges due to competition with larger firms, but recent trends show an increasing preference among applicants for smaller employers.
A recent report indicates that nearly 40% of job applications on the Handshake platform are directed towards organizations with 250 or fewer employees, a significant increase from previous years.
To tackle recruitment issues, small and mid-sized businesses should concentrate on hiring local college students and graduates, leveraging the talent pool available in their communities.
Small and mid-sized businesses are twice as likely to report being at a disadvantage in talent management compared to larger firms, primarily due to limited resources.
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