Thanks to tough economic times, employers have seen more overqualified candidates apply for jobs. As a company, it’s hard to decide what to do with these candidates. You don’t want to automatically dismiss them because they do have the experience, but you can’t help but wonder if they have too much experience. Our team at High Profile has prepared this post to help you determine if overqualified candidates are a risk worth taking.
One valid concern that companies have about hiring overqualified candidates is a fear of the candidate becoming bored with the position or that they won’t stay long because something better comes along. If this is something you are concerned about, don’t forget that there are other factors that cause people to stay. For example, a positive work environment, pleasant coworkers, and competitive benefits are all reasons why people stay. If you think your candidate could leave after only a short period of employment, create a work environment that entices them to stay.
Another thing to think about when hiring an overqualified candidate is the potential for growth. If there isn’t any place for them to move within the company, it might not be a good fit. However, if there is a chance for this person to stay with the organization and flourish in the long-term, consider this before making a decision.
Companies also tend to pass up overqualified candidates because of pay, but that isn’t always the best decision. Yes, you may get tons of resumes for one open position — but just because you get a high volume of resumes, it doesn’t mean that getting someone for a lower salary is the most beneficial route to take. If you do decide to hire an overqualified candidate, make sure to pay them what they are worth. Remember, if an employee feels like they are a valued part of your company, they will work hard for you.
Hiring can be a challenging process, especially when you are considering a candidate that may be overqualified for the position. Contact our experienced recruiting team today for assistance with assessing your company needs and how to find the talent you need.