In the current competitive economy, there has been an increasingly trend for overqualified people to apply for a position that requires a lower skill set standard. At first, overqualified applicants bring along many advantages including a wide range of knowledge and experience, leadership and management potential. On the other hand, due to the “over” factors, many business owners hesitate to hire these outstanding candidates because they fear that will jump to other companies if they have better offer available.
In the first part of the article, Faro Recruitment Vietnam will help you to rethink about the term “overqualified”. Simply being qualified in term of a specific skill or experience cannot decide whether a person is qualified, competent or motivated enough to fulfill the actual task. Unfortunately, both job seekers and recruiters assume that they are the same. For example, a high quality profile including more than 3 years of international accounting experience and global certificate such as CPA and CFA cannot guarantee that he or she will do the task of auditing the international consolidation process under a strict deadline with limited resources.
It is very difficult, if not almost impossible to find a “perfect employee” who “perfectly match” with all requirements listed in your job description. In most cases, recruiters find themselves in the situation of choosing over underqualified or overqualified candidates. Although, there is a tendency to choose the latter other the former, there are both advantages and disadvantages accompanied with both of them. Below are some key factors to consider when making recruitment decision on an overqualified candidate.
• Expanding the pool of talent: By taking into consideration potentially overqualified applicants, you will gain access to the wider range of talented candidates who are willing to join your organization.
• Better productivity: With more experience and expertise, overqualified employee will help business owners to achieve a faster return to full productivity.
• Cutting down on training costs: With high quality candidates, you are likely to reduce training costs. On the other hand, they can also offer innovation and creativity to your business operation.
• Achieving a faster ROI: With higher quality than other employees, hiring an overqualified candidate will help your organization get a faster return on investment. They have the ability to make significant changes that contribute to the success of the organization.
• Inspiring the whole team: With superior experience and expertise, your overqualified staff has the ability to teach new things to other members of the team, bringing up the skill level of the whole organization. Other staff, in return, may appreciate the help from senior employees.
However, all these benefits listed above can also have negative sides. Commonly, overqualified candidates offer outstanding results in the beginning phrase; however, they can ironically bring about underperformance and difficult to manage. This is due to the fact that if a person feels or is in fact overqualified for a vacancy, they tend to be bored and find other job options to jump to. Therefore, employers are advised to look for a way to engage overqualified candidates in order to keep them accompanied.
If you are struggling to find your perfect match for a position or cannot decide over an overqualified and an underqualified candidate, our experts in HR management and recruitment from Faro Recruitment Vietnam will help you review and evaluate all the pros and cons of each potential applicant. Not only will we check the competence, their personality will also be carefully taken into consideration. With our final report, you will see a strong, credible indicator of how they’re likely to perform on the job in your organization.