Business & Economics
Avoid Using the Word 'Senior' in Financial Analyst Job Titles Overqualifying a position by including the word 'Senior' in the title on a job post can shrink your candidate pool, regardless of the requirements. Because job seekers use the title to help gauge whether they should apply and may question whether they're Senior. What does overqualifying a role mean, anyway? Overqualifying a role can mean giving it a title that seems more senior than the requirements imply. It can also mean asking for non-standard requirements or requirements that don’t fit the job market. For example, a tech job in San Francisco, where the candidate pool is large and differentiated, can ask for different requirements than a tech job in Boise. What companies in the U.S. say about these roles depends on who’s speaking. Some companies think of a Senior Financial Analyst position as a junior role. Others think of Financial Analyst as a mid-level role and Senior Financial Analyst as a senior role. How companies act is something else. Companies use Senior in over half of all titles for financial analyst roles requiring less than three years experience, while less than one percent for Senior Financial Analyst roles require more than eight years of experience. This suggests that companies are inflating titles. So, how does including Senior in financial analyst titles impact the size, quality, and diversity of candidate pools? To figure that out, Datapeople collected recruiting process data for financial analyst roles in the United States. Then we compared jobs with Senior in the title to those without. Compared to jobs without, roles with Senior in the title receive on average: 29% fewer applicants, 39% fewer qualified applicants, and 27% fewer female applicants. The impact is clear. Final note: You can actually use any title you want internally, just so long as you avoid using Senior in the title on your external job posts. Contact Us At: https://datapeople.io/ .