The Future of Hiring & Recruiting: Emerging Trends in Talent Strategy for 2021 and Beyond
Significant shifts in the job market and business landscape are ushering in a new era of change, complexity, and opportunities for companies as they seek to acquire top talent. The advent of the internet of things (IoT) and related technology have helped drive these shifts, up-ending business models, processes, and strategies along the way.
A survey by Oxford economics has cited globalization, advances in technology, changes in labor demographics, competition, and customer needs as the primary factors that will influence organizations’ talent requirements in the years to come. Have a look at our highlights of the most significant trends in the recruitment and talent search process in 2021 and beyond.
1. AI and Automation in the Recruitment Process
Most lists of recruitment trends these days will include something about artificial intelligence. The use of AI in the recruitment processes has gained momentum, and task automation is now a critical tool for any recruitment team.
Artificial intelligence has relieved recruiters of some of the most time-consuming and mundane tasks, allowing you to focus on more important actions and initiatives. And technology could take on an even greater role in the coming years. Firms are increasingly using AI to source and screen candidates as well as schedule interviews. Businesses that fail to adopt these recruitment automation tools are likely to lose candidates to more tech-oriented competitors.
While AI may not currently handle the actual interviewing of candidates, it has rendered the screening process faster and easier. Skills testing and AI-driven interviews may just prove to be the initial steps towards a more fully automated recruitment process.
Some benefits of AI in the recruitment process include:
- Saves time
- Improves the quality of talent hired
- Streamlines screening
2. Workplace Diversity and Inclusion
Diversity entails building a labor force that comprises people with different levels and types of talent, capabilities, religion, age, gender, and race. It’s well established that diverse teams perform better, so it’s no surprise that there is a raising need for employers to embrace inclusion in their hiring and business practices.
Some of the benefits of workplace diversity include multiple perspectives on business matters and projects, better employee engagement, enhanced team creativity, and faster problem-solving. Employers are working on policies that eliminate bias at all organizational levels and are phasing out outdated requirements that hindered workplace diversity.
Likewise, the best staffing agencies are renewing their efforts to provide adequate focus for underrepresented demographics, ensuring all candidates can attain equal opportunity for employment.
3. Creation and Maintenance of Talent Pools
The competitive talent market has sent businesses scrambling for every likely source to address the shortage of qualified skills. Traditional recruitment strategies have been primarily focused on external hiring. However, soaring skills deficits are now prompting recruiters to search internally as well, giving rise to the creation of talent pools.
Talent pools offer organizations a solid and effective alternative to address their talent needs. With competitors dangling irresistible offers to court potential candidates, businesses need to stay ahead or risk losing their best staff and missing out on the best talent in the market.
Job promotions can be a good way to foster loyalty within your current workforce, while offering competitive compensation and benefits packages will turn the heads of the most skilled candidates in the market. Consider also creating a database of applicants who fell slightly short for previously advertised positions. You can then extend invitations to them in the event you scale operations or they are a good fit for another opportunity.
4. Data-Driven Recruitment and HR Analytics
The use of data-driven metrics is quickly gaining momentum in today’s recruitment landscape. This relatively new and significantly superior recruitment strategy involves making hiring plans and decisions based on data and scientific methods. Companies
will increasingly depend on logic-driven analytics to better understand the supply and demand for talent in the coming years.
Under the data-driven approach, recruitment teams can identify the most pressing organizational issues and use analytics to describe these issues as well as evaluate likely outcomes. Best practices for data-driven recruitment entail the consistent use of data analysis to get insights, assess alternatives, and monitor progress.
Data analysis is the key to workforce planning. It will help you be forward-looking and proactive so that you can visualize and anticipate where your business is heading and what kind of talent you will need moving forward.
5. Employer Branding
Two-thirds of job seekers consider a prospective employer’s brand before applying. Many factors contribute to making a great employer brand, and employee perceptions about what is most valuable in a prospective employer’s brand are continually evolving.
Today’s employees are looking beyond corporate prestige, monetary incentives, and perks to also take into account business values, culture, and alignment to ethics. Most candidates want to work for a company that contributes positively to the world.
Your employer brand entails every touchpoint a prospective candidate has with your organization. Your social media presence, careers site, the recommendation of current employees, and reviews of your company significantly influence how your organization is perceived.
As a result, leading organizations are shifting from a more generic employer brand to a concerted and strategic effort at attaining brand resonance. This means listening with empathy to candidates, job seekers, and employees to craft a brand proposition that attracts the skill and talent you want.
6. The Proactive Recruiter
The role of a recruiter continues to be more dynamic and diverse year in year out. The talent market is highly competitive, and recruiters must shift to proactive hiring methods to thrive.
Efficient technological tools, in-depth knowledge of the job market, and effective recruitment strategies will help you accelerate and streamline your hiring workflow.
Who We Are
DoverStaffing is a full-service staffing solutions company rendering superior staffing services for more than two decades. We are recruitment moguls and leverage care and integrity to bring you top professionals to fill your company’s skills gap. We staff companies and businesses across all sectors, from corporate to medical and everything in between. Feel free to contact us today for more information and expert advice on emerging recruitment trends!
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