As newer technological advancements break the shackles of traditional methods of recruiting; the firms, hiring partners, and candidates continue to look for higher efficiency.
The technological breakthrough is helping the recruiters to strategically plan their hiring processes and provide the best-fit candidates for the required roles.
Let us have a look at the most significant recruitment trends for 2020 and beyond.
Compelling employer brand to attract top talent
The topmost employers understand the need to establish themselves as a reliable brand that attracts the best candidates. Based on LinkedIn Research, the organizations with the higher employer brand are set to have 50 percent better candidates and thus reduce the cost to hire to almost half.
Most of the job seekers rely on the employer’s brand value before applying and accepting the job offer. As employees are looking for the best job offers, organizations are also seeking best-suited candidates for their open positions. Companies would not want to lose the skilled candidates to their competitors due to a lesser prominent employer brand.
Candidates look for more than just financial aspects of the employer; they focus on the culture, employee-friendliness, and ethics. As per a study in the UK, more than 42 percent of the workforce prefers to work in an organization that makes a beneficial impact on the surroundings.
Employers to keep prioritizing candidate experience
Candidate experience is essential as it determines whether a talented and skilled professional would consider joining the organization. Big organizations understand the importance of candidate experience in bringing the best talent on board.
Organizations now stress on creating a consumer-level candidate experience and also gauge the successful implementation of the process. They discretely align the approach of candidate experience with the overall organizational culture and mission.
The candidate experience also widely depends on the correct distinction of the Freelancers, Part-time, Contractual, and Permanent employees and choosing the right recruitment path for the different categories.
Organizations to hire communication & soft skills and leadership & teamwork qualities
Companies are focusing mainly on the communication and interpersonal skills of the candidates. As the need for proficient candidates increases in every industry, soft skills have reached the acme of importance within the organizational needs.
The future job landscapes rely mainly on employees with solid soft skills revolving around empathy, communication, and convincing. From 2016 to 2030, the demand for soft skills will be rising to 22 percent in Europe.
As Artificial Intelligence (AI) and automation are set to change the face of the organizational structure and traditional jobs, human vacancies depend more on the skills-based on empathy and communication. The ability to create relationships, building understanding within workforces, and communicating vocally with peers would be some distinguishing factors in the most- wanted employees.
Presently organizations are looking for candidates who can exhibit exceptional leadership skills. Especially when the culture of work from remote locations is increasing, organizations need people who can proficiently co-ordinate and handle remote teams.
The warm talent pool to bridge skills gaps
Organizations need to make sure that they are filling the skills gap continuously by maintaining extensive internal and external talent pools. Traditionally companies have looked upon talent outside the organization to fill in their requirements for the newer roles; however, now the new hiring is not sufficient.
The talent pools are a great help in getting pre-qualified and certified candidates without much hassle. The Hiring managers can quickly deploy the right talent for the open roles by reaching out to their talent pool. The cost of hiring and training new candidates is expansive; thus, the new-age organizations consider referring to their talent pool and also create a strategy to upskill internal talent to fill the gaps.
Use of AI will grow 10x in Recruitment
Artificial Intelligence is the biggest disrupter in most industries, and the recruitment industry is no exception. AI will be having a significant impact on the roles of the recruiter; however, the truth is that no robot can completely replace the human.
Indeed, artificial intelligence would not bias in candidate selection and screening. However, this does not guarantee foolproof selection procedures. Thus people who can adopt AI and couple it with the human expertise will reap the most significant benefits in the future. As per an IBM research, AI will successfully help mitigate the risks of bias in recruitment and encourage diversity.
The above trends are all set to supplement the existing practices and methodologies to improve the recruitment industry evolve enormously. With the right recruitment partner, organizations can expect to keep up with the rapid innovations.