In recent years, the recruitment industry has turned into a candidate-driven market. Unlike before, when agencies and employers had far more control of the job application process, modern-day job seekers are far more empowered than ever.
This significant change in the recruitment industry signifies that the hunt for top talent is bound to get tougher and tougher, especially in light of talent shortages and the birth of new skills. Just like any other industry, understanding and following trends will allow you to stay relevant in your field. Because of this dynamic shift in HR, you’ll need to measure and reassess your overall recruitment processes.
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Taking note of industry trends and other vital metrics won’t only guide your business on to win big in the recruitment race, it will also make it easier for you to see where you stand amongst rival companies.
To simplify things, the primary purpose of staying up-to-date with what’s happening in the recruitment industry is to let you see if your talent acquisition tactics are still effective or if they require any sort of adjustment. Something as simple as knowing where your prospects can be found and the tactics your competitors are using to reach them can make all the difference in your recruitment efforts.
Companies that stick to unilateral talent acquisition methods will miss out on a number of opportunities to bolster their workforce. Nowadays, hiring managers, recruiters, and headhunters don’t just limit themselves to traditional recruitment methods.
Along with innovations in HR automation and software, they also utilize their creativity and other tactics such as social media, recruitment process outsourcing, and employer branding to increase their chances of acquiring top tier talent.
Since the HR landscape is an ever-evolving field, change is constant. With the fourth industrial revolution within reach, trends such as job automation will continue to transform the dynamics of different industries.
Since 50% of jobs are highly vulnerable to automation and 63% of jobs will center on soft skills, both recruiters and candidates must continuously find ways to adapt to the ways of the rapidly digitizing world.
Refine your strategy for a more effective and efficient recruitment process, especially now that job seekers are more selective of their potential employers. A competitively priced salary and other great benefits may entice employees to work for you, but at the end of the day, candidates wish to work for companies that are more than just a traditional corporate brand.
Are you ready to adapt to industry changes, or would you rather be a casualty of the talent war? To keep you ahead of the recruitment game, check out the infographic below. Take note of these six key recruitment trends and statistics to drive your recruitment process forward.