In terms of employee recruitment, 2019 going forward will bring a fresh set of recruiting trends that can significantly impact your recruiting process. The way we recruit has already changed a lot. Contrasted to the past, applicants now have much more power in the search for a job.
According to research from MRINetwork, one of the world’s largest recruitment organizations, up to 90% of the current job market is candidate-driven. That means there are more job openings than candidates looking for work. You don’t pick talent anymore; talent picks you.
Businesses and recruitment agencies are now being forced to adapt new ideas and use new strategies to identify and hire the best fit applicants for their company.
While it has become far more complicated to locate the best candidate for any given role, understanding the top trends in recruitment can help make recruiting much smoother for you.
Top Trends in Talent Recruitment
Here’re are some of the top recruitment trends creating ripples you should keep an eye out for this year.
1. Recruitment is information driven and powered by HR analytics
Tracking and measuring recruitment processes and procedures is enabling recruiters to identify the most effective, and not all that successful, parts of their recruitment endeavors.
Information has obviously been a significant factor all through, yet as we investigate 2019, we'll be concentrating all the more intensely on recruitment info as the war for talent increases.
For example, recruiters are now focusing on information about what number of applicants were offered a position based on what channel they connected through, and what candidate engagement metrics, say, conversion rates or drop-off rates, reveal about the candidate. This emphasis on information and data analysis is helping with taking the mystery out of recruitment.
So, take time to analyze and understand the information being returned from your recruitment efforts. It can help with allocating spending plan to the best strategies, increase profitability and proficiency, uncover employing issues, and aid seat checking and determining procuring.
HR information and analysis are assuming a greater role in streamlining recruitment processes.
2. Recruitment based on 'culture fit' is still rising
Culture fit in the working environment has for some time been an exceptionally talked about subject, with most recruiters agreeing with its significance in the hiring procedure. But are stakeholders and recruitment associations truly fulfilled that they're ready to quantify social fit?
Industry studies indicate that just 11% of employers and managers are happy with their capacity to quantify culture fit in their recruitment process, leaving almost 9 out of 10 bosses attempting to establish a methodology to evaluate culture fit precisely.
No matter how you determine culture fit in your business, this is a factor currently rising in importance in the job market that you should keep in mind.
3. Recruitment is keener on eliminating bias
When it comes to recruitment innovation and AI, it very well may be anything but difficult to dismiss bias. While there are currently tools that can help to reduce bias, it might be foolish to accept that they will totally dispose all biases.
And yet current trends are keener on eliminating all types of biases in recruitment, including gender, ethnicity, and appearance bias. You have to screen the results of any automation used to guarantee they aren't accommodating any biases. An extraordinary model here being Amazon.
Amazon rejected one of its AI-driven recruitment tools because it was demonstrating bias against ladies. Indeed, even in the wake of tweaking their calculations and attempting to fix the bias, they lost confidence in its capacity to be unbiased and chosen to scrap the program altogether.
You can also adopt this trend to eliminate biases in order to improve your recruitment process and filter for the best candidates.
4. Recruitment innovation is a major priority
From initial candidate sourcing to last hiring choices, new advances are continually rising to address the regular obstacles found in recruitment. This trend shows no signs of slowing down.
Recruitment and innovation share a long history, and they will keep on adjusting to each other into 2019 and beyond. So, adopt new technology and upgrade any obsolete systems and legacy software for finding, hiring, and supporting top talents in your business or startup.
Modern recruiting software can help organizations and startups keep up with new innovations and advancements. This way you can accelerate and automate your recruitment processes, so that no time is wasted scanning for ability.
5. Robots are emerging as options to carry out recruitment
Robots have hit recruitment, with machines designed to carry out recruitment responsibility being tested in the market. The world's first robot designed to carry out unbiased job interviews was unveiled earlier this year in collaboration with one of Sweden's largest recruitment firms, TNG.
As often happens with solutions like these, this mechanization has sparked dread in certain quarters of the industry. Some concerned stakeholders in recruitment are fervently Googling questions like, "Can man-made reasoning and robots supplant recruitment?"
The straightforward answer that question is no.
Total robot domination in recruitment still has some way to go before it can happen. However, the mix of human input and computerized methods of selecting candidates is increasingly becoming the norm. This mix should be a fundamental strategy in your business too.
6. Recruitment is catering to a more youthful, adaptable workforce
Last year demonstrated perhaps the biggest move in 'breaking the 9-5' mold than recently observed. From remote working, adaptable hours, to the gig economy, these job changes will just keep on progressing as is recruitment movements that cater to millennials driving the trend.
Obviously, it will be some time until the current younger workforce of millennials and Gen Zers have full administration reigns in the business world – however by 2025, millennials and their forerunners (gen Z) will make up 75% of the work showcase. Things are bound to change.
The Deloitte 2018 Millennial Survey report recognized a variety of mentalities that are held by these two generations. One of the key discoveries is that assorted variety and adaptability are critical to loyalty from millennials, with numerous respondents expressing that the gig economy was an appealing option in contrast to a typical 9-5 occupation.
Understanding these feelings will enable you to draw in top talent and keep them happy.
If you can begin establishing systems now that meet the desires of the younger workers, you can give your business a preferred position over competitors. Millennials feel a business’ success should be measured in terms of more than just profitability.
By addressing this need for adaptability and variety, you can turn your business or startup into an all the more engaging work environment for the younger applicants.
7. Recruitment marketing still going strong
Recruitment marketing has been one of the primary methodologies utilized by numerous businesses and associations for discovering qualified candidates. In 2019 going forward, it is anticipated that we will be depending all the more intensely on it.
Essentially, recruitment marketing is a proactive strategy that aims to promote and showcase the value of working for an organization. An ongoing Small Business Majority report demonstrated that 61% of recruiters feel that finding qualified candidates is the greatest test they face, so they're depending on recruitment showcasing to discover them and go after top talents.
Recruitment showcasing depends on executing marketing strategies to attract ideal candidates to a job. It's a necessary technique because of the present market circumstances – work showcasing ends up increasing a brand’s appeal to appropriate candidates in a cutthroat market.
Keeping abreast of the current trends and sentiments in the industry will not only enable you to compete successfully for the best talents, but also embrace and execute new strategies that will ensure your business thrives now and in the future.