The economy in the U.S. right now is shaped by several key factors. These chiefly relate to global issues such as the trade war with China and the UK’s prolonged expectation of departure from the E.U; all of which affect the future of our recruitment landscape.
With uncertain times in the global economy looming and U.S. unemployment at a record low, 2020 looks to bring a unique set of challenges. As such, American businesses should prepare themselves for the latest recruitment trends expected for the year ahead; especially as increasingly innovative techniques emerge to meet a somewhat difficult time for recruiting.
While recruiters are competing for top talent, the economy remains resilient and 128,000 new jobs were created in October. This is despite trade turbulence and slowdown in global growth.
Therefore, there’s no reason that businesses can’t forge ahead with their hiring efforts in 2020, although it may be wise to err on the side of caution. To help you out, Resume-Library has come up with the top recruiting trends to look out for in the upcoming year. Simply adapt your recruiting tactics to fit the shifting labor market!
1. Flexible Recruiting
In an increasingly competitive hiring market, it’s more important than ever that companies are clued up on what candidates want. And, one of the main perks that job seekers are after is flexibility.
Indeed, studies found that 69% of unemployed or economically inactive respondents said they would be encouraged to start working if flexible opportunities were offered. You could see applications to your vacancies rise drastically as a result.
Plus, offer flexibility as a perk and you may also be able to cut costs. You can hire professionals on an ad-hoc basis; with freelancers, part-timers and temps. The upside of this is that you can hire based on skilled talents on a project basis, which could also boost your productivity.
Of course, flexibility depends on the requirements of the job. Flexible working won’t be suitable for every employee. However, evaluate each case on an individual basis and take into account that most businesses are becoming increasingly versatile. You don’t want to get left behind!
2. Build Your Brand
Having a strong employer brand will significantly decrease the amount of effort you need to put into your recruitment efforts. Brand reputation speaks for itself and this will help you to attract ideal candidates through word of mouth and employee referrals. Not only that, it will help you to retain employees further down the line; saving you precious time and resources.
An excellent brand reputation doesn’t just appear overnight, so ensure that you continuously put effort into it. One of the easiest ways to do this is by maintaining an active social media presence. Engage with other industry specialists and share and post relevant content to establish yourself as a useful resource.
Don’t forget to ensure your website is easy to navigate. Modern candidates may refer to your website as a one-stop shop for everything they need to know about your company, so make sure this information is accessible. Include employee testimonials to add credibility to your claims. Remember to make your site mobile-friendly too; this is crucial for the modern job hunter!
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3. Embrace Remote Work
Remote working is the future of the workforce. Particularly in technology-led industries. Your remote employees have more time to complete their work and less distractions, as well as a better work-life balance. This could be why remote working could become a universal perk offered by all employers. Therefore, it’s vital that your business is ready to adapt.
In order to do so, you need to ensure that you’ve got the proper equipment in place to enable remote working. Decide how you’re going to manage your remote workforce so that they don’t feel out of the loop. Instant messaging systems such as Slack or Rocket Chat are quicker and more efficient than Trello.
Furthermore, circulate an internal newsletter with regular company updates. You’ll find it easier to motivate your remote workers if they feel more unified with the rest of the team. Part of this includes encouraging your employees to celebrate success across the company.
Review Your Recruitment Process
If you really want to improve your recruitment process for 2020, then it’s essential that you review your current system. Analyse what’s working well and what could use improvement. Perhaps you’re great at attracting candidates, but your retention rates are low. In that case, your company culture and reputation could use a boost.
However you choose to bring candidates to your company, make sure you act quickly. There’s no saying how impending global affairs may affect your recruitment process, so take advantage of the strong economy at present. In fact, why wait until 2020? Get ahead of the competition and incorporate these recruitment trends into your hiring strategy now!