Around 69% of the recruiters expect fierce competition in the hiring market of 2016.
While most of them believe that increasing gap between demand and supply of skilled workers in the recruitment industry is responsible for this fierce competition, some of them think ‘old methods of hiring’ is the real culprit.
However, it is clear that world of recruitment is likely to face more and more challenges this year and for those who are ill-prepared hiring is going to get tougher and tougher.
Here, we bring to you five tips that will help you revamp your hiring process as per current need and technical requirements.
Below mentioned are 5 recruitment technology trends that you need to know.
1. Quality of Hire
There is no secret in this one. Hiring best people is the way to organizations success and 2016 will witness an increase in the hiring of quality candidates. Hiring top talent is likely to become an important factor worldwide. As per global recruitment leaders, quality of hire will be cited as top priority and a valuable metric measuring recruiting department’s performance. Apart from referrals, usage of sourcing technologies such as job boards and social network will also witness an increase.
2. Social Networks
There has been a while for social recruiting, but this mode of sourcing is expected to witness an upsurge in 2016. Almost 73% of the recruiters plan to invest heavily in social recruitment technology. LinkedIn will continue to top the list with 79% dependency with regards to sourcing top talent. While 94% hiring professionals’ use LinkedIn, next in the row is Facebook with 66% recruiter base. Social is the next big tool for searching, sourcing quality candidates and has proven impact on recruiting strategy.
3. Active and Passive Candidate
2015 witnessed big shift towards closing gap that exists between active and passive candidates. Around 71% candidates categorize themselves as passive candidates – a talent pool that mostly remain untapped with only 61% candidates hiring passive job seekers. As per a recent employment poll, around 63% members on LinkedIn are not actively looking for jobs, but still show interest in new job leads.
4. Talent Branding
Not a Mere ConceptTalent branding also known as employer branding is the social and public version of your company brand that promotes your organization as a great place to work with a sole goal to attract new talent. Companies have started noticing the impact of good career brand and promoting company culture. Research from LinkedIn showcase that cost per hire can be reduced by 50% and turnover rates can be lowered by 28% if a company has strong talent brand in place. Most of the talent acquisition professionals now highlight the impact of having a reputable talent brand and around 73% if the organization plan to focus more over employer branding.
5. Mobile Recruitment
Another recruitment technology that is going to have severe effect on recruiting industry worldwide is MOBILE RECRUITMENT. Around 43% job seekers perform their job search on a mobile device while around 59% of the recruiters have not yet invested in a mobile career site. Companies and recruiters require to increase their mobile recruitment behavior to match candidate demand with a mobile-friendly recruitment website and mobile-optimized job posting.
2016 is going to be a competitive year for recruiters, especially for those who are facing skill shortage and are clueless about the impact of on-going technical changes. Tapping into these five recruitment technology trends will help your company hire quality candidates and tackle the fierce competition ahead.
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