2016 is half way down and organizations are looking forward to increasing their headcount. With talent gaining its importance as a crucial factor for organizational success, war for talent has just begun.
Experts predict continuation of several hiring practices that were prevalent in 2015, including:
- Branding
- Maximizing Talent Analytics
- Restructuring Candidate Experience
- Mapping Untapped Hiring Sources
What Do Experts Have to Say?
Joanie Courtney, Senior Vice President, Global Market Insights, Monster, says “Attracting and retaining talent will remain a challenge as top candidates experience an increase of competitive job offers, along with better salaries and opportunities.”Byrne Mulrooney, CEO – Futurestep, a Korn Ferry company – Specialized in Recruitment Process Outsourcing, says “Companies will take an even more strategic approach to talent acquisition, becoming increasingly inventive to attract and retain valuable candidates.”
What Change in Hiring Practices Can We Expect in 2016?
- More Focus on Employer Branding
Job seekers have grown to become a sophisticated job shopper, today. This change has given more powers in the hands of top talents who always has better and competitive offers in their hands. With growing social media and employer brand focused websites such as Glassdoor, it has become vital for organizations to enhance their focus on developing an employer brand. Today, more and more companies want to attract top talents by showcasing ‘why candidates should join them’.
- Talent Acquisition Will Become More Prevalent
Traditional methods of talent acquisition are going to be demolished by recruiting intelligence and cloud system. Analyzing and curating data to measure plus improve hiring will have more demand in 2016. Recruitment professionals will focus more of data and insights to analyze their current and future hiring trend. Talent Acquisition is aimed to help HRs review operational data including time-to-hire, cost-per-hire, source-to-hire and in-depth talent metrics. New data analysis system will also help companies to analyze candidate behavior and will help them hire smart resources.
- Businesses Will Expand Their Sourcing Scope
Lack of qualified candidates will force businesses to get creative with their hiring methods. The inclusion of social media, open platforms and other creative channels will witness a boost. In-house training will also increase. Companies will tend to focus more on hiring talents with multiple skill-set and work experience. Performance Tracking System will allow employers to track top performers and sustain them. Hiring more engaged and culturally fit candidate will be a priority for the firms in 2016.
- Candidate Experience will be Revamped
4th most important hiring practice that will witness an upsurge is ‘Providing Candidate Experience’. Businesses will focus on evaluating their recruitment process to ensure better candidate experience in terms of the job application, hiring and engagement. Engaging passive and active candidate will remain a major focus for hiring professionals in 2016.
- Slow but Steady Growth in HR Technology
As per industry experts, integration of HR technology will bring another major change in ongoing hiring practices in 2016. HR technology will continue to grow at a steady pace in coming years and will become more streamlined towards providing an integrated human capital management and ATS system. Experts believe that recruitment industry is adapting more web-based ATS/CRM solutions and will continue to integrate recruitment-related products in coming years.
(Source: SHRM.ORG)
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