The state of the world is constantly changing at an accelerated rate. Every industry is doing its best to cope with these changes and move forward, irrespective of the turbulence. The recruitment industry, in particular, has seen a significant shift in the past two years and will continue into the upcoming years.
To be a recognized company in any industry, it is necessary to know about the latest developments in the mindset and perspective of the workforce. Awareness of recruitment industry trends helps businesses plan and equip themselves with the required tools to conduct an effective hiring process.
Why are recruitment industry trends important?
Globally, there is an increasing demand for talents & it is greater than the supply. In this scenario, employees are in the position to choose what companies to work for and how. To attract and retain promising talents amidst this supply shortage, they need to improve on what they offer their workforce.
In light of this, knowing what candidates prefer in a prospective workplace and where they see themselves is crucial. After all, satisfied employees are the key to a successful business model. Recruitment industry trends provide insights into what changes to expect in the recruitment process and how to prepare accordingly.
What are the recruitment industry trends of 2022?
At the turn of this decade, current trends in recruitment have taken a giant leap into using new methods and hiring tools. Below are the 2022 trends to gear up for:
Everyone’s life has now become more digital and sophisticated. The impact of this change is also evident in the recruitment industry. For enhancing hiring efficiency, the digital era relies on a robust, data-driven approach in the following key focus areas:
Social media is now used to source and assess jobs by candidates and recruiters. Applicants look for good employer branding and decide based on their Employee Value Propositions instead of just the financial compensations offered by a company.
Also, active sourcing by recruiters for skill gaps is viewed positively by the candidates as it helps both parties involved find a better fit for their requirements.
Regularly mapping the skill requirements of a company and sourcing from a specialized talent community is another hiring method that is increasing in popularity.
Virtual and data-driven recruitment
Companies relied on technology during the pandemic for all their operations, including recruitment. It resulted in a decline in HR partner relationships and a reliance on software tools for the hiring process. The following applications help promote parity among the candidates while recruiting remotely.
- Talent assessment tools
- Skill assessment tests
- Upgraded Applicant Tracking Software
- Recruitment communication channels
- Onboarding platforms
- AI chatbots
- Background checking software etc.
HR tools that seamlessly work together to enable hiring decisions backed by analytics are preferred now in place of traditional interviews. The rise of the metaverse will also make remote hiring easy by aiding virtual job fairs and AR/VR stimulated job assessments.
2. Employee-centric process
With the Great Resignation of 2021, it is apparent that employees are looking for more than just salary in their workplace. Good work-life balance, clarity in roles, and friendly management are some values candidates look for before applying to any company.
There is also a growing interest in businesses that implement Diversity, Equity, and Inclusion (DEI) policies. Unbiased hiring practices and an inclusive culture are how a company becomes enticing among the general workforce.
Companies are now ready to hire candidates based on soft skills and train on the job as well as it is becoming increasingly difficult to find candidates with relevant skills.
3. Adaptive employers
Companies that are flexible with their work policies and adaptive to their employees’ requirements are gaining the limelight recently. Rehiring former employees is another trend that will be an advantage for any company as it significantly reduces the time and cost spent onboarding and training candidates.
There is an increase in passive job seekers open to short-term project-based gigs. Flexibility in work timings, payment schedule, and employee location can substantially benefit companies by bringing in varied individuals from a larger talent pool.
4. Candidate driven hiring
With Gen Z coming into the picture as candidates this year, more emphasis is on providing a good candidate experience in terms of clarity about the role, seamless technical experience, transparent and personalized communication, consistent feedback from recruiters, etc. Engaging an applicant with prompt information throughout the hiring process reflects positively on a company & they receive more interest from everyone.
Towards the end of the pandemic, some companies want to revert to their usual hiring practices. But, most likely, all the recruitment industry trends are here to stay. The way forward for companies is to adapt and benefit by using technology to simplify the process.
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