As the year draws to a close, it’s important to reflect on what went well and what didn’t in the world of recruiting and hiring. Based on our own research and valuable insights from our customers, here are the 5 things to take away into the new year…
1) Companies that find and hire the best people not only have good recruiters or partners to support them, but they all depend heavily on recruitment technology like Valuehire. Gone are the days when your Excel sheets and a folder of resumes got the job done. Technology is now in the big data, cloud, mobility, and analytics era and you can bet your competition and customers have already adopted some of these latest tools and technologies. The sooner you do the same, the faster you can build your competitive advantages in the years to come.
2) The role of a recruiter is shifting from just being a manager of information to someone who can advise candidates and companies on industry trends and best practices. It’s not only about what you know but who you know and how you communicate with everyone. The best recruiters are now excellent in networking, relationship building, digital marketing, and in doing market research.
3) Traditional Job portals will still be around for at least a few more years. Linkedin, Facebook, other social media, and referral hiring have changed how recruiters source candidates and will continue to gain more traction. But as the amount of data on candidates increases, so does the dependency on tools to effectively search, analyse, and filter this data. A candidate is no longer a one dimensional resume but a multi-dimensional being in the online, offline, and social world.
4) Job seekers are less defined as being active or passive. In today’s flexible marketplace economy, everyone has a price and can be reached via a mobile device. Startups are poaching from large companies and large companies are picking talent from smaller ones. Candidates want to be aware of what’s going on and they require access to opportunities on their mobile phones. So hence there’s been a greater push by companies towards employer branding and having mobile career sites.
5) Jobs have changed largely driven by technological changes. A few years ago no one spoke about opportunities related to driverless cars, drones, or big data / analytics. The shift towards working from anywhere at any time has already taken place, and companies are now more open to hiring staff on a contract or temporary basis than before. Job portals of the future will be like Upwork or Freelancer where anyone can find people they want based on their reviews, ratings, location, and cost.