7 Top Recruiting Trends in 2020
Finding and hiring great candidates now, especially those with sought-after skills, has become a costly and time-consuming job because recruitment process is changing fast.
The recruiting process has already been introduced to innovative new trends that is currently reshaping the way recruiters source, attract, and hire candidates. Candidates now are being treated as a customer, so recruiters need new ways to appeal to talent.
1. Adapt collaborative hiring.
Including your entire team in the recruiting process could help you build a substantial pool of qualified candidates that are more productive and loyal to the business. This new trend has caught the attention of many businesses, resulting in an increase in referrals and employee referral programs.
2. Improve employer branding.
Employers are starting to see the importance of maintaining or improving their brand image as job seekers now are focusing more on a business’s reputation and brand. Just like with customers, future applicants will want to associate themselves with a business that is respected in their industry.
3. Look for transferable skills.
It has become increasingly hard to find skilled individuals that is why recruiters have started to look beyond the limitations of their industry to find talented candidates. Instead of looking for relevant previous work experience, recruiters now tend to focus on transferable skills or soft skills to help expand their talent pool such as problem-solving, adaptability, communication, creativity, financial literacy, and more.
4. Create talent pools.
Building a talent pool database gives recruiters and HR Managers easy access to qualified and talented candidates. Talent pools include candidates that have applied, were sourced, referred, and joined your team through the inbound method. A popular method now for staying in touch with potential candidates and attracting top talent to fill vacant positions quickly is to maintain a talent network on your company's career site.
5. Use E-recruitment.
Commonly known as online recruitment, this trend refers to using the web, software, and other technology to attract, assess and hire suitable candidates. As technology advances, the recruiting process will become simple and more efficient. The online recruitment method includes social media recruiting and the use of software, such as Applicant Tracking and HRIS.
6. Attract Gen-Z.
While generation-Z is currently filling internships and entry-level positions, it's important to look to the future and invest in this new generation. Generation-Z are slowly expanding their workforce, with millions of young and talented job-seekers expected to dominate in the coming years.
7. Work flexibility.
Due to the competitive labor market, more employers are offering creative benefits including flexible work schedules. This has helped to differentiate brands and create a more attractive workplace for potential candidates. Now, many businesses now operate with a team that has a combination of full-timers, contractors, freelancers, and interns. This is very beneficial to independent workers because they can work anywhere they want, and whenever they want. Technology has been a huge enabler of this growing trend, helping to connect teams from all over the world.