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HR Tech Outlook | Thursday, May 12, 2022
Keep up with current hiring trends to craft a successful hiring strategy. This is particularly crucial now, as the U.S. and global economies are trending towards an uncertain future.
Fremont, CA: The hiring sector is constantly changing. Moreover, many external factors impact the U.S. economy and businesses' ability to recruit. Thus, there's more pressure on employers and staffing agencies to source top talent.
It is important to understand the key trends shaping the market and to adapt your hiring practices accordingly. This article aims to take you through some of these trends, which will provide insights on how to leverage them to achieve the best results.
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A shift in working patterns
The traditional 9-5 job is a thing of the past, especially now that more people are working from home due to social distancing measures. According to the American Staffing Association, 16 million temporary and contract employees are hired throughout the year, so now it is more evident that temporary employees are an important part of the U.S. workforce.
Temporary staffing is becoming more popular for several reasons. First, most people want more flexibility, and working part-time or on a contractual basis allows them to balance their personal and professional lives effectively.
According to a study from TrueBlue and Emsi, people take on gig work to earn additional income, followed by a desire to get a foot in the door with a company.
The gig economy indicates a global shift in employment. Many professionals choose to work on a contract basis due to necessity and choice, especially with the current economy being so unstable.
A Data-Driven Approach to Recruitment
Another trend that hiring professionals need to be aware of is data-driven recruitment. Many organizations have turned to data to make smarter hiring decisions and avoid unconscious bias to hire the right people at the right time and at the right cost.
The tool is particularly useful if you're working towards key metrics. A hiring velocity measurement, for example, can help you to check how efficient your hiring process is; on the other hand, you might want to examine your hiring budget to ensure that you aren't going overboard with your hiring campaigns.
No matter what metrics you track, you'll need to start gathering data in order to do it effectively. You can do this using applicant tracking systems (ATS), but you can also use other tools, such as Google Analytics.
Building Exceptional Candidate Experience
The candidate experience is more important than ever in the American job market, particularly in light of the most recent economic data.
People are more likely to accept your offers if they have a positive route to hiring, and reputation matters in the current environment. Because of this, you need to keep an eye on this hiring trend.
In addition, candidates have more opportunities to air their views online than ever. People aren't afraid to share negative experiences with other prospective candidates on social media or employee review sites, potentially discouraging others from applying to your jobs, attending your interviews, or accepting your job offers.
What makes a good candidate experience? It starts with your job advertisement. Write this with the ideal candidate in mind; what do they want to know? Why would they apply? Use engaging language and bullet points to make the copy easy to read. If your advert is poorly written or does not make sense, you will fall at the first hurdle.
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