As with everything in life, recruiting market is also going through a constant change. These changes are underlined by technological advances, current trends and people searching for a job. As a recruiter, your job is simple: follow these trends and don’t get left behind. Easier said than done? Allow us to explain to you some ways how the recruiting market is changing and how you can attract the top talent to your company now and in the future.
Diversity in recruiting market
According to a 2018 study by LinkedIn, the top trend that shapes the way companies hire in the future is diversity. The study reveals that almost 80% of recruiters and HR managers value diversity when hiring, a staggering amount. It’s no wonder though: there is more and more evidence about the benefits of diversity in a workplace. These include aspects such as increased engagement, productivity, and innovative thinking, just to name a few.
Also outside the corporate world, diversity is a globally rising trend which can boost your company’s brand. You can find tips on how to increase diversity in hiring here.
Innovate the interview
The same LinkedIn study mentions changes in the interviewing process as another future trend. Features such as applicant’s personality, values, and soft skills seem to get more attention nowadays and in the years to come.
In an interview with the New York Times, Walt Bettinger, the CEO of Charles Schwab, reveals his recruiting trick. He has breakfast with the applicant in order to see how they react to a messed-up order. The applicant’s response gives Bettinger information about the person and how they react to setbacks.
Now think about your company. How can you bring some innovation to the interview? In what ways can you find out more deep information about your candidates?
Technology also changes the way we recruit. It can give you insights through data, and diversify the platforms you recruit on. The LinkedIn study of 2018 reports that the amount of data and how quickly it can be processed is on the rise, partly thanks to advancing AI. Using data can help you not only identify who, where and how to hire but also in other aspects of HR, such as retention rates. However, as with all data, don’t forget the GDPR!
Choose your platform
RecruitLoop reports one of the future trends being the usage of a wider variety of recruiting platforms. These platforms include websites and applications which allow employers and applicants to find each other. Some companies have already taken their recruiting to social media. Some companies collaborate with external recruiting services, and others rely on referrals. We can expect the diversity of these platforms to rise in the future, and you should use these new possibilities to your advantage.
Keeping up with changing trends in the recruiting market is vital. We live in a world that sees massive changes almost yearly, and the workforce (yes, including recruiters) must be ready to adapt. By staying up-to-date with what kind of changes are predicted in the future of the hiring industry you as a recruiter have an edge over others. Are you ready for the future?3