The hiring pattern has changed remarkably, especially after the COVID-19 pandemic.
Also, a slew of external economic factors has acted as a deterrent to the recruiting process. Therefore, businesses and staffing agencies are under severe pressure to recruit top candidates.
So, the need to understand the key trends that are shaping the market is essential. And at the same time, hiring practices should be aligned accordingly.
In this article, we will discuss the trends and ways to maximize them to achieve the best results.
Change in Working Patterns
There has been a drastic change in working patterns, especially after the COVID-19 pandemic. The days of the traditional 9-5 job seem to be over, with more and more people wanting to work from home.
According to the information available in the public domain, more and more hiring of temporary and contract employees has taken place in recent times, and temporary workers have made up a big part of the global workforce.
There are many reasons why contractual staffing is getting more popular. Nowadays, people want more flexibility. So, they prefer working part-time or on a contractual basis to get the freedom to balance their professional and personal lives effectively.
As there is less job security these days, professionals prefer to work on a contractual mode out of necessity and choice.
It is another trend in hiring. Businesses should keep themselves aware of the concept of data-driven recruitment to do away with the challenges of hiring challenges.
With mounting pressure to hire the right people in cost and time-effective ways, businesses have turned towards data-based recruitment decisions for better recruitment results and reduced bias.
It can be extremely useful if you work towards key metrics. For example, if you want to measure your hiring velocity to figure out the efficiency of your hiring process.
Again, it can allow you to check your hiring budget to ensure that you are not overspending on your recruitment projects.
Regardless of the metric you track, you must gather and analyze data in order to do it effectively. There are tools for such work, such as Applicant Tracking Systems (ATS) and Google Analytics.
You might want to capture data types such as:
- The time people take to complete filling out application forms
- The number of clicks on your job adverts convert to applications
- The time it takes for your offers to be expected
- The RoI you are getting from your recruitment tools
After gathering such data, you can use it to make informed decisions. For example, if you see that people are taking too long to complete applications or they are abandoning them, you can reduce the form or re-consider the questions you are asking.
Eventually, data-driven decisions can not only make your hiring better but also save time and money.
The prospective candidates’ experience is paramount in the hiring process. And, given the skill-based job profiles these days, the relevance of the candidate experience has a topmost consideration than ever before.
Candidates are more likely to accept your offers if they find the job rewarding. And at the same time, reputation matters a lot.
Therefore, recruiters need to take candidate experience seriously.
Again, the predominance of social media and other online platforms has created more opportunities for candidates to put their views online than ever before.
If candidates undergo a bad experience with your hiring process, they are likely to share their negative experiences with other prospective candidates.
As a result, it can so happen that other candidates may not apply to your jobs, attend interviews, or accept your job offers.
The good idea is to engage a company providing good interview services. For example, if you want to fill technical positions, you can engage a company providing technical interviews as a service.
With more and more challenges brewing up in the hiring process, businesses should delegate the task of onboarding new candidates to interview service providers. Such entities are aware of the latest hiring methodologies to recruit the best candidates.