The recruitment landscape has changed significantly in recent years. The unemployment rate is sitting at 3.6%, making it harder to find skilled talent. Plus, 63% of recruiters believe that the talent shortage is the biggest challenge they face professionally, and that situation isn’t likely to change in 2020.
By taking a moment to look at the trends that will affect recruiting in the upcoming year, you can prepare yourself for the next shifts that are on the horizon. Here are a few of the recruiting trends you need to watch in 2020.
Recruiting and HR Split
Previously, recruitment fell under the purview of human resources departments almost universally. However, some companies are shying away from that paradigm. It is becoming increasingly common for recruiting to be seen as a separate entity.
Additionally, recruiting isn’t always remaining under the HR umbrella, either. Instead, it is being relocated within organizational charts, falling directly under company leaders. This facilitates greater levels of communication and collaboration, along with better alignment with company goals. It may also accelerate the speed of hiring, positively impacting key metrics like time-to-fill and cost-per-hire while enhancing the candidate experience.
Data-driven decision-making was an emerging concept not long ago. Today, data is making its way into nearly every department and niche, including recruitment. Not only is stored information used to align talent acquisition efforts with business needs, but it also facilitates pattern identification to support workforce planning.
Plus, AI technology is helping companies identify bottlenecks in their recruitment processes. With the right solutions, organizations can streamline their approach in areas that were resulting in delays or stagnation. Greater efficiency can be achieved thanks to these powerful insights.
Further, AI and related technologies can support higher-quality candidate matches. At least 38% of companies have already embraced AI to improve candidate searches, and that number grows on a near-daily basis.
AI solutions can examine vast job seeker databases in mere moments to find great fits. Additionally, many leading HR solutions ensure companies can tap talent pools, such as second-place candidates for previous vacancies, past contractors, and former interns. Otherwise, if access is limited, these candidates might be overlooked.
The Rise of Human-Centric Cultures
Today’s candidates aren’t just looking for jobs that allow them to grow professionally. They want to find employers that have missions they can support and cultures that align with their lifestyles. 89% of job seekers want to learn about an employer’s mission and purpose, preferably through the job posting, and 79% will consider that mission before choosing to apply. When it comes to a company’s culture, 77% of job seekers take it into account when they are deciding whether to submit a resume. As a result, companies will need to become increasingly human-centric, considering what they have to offer beyond the workplace experience.
Additionally, perks that benefit employees in ways they value will become more common. Options like tuition reimbursement and student loan assistance can separate a company from its competitors, providing employees with pathways that alleviate a substantial financial burden from their lives. Telecommuting, flexible scheduling, and generous leave policies may also be more accessible to professionals, making employers that offer these benefits more enticing compared to those that don’t. For example, 29% of men and 36% of women state that flexible arrangements are a very important consideration when they are thinking about a new job.
Ultimately, all of the recruiting trends above should be on every recruiters’ radar in 2020. They could potentially lead to major shifts in the recruitment space, so it’s best to be prepared for what the future may hold.
If you’d like to learn more about 2020 hiring trends, the team at Cloutera can help. Contact us to speak with one of our recruitment specialists today and see how our recruiting expertise can benefit you.