Job market is changing in a tandem pace and requires recruiters to remain updated with current trends. Whether you are a seasonal recruiter or you recruit all year round for your company, you need to understand the probable challenges that are likely to occur and how to deal with them in order to retain talented employees.
The most common recruiting challenges that will be prominent this year include:
Impact of Retention Issues on Recruitment:
It is expected that there will be approximately 25% increase in turnover rate as employees are more comfortable in shifting towards brighter job opportunities. This will lead to sudden openings that will put pressure on the recruiting teams. Recruiting teams will also need to take care of turnover probability of a candidate while finalizing him/her.
Speedy Decisions:
The hiring process will be required to be speeded up leading to quick decision making. The rising pace of competition for acquiring talent will lead companies to look out for speedy hiring tools that will help fish out talented candidates. Speedy hiring may also aggravate the chances of some wrong decisions that may later result in less productive workforce.
Business Volatility May Impact Workforce Planning
With a highly volatile business environment, the growing or developing organizations will find it difficult to plan their workforce size accordingly as at some point of time, they may have ample work to do that is subsequently unmanageable by their small workforce and there may come such a phase also when they have half a work as compared to their size.
Talent Attraction Towards Start-Ups:
There is a massive shift of choice for organization among talented candidates. Today’s enthusiastic workforce wants to work in an environment that is fresh, happening and that offers a lot to learn. While they cannot get all of it in a large company, they will enjoy all of this in start-ups and small organization where there is a lot to do and learn. Thus, the larger firms will face fierce completion and trouble while attracting talented young workforce.
Prioritization of Job:
With increased turnover, there will be major fallout in terms of work due to limited resources. Thus, the company will need to prioritize the tasks and projects that are more important and give a priority to them for early completion.
These are a few recruiting issues that are most likely to trouble HR and Recruitment Departments all through the year. What is needed to be done over here is proper planning and implementation of work strategy and concentrating more on retaining talent within the organization and at the same time, maintaining proper records of potential candidates through a Recruitment Management System to overcome any sudden
