View this presentation here: https://youtu.be/tw3LifLsJvg
For 2016 and beyond, candidates for jobs will be in tight supply. This presentation outlines the top 8 trends and strategies that will affect whether recruiters succeed or fail in this new recruiting paradigm.
3. 2016 Trends
#1 Hiring will be more difficult
• Job market grows by 2 million jobs
Source: IMF
4. Trend #1: Hiring will be more difficult
Toughest jobs to hire
• Data Scientist. 6,000 companies are expected to hire an estimated
4.4 million IT jobs with direct ties to data analysis (Gartner)
• Electrical Engineer. Currently 17 openings for every electrical
engineering candidate (Randstad)
• General and Operations Manager. 613,000 open jobs by 2022 (BLS).
• Home Health Aide. 600,000 needed by 2022 (BLS)
• Information Security Analyst. 2.7 million cloud-computing workers
needed in 2016 (Microsoft).
• Medical Services Manager. 73,000 needed in next 6 years (BLS).
• Physical Therapist. 229,000 needed in 2016, 196,000 available
(APTA).
• Registered Nurse. 525k retirements – 1.05 million needed by 2022
(BLS)
• Software Engineer. 223k needed by 2022 (BLS).
5. Trend #1: Hiring will be more difficult
“79% of companies believe there is a
dearth of critical skills available in the
labor pool.”
– Aberdeen Group Research
September, 2015
7 unemployed candidates per job – 2009
1.5 unemployed candidates per job – 2015
(below pre-recession rates)
– BLS
6. Trend #2: Hiring times compressed
• Active candidates receiving multiple offers
• 4- 5 days from interview to offer (Roth Staffing)
7. Trend #3: Younger workforce
• 35% Millennials
• 47% by 2020
• One in four managers Millennials
• Gen Z (1994) enters the workforce
• Who is your TA process built for?
8. Trend #4: Consumer Quality Tech
• The “internet of things” becomes expectation in the
enterprise
• Internal recruiting technology to be more intuitive/
mobile/social
• Candidate facing technology to be intuitive/mobile/
social
• Mobile, mobile, mobile
9. Trend #5: Brand More Important
• Almost 60% of organizations to invest more in
employer brand (LinkedIn)
• Career site
• Social media
• Communications/interactions
10. Trend #6 Video on the Rise
• Video will become increasingly important in conveying
value and brand as mobile candidates increase
• Interview
• Job descriptions
• Branding
11. Trend #7: Recruiting & Marketing Merge
• Leading recruiters will form deeper integration with
their marketing departments
• Branding
• Messaging
• Sourcing/engaging/nurturing
• Measuring results
• 47% of recruiting organizations working more closely
with marketing
• (LinkedIn)
12. Trend #8: Hands Free Recruiting
• Adoption of predictive automation to perform
previously manual recruiting activities
• Job distribution
• Sourcing
• Engagement
• Scheduling
• Selection
14. Key Strategies for 2016
• Get ready for harder, faster, younger
• Talent harder to find
• Candidates in control
• Employee and candidate pools getting younger
• Not getting better soon
15. Key Strategies for 2016
Trend: Harder, faster, younger
Focus: Front end of the funnel
• Supply and demand problem – focus on supply
• Outbound sourcing
• Internal/external resumes
• Inbound attraction
• Job ads, recruiting agencies, social networks, job fairs
• Conversion
• Career sites/applications/talent networks
• Referrals
• Social/direct
• Internal mobility
• Employee talent pools
17. Key Strategies for 2016
• Retention is #1
• Much cheaper and easier to retain than hire
• Major employers radically increasing benefits
• Emphasizing internal mobility
• …but we’re in the business of hiring, so…
18. Key Strategies for 2016
Trend: Harder, faster, younger
Strategy: Focus on the front end of the
funnel
• Centralize and maximize sources
• Combine internal and external sources into one
segmented pool
• Develop a competency/focus for proactive, source-
first recruiting team
• Standardize and refine processes for both
specialized and volume sourcing
• Utilize other channels to talent as a means of
increasing your talent pool
19. Key Strategies for 2016
Trend: Harder, faster, younger
Strategy: Get real about mobile
• Get 30-50% more candidates by CATERING to mobile
• Hire faster with mobile optimized communications (email, SMS)
• Career pages, jobs, applications, candidate communications
20. Key Strategies for 2016
Trend: Harder, faster, younger
Strategy: Leverage your brand
• 97% of career site traffic never apply
• Your website has to do more selling up front
• Deliver relevant content/jobs
21. Key Strategies for 2016
Trend: Consumer quality experience
Strategy: Focus on candidate experience
• Mobile/social
• Segment and deliver targeted content
• Lower barrier to engagement
• Put jobs front and center
• Create compelling ads/descriptions
• More visuals – less text
• Communicate regularly
• Survey candidates
22. Key Strategies for 2016
Trend: Consumer quality tech
Strategy: Think outside the ATS
• ATS is for tracking applicants
• Leverage best of breed solutions for candidate
facing experience
• Career sites, job distribution, interview
scheduling, surveys, assessments
23. Key Strategies for 2016
Trend: Recruiting and marketing merge
Strategy: Partner with/integrate marketing group
• Leverage your internal marketing group
• Drive sourcing campaigns
• Implement employer brand
• Develop job ads
• Measure results
• Integrate marketing into HR
• Create marketing function
• Matrix relationship with internal marketing resource(s)
24. Key Strategies for 2016
Trend: Hands free recruiting
Strategy: Automate front of funnel
• Identify high-touch activities
• Work with staff to discover manual processes
• Lack of automation
• Job distribution
• Candidate engagement/email campaigns
• Career site content/job maintenance
• Un-integrated tools/processes
• Searching/sourcing multiple databases
• Manually syncing jobs/candidates between systems
• Standardize candidate acquisition tools and processes
• One system/process for hiring
• One system/process for acquiring
• Measurable
• Extensible
• Scalable
25. Key Strategies for 2016
Trend: Hands free recruiting
Strategy: Analyze and optimize
• Centralize metrics and analysis
• Focus energies on most successful sources/activities
• Deemphasize underperforming sources/activities
• Leverage successes into training
• Optimize budget