The rapid rise in technology has played an influential role in shaping how we work and how employees are hired. From an increasing shift to remote work (in large part due to the COVID-19 pandemic) to a greater push for prospective employees seeking workplace balance, these changes have inevitably impacted hiring trends today.
In this article, you’ll learn about 4 ways hiring trends have changed over time so you can be more aware of how to effectively hire top talent in today’s world.
Increase In Temporary, Part-Time, And Gig Economy Work
The traditional 9 to 5 full-time work model has long been around for decades. However, the increase in employees seeking more work-life balance and flexibility has increased the number of temporary, part-time, and gig economy roles in the workplace.
Companies, rather than hiring a full-time employee with the hopes of that individual staying and growing within the company are slowly disappearing. This is again due to more and more people wanting a balanced career that fits into their lifestyle.
Rise In Remote Interviewing
Just a few decades ago, it was nearly expected that job interviews be conducted in person. However, due to the rapid shift in remote work, remote interviewing has skyrocketed.
Remote interviewing has its pros and cons in terms of making an effective hiring decision. There’s no denying remote interviewing is easier for candidates to simply log in rather than dressing up and traveling to the in-person interview. Likewise, remote interviewing makes it more efficient for the company to interview more candidates for the same position.
However, remote interviewing is not foolproof. Rather than having one (maybe two) in-person interviews for a position, companies often schedule at least 2 to 3 remote interviews for a prospective candidate (i.e. a short call with the hiring representative, an interview with the supervisor or manager, potential calls with coworkers/ current employees).
Data-Driven Hiring Decisions
Companies are constantly seeking the right candidates to not just be qualified for a specific job, but also likely stick around and grow within the company.
High employee turnover rates not only send a bad message to prospective employees applying to the company but constantly hiring new talent is time-consuming and costly.
Therefore, to help make better hiring decisions, companies have shifted to using data analytics to make better hiring decisions.
For instance, a company can track how long it took an individual to complete an application. If it took an individual a long time to complete their application in one session, this likely means the person is passionate about the role and would likely stay longer with the company if they got the job.
However, if a person quickly copies and pastes generic prompts into an application and completed it in only a few minutes, data analytics will be able to pick up on this person who didn’t spend quality time filling out the application.
Use Of Artificial Intelligence
If you have a highly desirable position with hundreds of thousands of candidates applying for the same role, it can be time-consuming for someone to go through each and every application. Not to mention, if multiple people went through the submitted applications, this leaves room for bias among individuals (i.e. one person may have liked an application vs. another discarded the same application).
Therefore, the use of artificial intelligence not only helps narrow out thousands of applications to find the right potential candidates for the role. But, artificial intelligence is uniform. This means that as long as you set the same criteria for all submitted applications, there is no human bias in terms of narrowing down the initial applications submitted.
With these 4 trends we’ve highlighted, you’ve gained some insight into how you can effectively attract top talent for your organization today.
Another tool to attract and retain employees are workplace benefits. If you are seeking guidance in this realm, feel free to schedule a call with us and discuss your options.