2020 looks like it’s going to be a phenomenal year for the recruitment industry. As a tech assessment company, we’re lucky to be able to regularly swap ideas with HR leaders, visit conferences, and read up on industry experts’ findings. Based on our findings on the latest hiring trends, here’s the scoop:
1. An increase in employee referrals and referral programs
82% of employers rated employee referrals above all other sources for generating the best return on investment (ROI) – careerbuilder
Your team is first-hand proof of what you stand for as an employer brand. Hence, it is very important that they are your strongest advocates. This recruiting trend is one of the main reasons why we will see an increased focus on collaborative hiring in the upcoming year.
Here is a 5 step guide to building the perfect employee referral program:
- Determine the goal – Have a clear vision of what your referral program should accomplish.
- Create an easy, employee-friendly process – The less work an employee has to do to refer a candidate, the more successful the program will be.
- Train your workforce
- How to use the referral system
- What your company is looking for in a referred candidate
- What employees can expect when they refer a candidate
- Don’t forget to say kudos – Recognize employees who are referring candidates. At HackerEarth, perks include referral bonuses and tech gadgets.
- Measure your efforts
- Percentage of hires from referrals
- Percentage of qualified referrals
- Employee engagement in the referral program
- Quality of hires from the referral program
2. A shift from resume-based hiring to non-conventional hiring
Google receives close to 2 million job applications a year and recruiters spend an average of 6 seconds looking at a candidate’s resume – The Ladders
- Administer a personality test early – Traits like teamwork and judgment can help shortlist right-fit candidates.
- Gamify your hiring process – Companies like Unilever use platforms like Pymetrics for AI-based candidate evaluation.
- Use skill-based assessments – Integrate skill-based hiring methods across the hiring process.
“Recruitment is part of a broader trend of using gamification in the workplace... Traditional recruitment processes can be intimidating and stressful... game elements can bring out deeper psychological and behavioral aspects.” – Kerstin Oberprieler
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3. A boom in Gen Z hiring
61 million Gen Zers will enter the US workforce in the coming years – CNBC
Recruiters must learn what makes Gen Z tick and how they differ from millennials. Tactics must be adapted accordingly. Learn more in this webinar.
4. Embracing remote work
There’s been a 78% increase in LinkedIn job posts advertising flexible work arrangements – Remote year
- Think remote-first – Use tools like Trello or Zoom for remote-first operations.
- Unified communication – Use Slack for both remote and in-office teams.
- Collaborate using tools – Asana, Basecamp, and Slack enable connected remote teams.
- Create social spaces online – Use digital platforms for informal bonding.
- Celebrate success publicly – Use Slack or email to recognize accomplishments and boost engagement.
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5. Looking beyond the conventional skill set
84% of recruiters say culture fit is a prominent factor in the hiring process – cubiks
- Look within your own function for cross-training opportunities.
- Establish a formal job rotation across departments.
- Offer incentives for multi-skill certification.
- Measure employee feedback – Use tools like QR code surveys to gather and analyze employee input.
There you have it, our selection of hiring trends to look out for in 2020. This isn’t an exhaustive list but we hope it gives a direction to your hiring plans for the upcoming year. Happy hiring!
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