The beginning of a new year is a natural time to reflect on the developments of the past year while preparing for new challenges ahead. Here are four key trends that will influence recruiting in 2017.
#1. Implementing Strategic Talent Acquisition
Recruiting and HR provide a solid foundation for organizations because without great talent, it is difficult for a business to grow and thrive. Although traditionally undervalued, human resources are now being acknowledged as a key to success. Talent acquisition is becoming more competitive, with top firms vying for the best candidates. Expect recruiting to take a more prominent role when organizational strategic goals are established.
#2. Adapting to Macroeconomic Trends
Despite relatively stagnant wages in the past few years, the United States saw a surge to a seven-year high in January. With the unemployment rate under five percent, America is edging toward full employment, which means fiercer competition for job candidates. And this means businesses will have to offer potential employees more attractive financial incentives and benefits.
#3. More Career Development Incentives
A few years ago, Silicon Valley tech firms—which are always seeking a recruiting edge—pioneered the use of gourmet cafeterias, office ping pong tables and gym memberships as employment incentives. Although these perks are nice, the notion that they make a significant difference in hiring and retention is dubious. Today’s employees, particularly younger workers, are more impressed by skill development, mentorship opportunities, flexible scheduling and telecommuting.
As a result, businesses should start committing resources for development programs and mentorship opportunities to entice top talent. If these are already in place, recruiters and HR staff should highlight this when approaching and meeting with potential candidates.
#4. New Artificial Intelligence Techniques
Many employers often lament the fact that they can’t find personnel with the right skills, while workers gripe about their inability to find a career that suits their desires. This is because recruiting remains more “art and science” rather than “exact science.” But this will begin to change as new artificial intelligence recruiting technologies are being developed to identify and engage candidates. This will make the process more effective and efficient
The Next Step
Staying on top of the most recent recruiting trends is essential for organizations seeking to be competitive. Businesses will need to rethink old human resources techniques and start implementing forward-thinking, innovative approaches. An effective recruiting strategy will attract the best talent for both short-term and long-term results.