Tech is changing, but human talent (recruiting, retaining, and keeping employees happy) is what drives innovation.
According to Linkedin Global Recruiting Trends survey, 56% of Talent Acquisition teams say their hiring volume will increase, and HR professionals have the challenge of creating outstanding employee experiences in order to retain top talent.
According to Kendra Reay, more and more, employees are starting expect perks like free lunch, flexible work hours, and vacation.
So, how will the industry respond to these challenges?
Focusing on employee experience and hyper-personalization
With the market becoming more and more competitive, companies are switching focus from what employees need to what employees want.
Google Trends data reveals that the term “employee experience” has jumped 140% since 2011, affirming that the switch will be a major trend, and as a result companies will gravitate towards hyper-personalization in the workplace in terms of benefits, compensation, and the way of work.
Bots and Artificial Intelligence changing how we work
According to Brendan Browne, a “premium” will be placed on the human side of the recruiting process through the evolution of Bots and AI.
Rethinking annual performance reviews
Companies across all industries are reassessing annual performance reviews, with nearly 46% of companies changing their review practices, or getting rid of it all together.
“It’s such a hot topic…no one has gotten it right” and everyone is striving to.
Transparency and trust between employer and employee has become increasingly important. “20-25% of your managers are employees, and so there has got to be trust.”
Emphasizing skills over schools
Deloitte plans to hire over 1,500 recent college grads and will not share the university in which the candidates come from with hiring managers. This practice is an effort that intends to create a more diverse workplace.
Recruiting teams will need to adapt to this evolving recruitment methodology in identifying hidden talent pools.
“There are pools of hidden talent that no one really thinks about, but are incredibly capable and brilliant.”
A new focus on the predictive side of data
Data will allow us to predict growth, expected employee compensation, and what skills are needed.
Talent on Tap is a weekly series where Pat Wadors and Brendan Browne break down some of the hottest topics, biggest challenges, and most enticing opportunities in the world of talent. Talent on Tap will also give you an opportunity to hear from other organizational leaders, subject matter experts, and thought leaders in the space. Stay tuned each week for the latest.