3 Hiring Trends That Affect the Way You Hire
The unemployment rate is lower than it’s been in over ten years, and the labor force participation rate has been plummeting since the 90’s. That means it’s getting harder than ever to hire top talent.
Luckily, the hiring industry has responded with a suite of innovative new hiring trends. Understanding these trends will not only help you find the best talent available, it’ll help you find the best talent available for your specific needs.
In this article, we’ll tell you about three of the most exciting hiring trends out there today. Read on and revolutionize your hiring strategy.
New Interview Techniques
We all know that the interview is one of the cornerstones of the hiring process. But unfortunately, the traditional interview has plenty of flaws.
Traditional interviews don’t do a good job of determining how much perseverance a candidate has or how solid their soft skills are. You’re also more likely to approve of a candidate who is attractive and charismatic even if they’re not a better candidate.
In recent years, companies have been turning to more advanced interview processes in order to combat these flaws.
For example, there are online soft skills tests that companies can give their candidates, and many companies have their candidates do a week of real, paid work in order to see how they do in the office environment. There’re even companies that use virtual reality in order to test their candidates.
Hiring By Team
One of the biggest challenges to hiring is finding candidates that will fit well with your team culture. To get around this, many companies have started hiring entire teams all at once.
Let’s say a rival company has a stellar marketing team. With the proper investment and hiring strategy, you might be able to hire that whole team to leave and become your new marketing team.
That example might seem a bit extreme, but the team hiring concept goes beyond stealing teams from your competitors. Hire a team of friends who work on DIY projects together or hire a group of engineers who went to the same school.
Hiring through a team may take a little more effort and patience, but you’ll receive enormous benefits in terms of efficiency and cohesion.
Data Based Hiring Trends
You didn’t think you were going to make it to the end of this article without us mentioning big data, did you? Big data is changing every aspect of the way we do business, and that includes hiring.
Data analysis turns hiring into a numbers game; no more gut decisions. It seeks to quantify every aspect of your potential candidates — their education level, where they live, even their hobbies — in order determine which candidate is the best fit for what you’re looking for.
That also means you need to conduct data analysis internally. Determine what’s working and what’s not working for your company, and hire based on what you find.
Obviously, not everything is quantifiable. You’ll need to combine this data-driven approach with qualitative approaches. But data analysis can go along way toward making the hiring process easier, more efficient, and less biased.
There is even a trend toward using artificial intelligence systems to screen candidates before you reach out to them. Understanding these technologies is key if you want to keep up with the hiring trends of the future.
Keep Up With the Latest Hiring Trends
Those are just three of the most important hiring trends to be aware of. But the hiring ecosystem is always changing.
If you have any other questions about hiring, don’t hesitate to contact us.