1. Bigger job market
Expect to see more businesses this year increase their full-time head count, making for a bigger and more competitive job market. According to Chad Brooks at Business News Daily, 36% of employers plan to expand their staff in 2015, compared to just 24% in 2014. That’s a big jump, and means that you’re going to have to be ready with clear job descriptions, competitive salary and benefits, and innovative recruiting tactics.
2. Video Interviewing
The time for conducting dozens of personal first-round interviews is over. More and more companies are discovering the time- and money-saving benefits of screening through on-demand digital interviews. Video interviewing can free you up to evaluate a dozen interviews in the time it would normally take to conduct one face-to-face. At TruHire, we utilize HireVue’s powerful platform to help companies hire smarter in a digital age. You will probably recognize some of the companies who hire with the HireVue platform — companies like GE, Under Armour, the Boston Red Sox, Ebay, and many more. If you want to screen more and better candidates more quickly, it’s time to consider on-demand video interviews.
3. Stricter education requirements
Another Business News Daily statistic shows that this year, as in recent years, education requirements will continue to get steeper. As four-year degrees become more prevalent and jobs continue to be increasingly technical, more jobs will require not just BA/BS degrees, but Masters degrees as well. This means that if you’re looking for an edge in your job openings, consider whether you might want to examine candidates without traditional education for your job roles. You might find some great employees that other employers are passing up.
4. Higher salary competition
You won’t be surprised to hear that in 2015 you’ll likely be paying more for new talent, according to Small Business Trends. It may sound like bad news for business owners at first, but don’t underestimate the value of happy, well-compensated employees. Employees who feel adequately paid, and thus highly valued, often rise to meet the expectations and produce stunning work. So while you may have to increase some salaries to get the best talent, it might turn out to be a good thing for your company.
5. Passive candidate recruitment
Vivian Giang of Business Insider notes that with the increasing use of LinkedIn, it is now easier than ever to find great candidates who are not actively looking for work. This kind of “passive candidate recruitment” can help you find employees who are highly valued by their employers, and therefore very likely to be of great value to you. Having your recruitment team shift some of their time looking for happily-employed, talented individuals rather than just sifting through incoming resumes can give you that much-needed edge.
What trends have you noticed, and what are you implementing in your business to adapt?