The digital age has sparked innovation in countless industries, and while this is great for businesses, it has created a wide talent gap. For instance, one study found that it takes an average of 58 days for recruiters to find an engineer. Individuals with highly complex skills are in high demand, and at first glance, it appears that there are simply not enough qualified candidates to fill these positions. However, if you take a closer look, entirely new opportunities begin to open up.
Current Workforce Trends
It’s true that the U.S. is currently facing the lowest unemployment rates in over 50 years, and the majority of workers are not actively searching for a new job. However, this isn’t necessarily bad news for recruiters! According to global research conducted by LinkedIn, 85% of employees in the world would happily switch jobs for a better opportunity. Recruiters can attract these passive candidates with excellent job postings, a great company brand, and employee benefits that rival those of your competitors.
In addition to these stats, a record high of 27 million Americans are launching or managing their own small businesses. These hard-working and creative entrepreneurs can be great employees, according to Jeff Vijungco, Adobe Vice President of Global Talent Selection and Development. In an interview, Vijungco states that, “...I think entrepreneurs can definitely help balance the mindset of a large organization.”
Millions of people might not be looking for a different career at the moment, and it’s likely that your top picks for talent are already working a steady job. Recruiters must convince these talented individuals to take a chance on exciting new opportunities instead of posting job descriptions and waiting for the perfect person to apply.
Best Recruitment Tools of 2019
Business leaders have a range of HR technology tools at their disposal today; in fact, the number of options available to them can seem overwhelming. Josh Bersin, a global industry analyst, said that he is currently tracking more than 1,400 HR tech companies that have devised their own unique ways of finding and assessing job applicants. So how can you find out which tools are best for your business?
Most importantly, you’ll have to do some research to find out where your most likely candidates will look for open positions. For instance, posting a job opening on Facebook might not be the best strategy if you’re trying to find tech-savvy college grads. Once you find the right platform to advertise the position, then you can use these popular tools to refine your search for the ideal employee:
- Job aggregators. Indeed and CareerBuilder are the leading sites for finding top talent, with helpful tools for job seekers and recruiters alike. Indeed was found to have accounted for 65% of hires in the U.S. in 2017, and there are over 100 million users on its platform.
- Assessing applicants. According to one study, 57% of companies use pre-hire assessments to gauge each applicant’s skills and qualifications. HackerRank is one of the best tools to test the ability of software engineers and developers, and the Self Management Group boasts over 35 years of data to prove the effectiveness of their trustworthy assessment tools.
- Artificial intelligence (AI). AI is helping employers improve their job postings, narrow down job applicants, and even schedule interviews with candidates. Ideal is a great option for screening applications and analyzing each candidate’s information based on their resume, assessments, and other data. Textio can help you avoid using unintentionally biased language in your job postings by suggesting different words and phrases use instead.
- Applicant tracking systems (ATS). According to OneGig’s extensive research into 100 different ATS softwares, the top choices for recruiters include Greenhouse Software, Workday, Taleo, and iCIMS. These systems can help recruiters keep tabs on their top candidates and find the most qualified individuals faster.
- Candidate relationship management (CRM) software. Recruitment marketing is on the rise, so these tools can be used to help employers attract new hires and engage with potential employees. SmashFly can assist with content marketing needs and creating a strong business brand to define your company. Yello software can easily integrate with your current ATS, and it includes features like schedule automation and video interview capabilities.
Tips for Interviewing Potential Employees
After you have scheduled interviews with a list of applicants, you need to ensure that the interview process goes well. According to LinkedIn, 83% of candidates reported that a negative experience during an interview could make them change their mind about taking on a role in a company they liked.
To avoid scaring off potential new hires and to accurately assess each applicant, revamp your interview process by asking these questions:
- What career accomplishment are you most proud of?
- What’s an interesting fact about yourself that isn’t on your resume?
- Why would you like to work here?
- What are your greatest weaknesses?
- Can you tell me about a time that you overcame a difficult situation at work?
- Why are you leaving your current employer?
With an improved interview experience, excellent recruiting tools, and a great workplace culture, you’re sure to gain the talent your business needs to continue innovating for several years to come.