What you choose is what your company will become. One of the most important investments your company can make is in new employees. They are the steps that figure out the future of the organization. 

On the other hand, hiring as a process apart from causing frustration and being a huge time-consumer for businesses also has an enormous cost. According to Investopedia companies spend an average of $4,129 per hire and 42 days to fill a position. It involves multiple resources across the process and also requires a lot of work and determination to make this complex operation work.

Apparently, cultural transformation and the great economic upheaval have changed the way people want to work, and along with it the recruitment process should only be evolving and adapting to these changes. The business world has never been more integrated and it’s true that almost anything can be done by outsourcing today, it is proven.

Are you planning to hire top talents in your company? We will show you what is going on in the job market and how you can optimize recruiting practices. Start incorporating these hiring strategies for a smooth and successful process.

‍

1. Competition to hire

Every company has its own unique methods to stay ahead in the game when seeking to hire talent in this extremely competitive job market. Yes, extremely competitive - and the best business leaders are the ones that confront this challenge and start thinking about their corporate’s hiring needs now. 

The fast digital transformation is changing everything, especially the workplace and workforce. Employers are forced to think differently, from how they recruit to the benefits they offer to employees. However, competition between organizations will only increase in the coming years, as employees are looking for more than salary. It’s obvious now that they have more choosing power, therefore employers need to tailor a specific strategy in order to attract quality hires.

Companies that have the ability to quickly reorganize, responding to change, and those that give the flexibility to meet workforce demands will already have an edge. Offering employees the opportunity to finish their work when it best fits them sounds like a win-win situation. As a result, whether they work from home or outside the standard 9-5 workday there is a huge possibility employers will get a higher level of dedication and productivity.

‍

2. Why is talent pool important?

Recruiters have usually waited for things to happen in the company before starting to look for new employees. This incredibly competitive hiring landscape puts companies at a huge disadvantage if they are not planning recruitment before the need to fill open positions.

 Hiring managers must develop a proactive approach and build strong relationships with potential candidates to create a group of talents that would allow businesses to be a step ahead of other competitors. Further, candidate experience should improve to another level, to a more candidate-friendly approach, different from the traditional practice of posting job listings and waiting for job-seekers to apply.

‍

The need for a ‘Talent Pipeline Framework’, a strategy that is not simply a structure for hiring.

‍

Your company should develop a talent pipeline or a “pool” of qualified candidates which need to be tailored according to your company’s culture, needs, and goals. Integrating it will prevent the starting of a talent search from scratch every time you need to fill an open position. Primarily, this bold framework is a master plan that will drastically reduce your time to hire. 

In other words, ‘the talent pipeline framework’ not only will save you time and money but will bring you highly qualified candidates that will certainly make a difference in your company. 

‍

3. Time to shift

The workplace has evolved in ways we couldn’t even imagine due to the Covid-19 pandemic and we can sense the challenges coming our way. 

Why is it important to understand where we are heading, and how will the future work trend be? 

First and foremost, no matter what it looks like, it’s impossible to avoid the future of work. With many changes that will continue to grow and increase over time, it’s important for businesses to understand that they need to provide themselves the opportunity to prepare. 

Among many predictions to take place in the upcoming years, the number one concern for CEOs and the entire executive teams in 2022 will remain hiring, says Conference Board. It’s simply the biggest threat to the businesses, as CEOs will have to get ready for a new era. 

Moreover, it’s very interesting how the way we work is transforming - with more young people entering the job market and with the number of remote workers increasing massively. In fact, succeeding in the future will become quite difficult without great partnerships with other organizations.

In other words, you should revive your hiring strategy and be at the top of your game by getting along with these trends that will shape the future of business.

‍Are you ready for strategic hiring in this new era?