The Future Challenges of Recruitment and Hiring

Companies need to prepare themselves to attract and retain the workers they will need for the growth of their organization. However, they also need to navigate the choppy waters of growing globalization and the emergence of social media to attract the right talent pool through best practices.

Firms are facing several challenges due to the ever-changing nature of the workforce as well work itself.  Therefore, Human Resource managers need to stay on top things to ensure that they are able to retain as well as hire the right candidates.

Human Resource outsourcing firms need to keep a check on the changing nature of candidates along with their skill set, because of lack of standardization of education and globalization. Human Resource outsourcing firms also need to understand major future demographic, technological and societal shifts. For example, online job boards provide companies with a varied candidate pool, however it proves quite a task for the HR staff, as they have to sift through a large number resumes for limited positions.

Here are a few challenges that HR companies face.

Retaining Talented Candidates

Retaining and rewarding critical talent is one of the biggest challenges faced by Human resource firms. In this age of globalization, it is very difficult to retain and engage strong performers, as they are not afraid to jump companies for better opportunities. It is important for companies to devise innovative practices, which would reward their star performers according to their achievements and in turn retain them.  In this globalized economy, the human capital creates the base of the future of an organization.

Social Media

Websites like LinkedIn, Facebook and other social websites are easy avenues for job seekers to go job hunting and post their resumes. However, easy access to these websites makes it a difficult task for recruitment process outsourcing firms to sift through the candidate pool.  HR mangers need to understand the importance of such websites and gain knowledge about them to make the most of the talent pool.  Having in depth knowledge of social media tools can help mangers grab the candidate before the competitor does, because candidates usually have privacy settings of their social media sites and knowledge is needed to navigate them.

Technical Talent

Lack of technical talent has made it increasing difficult for companies to hire candidates for specialised positions.  Even during periods of high employment, technical knowledge based companies find it difficult to find people with the right education background and experience to fill the positions in niche jobs.  Companies are laying emphasis on a stronger education background and specialized training in niche sectors.

Globalization

Adhering to policies of inclusion is very important for organisations. Due to, globalisation candidates from different demographics, race, ethnicity, gender and religion all work under one roof.  It is also important to create a conducive work environment, which will improve employee morale and improve productivity. It is essential for the HR staff to create an environment of inclusion and keep up with the changing needs of the employees.

The business world is moving at lightning speed but the recruitment processes are lagging behind.  In future, candidates will have multiple offers from different avenues and won’t wait around for hiring managers to make their decision. Therefore, recruitment processes need to change and adapt to the new ways to have access to the best talent pool.