Employees are the gold mine for every organization, and your business can’t risk making poor recruitment choices. A wrong move can wreak havoc on your business, but a well-refined hiring process is a surefire way to hire the best talents.
The fearsome rivalry in the business world has incessantly escalated in the past few years. With lots of businesses crumbling and falling into oblivion, organizations are becoming consistently innovative.
While 2023 is just around the corner, many companies strive effortlessly to build an unparalleled workforce, adopting new recruitment trends and keeping their eyes peeled on tracking applicants to hire today’s top talents.
It’s a mad race to the hilltop!
No doubt, the success of a business is mainly dependent on the quality of its workforce, and an efficient workforce is a product of how well you’re able to manage the hiring process.
It’s fair to say that “employees are the heart of an organization.“
With the clock ticking ceaselessly and 2023 just a stone’s throw away, what new strategies have you devised to get a grip on the most talented job seekers?
Still the same old process? Worry not.
This article gives some insights into some of the latest recruitment trends you should consider to facilitate an efficient hiring process.
8 Hiring Process Tips & Recruitment Trends for 2023
The process of hiring requires a high level of ingenuity and expertise. Paying close attention to details is crucial for a refined hiring process.
1. Craft An Irresistible Job Ad
Your job advertisement is usually the first point of contact between you and your potential employees, so creating a lasting impression is of great importance.
Many HR professionals are quick to bore applicants with an overly long list of job requirements and responsibilities when making ads for vacancies in their organization. This singular act makes companies miss out on top talents.
The most effective job ads contain clear, engaging, and captivating job descriptions. It should have clear job titles, promote the uniqueness of your organization, give relevant information about vacant posts, and resonate in clear and all-inclusive language.
2. Harness The Full Potential of Social Media
This is the digital age, and virtually no business can survive without an online presence. Social media remains the most effective and inexpensive channel to get your job ads to the nooks and crannies of the world.
Since most job seekers are tech-savvy, they quickly search for jobs online. A vast majority even prefer to work in organizations that keep pace with the latest technological trends, so having an online presence is paramount.
About 92% of recruiters utilize social media pages such as LinkedIn, Indeed, and Facebook as platforms to target and recruit suitable candidates. You can follow threads on social media pages like Twitter to source suitable candidates with the experience and expertise needed for the role you’re looking to fill.
3. Streamline Recruitment With ATS
The recruitment process has never been easier or more productive than with the introduction of the applicant tracking system. This software is a product of technological advancement and a delicate tool for any organization looking to step up its hiring process.
ATS completely transforms all bulky and manual hiring process activities into fully automated ones, allowing the hiring team to focus more on other pressing matters.
One of the key features of ATS is its tracking capability. Tracking applicants is vital to getting facts and figures right when recruiting new hires, and the robust functionalities of ATS pave the way for HR managers to keep tabs on applicants at every stage of the process.
With this, the hiring team can have a proper background check and get the necessary information about an applicant.
Moreover, you can easily configure the software to circulate multiple job ads, send progress emails to candidates, and automatically promote successful applicants to the next stage of the hiring process.
Finally, the recruiting software provides you with a detailed, progressive report and analysis of the hiring process at each stage, allowing you to make necessary changes to areas where you need to improve.
4. Leverage Employee Referral Program
Hiring quality candidates doesn’t have to be tedious if you know how to play your cards right. It can be a win-win situation for you just by setting up a referral scheme.
Curious about how this works? It’s simple.
When referral programs are backed with incentives, employees become more agitated to refer suitable applicants, which comes with a sense of security. It saves you the stress of running background checks before the interview process.
In addition, it saves you up to $18,000 in hiring costs per employee that could have been spent on recruiters and job postings.
5. Your Reputation Precedes You
A negative brand reputation can cause you to lose vital employees in your firm, and in the same vein, it can ruin your chances of recruiting the best candidates and cost you 10% more per hire.
Note: Recruiting the best candidates doesn’t have to be all about finding new job seekers. There are lots of professionals out there who are passive candidates; they’re not hungry for a job but are open to better opportunities.
According to reports, employers with a strong personal brand can save up to 43% of the cost of hiring. You can promote your brand by working assiduously on your online presence, keeping your career profile updated, giving an adequate response to reviews, and updating your work ethic.
So it’s a tactical approach to success. The idea is to give your business an irresistible brand face to allure more professionals, either active and passive candidates or top talents in other organizations, while keeping your own workforce intact.
6. Create a Talent Pipeline
Now that you have unraveled the secret to having a successful hiring process and your hard work is starting to pay off, your organization may be flooded with talent pools. This is a window of opportunity that you must utilize to the fullest.
The aim remains to hire the most qualified candidates, so what do you do when you have a handful of them at your doorstep?
This is where a talent pipeline comes in. At some point, your organization may be overwhelmed with a lot of talented applicants vying for a particular role, and due to the company’s needs, you may not have the capacity to accommodate them all.
Rather than setting them off, you can use the information they have provided to create a talent pipeline, stay in touch, and reach out to them when vacant roles need to be filled.
It will save you time and resources and lead to higher retention rates.
7. Embrace a Hybrid Work Model
The business world underwent an extraordinary transformation in recent times thanks to the COVID’19 pandemic, which struck a blow to the hearts of various businesses and forced us to adopt the work-from-home model.
Remote and hybrid work has since become the new normal among job seekers, especially those in the technology sector. 83% of job seekers prefer the hybrid work structure, and most applicants quickly disregard job openings that do not support remote work flexibility.
As a result, 56% of organizations have implemented hybrid work strategies to facilitate a digital-based workforce. So if you are looking to attract and hire new talents for your organization, implementing a hybrid work strategy could go a long way.
8. Enhance The Candidate’s Experience
It’s important to create a positive candidate experience and leave a lasting impression on candidates at every stage of the hiring process. From job advert to the final recruiting phase.
Candidates now attend interview sessions with inquisitive minds and huge expectations, so every interaction with them leaves either a positive or negative impression of your organization.
When updating your company’s web page, be informative and genuine about what makes your organization unique. Keep disqualified applicants in the loop by emailing them, and be open to giving feedback.
The World Is Your Oyster
Now that you’ve gotten some beautiful insights at your fingertips, hopefully, you will incorporate them into your hiring process and bring in the best of today’s talent.
The business world is constantly evolving, and businesses are becoming more creatively innovative. The talents are becoming fewer, and new rival organizations are unceasingly surfacing.
To attract suitable and qualified candidates, you must be proactive and not be afraid to make changes. It is past time to abandon antiquated hiring practices and embrace new recruitment trends.
Rilwan Kazeem is a junior SEO writer at Skale. He has been in the writing world for three years. Being a passionate reader and content writer, he enjoys researching and engaging his readers with thought-provoking and detailed blogs and articles.