The year 2020 has brought in a massive shift in all areas of our lives. The Covid-19 pandemic forced companies worldwide to shift from corporate hallways to home offices overnight. Having a remote team was the most significant policy change reported by employers in the last year. It has now become a standard for most businesses.
Remote teams allow companies to source talent from a broader global pool without location being a constraint. However, HR professionals need to adapt and adjust their hiring plans irrespective of the industry. Therefore, it is essential to understand the key trends that will shape the hiring processes in the new world of work and plan to adapt to these changes.
A Shift in Working Patterns
The criterion of job location has become less important in the new world of work. It offers more options to recruiters to look for suitable talent beyond the city, state, or country. With the adoption of remote working, many organizations have increased productivity, and employees are enjoying the flexibility of time and not having to travel daily to work.
Work from home supported by advanced communication technology can lift physical barriers between employers and a quality workforce. It is increasing global hiring and helping companies to enhance their deliverables to clients. Many expansion programs that were kept on hold due to the non-availability of the desired talent are now possible because businesses have recognized it can all be digitized. Organizations quick in adopting the advanced HRM systems are the biggest beneficiary of this emerging trend.
Data-Driven Hiring Using AI
Data-driven recruitment is one of the key trends that HR recruiters need to watch to deal with the Covid-19 disruption and sustain business continuity.
With Artificial Intelligence, the traditional hiring process will upgrade through complete automation of candidate verification and onboarding practices. AI-powered chatbots will become common as employers begin to utilize them for resume screening before scheduling candidates for interviews and understand and reply to candidates’ queries in real-time. On top, the speed and accuracy brought in by AI-based recruiting tools have become a necessity for recruiters.
Data analytics plays a significant role in fulfilling the recruiting department’s long-term goals. Organizations are now moving from usual descriptive analytics to predictive HR analytics. Accordingly, they can foresee upcoming trends that they can use to advance HR and recruitment operations.
With accurate data in place, recruiters can save the time and cost of interviewing multiple candidates. Instead, they can more effectively sort lists of applicants and only interview top candidates suitable for the role.
Post-pandemic businesses will see a rise in technology adoption for paperless and contactless onboarding and employee background check. This will reduce hiring employees with uncertain backgrounds and provide genuine employees with a great onboarding experience. HR recruiters will also enjoy a quick turnaround time while hiring new employees.
Investing in the right tools such as Applicant Tracking System (ATS) for a seamless virtual interviewing and onboarding experience can positively experience candidates’ hiring process.
Freelance and Project-Based Hiring
After the Covid-19 pandemic, many companies are moving towards project-based or freelance hiring. Since remote working has become the new normal, employers are free to hire the best talent across the globe. In addition, this will provide opportunities for companies to take up projects on a short-term basis. As a result, the project-based workforce will be engaged in the most important work the firm undertakes.
High attrition is never good for a business. When an employee resigns, the employer needs to pay exit costs and benefits. Then, the company needs to invest in hiring and training new employees. And in difficult times, it is better to have employees who know the work, business and share its vision. An employer with a good reputation should look for the chances of recruiting candidates that are looking for long-term employment.
Standardization of Benefits
With more employees working remotely, employers need to look at their benefits packages. Whether employees are in the same country or spread around the globe, employment benefits need to reflect their day-to-day life and requirements.
The COVID-19 pandemic has changed the face of HR recruitment at once. In the new age of HR recruitment, employers will have to take a long look at their recruiting and onboarding policies for a smooth transition and sustainable growth. To be successful, employers need to be aware of the above trends and make efforts to adapt to them.