The recruitment industry has seen a dramatic change in the last few years. In these years, we live through the greatest workplace disruption and the level of volatility will not slow down in 2022! The disruptions caused by the COVID-19 pandemic demanded the recruitment industry to adaptat a quick pace to:
- Higher unemployment rates – the U.S. Bureau of Labor Statistics reported that the country’s unemployment rate reached an all-time high of 14.7% in April 2020, which is higher than the rate of unemployment during the Great Depression in the 1930s.
- Shift to remote working – U.S. remote working days doubled in the pandemic.
- Adoption of remote recruitment methods – 86% of organizations incorporated virtual technology for interviewing candidates in response to pandemic uncertainty
Likewise, 81% of the talent acquisition specialists believe that virtual recruiting will continue post-COVID and 70% think it will become the new standard.
What are recruitment trends?
As the business world evolves and expands, recruitment conditions also change. However, the recruitment process is still the same despite all technological advancements. Businesses source candidates, evaluate their roles and put them through multiple selection processes.
What has changed is the recruitment trend – how HR leaders evaluate candidates is changed over the last few years. The trends such as analytics, and workplace assessment are more effective for assessing candidates than traditional ways such as CV checks.
Recruitment trends have evolved and will continue to grow in the next wave of technology, such as metaverse. The pandemic’s disruption and the technology enhancement have accelerated the existing hiring trends and informed talent acquisition professionals of new ways to attract and recruit the right talent.
Importance of implementing recruiting trends in 2022
Let’s look at the top five recruitment trends to help you expand the efficient workforce.
Artificial Intelligence (AI)
With the enhancement in technology, the HR industry has experienced an engulfing AI wave. Most companies will focus on implementing systems that will work on the principle of AI, making it one of the most significant recruiting trends of 2022.
According to the HR Research Institute, 96% of HR managers believe AI has the potential to aid in the right talent acquisition, and 55% think that AI will become the recruiting process in the next five years.
AI-based tools help talent managers find the right talent faster and more efficiently. Some tools aid in the seamless scanning of online job applications to identify candidates that meet the job requirements, which takes recruiters 14 hours per week.
AI automates the process that helps match the right person for the right position by tracking numerous keywords, and data points.
E-presenteeism
After the COVID-19 pandemic, we witnessed the remote work-related phenomenon among workers. This made me think that working from a home setting encourages E-presenteeism, causing workers to feel they should be available for the company as much as possible.
The research states that almost 86% of staff think they need to prove to their managers that they are worthy and hard working. Sadly, this ultimately results in depression and burnout.
This triggers another recruiting trend that tackles the over-connectedness and availability issue. It is the process that ensures employees are not overworked and overwhelmed. Employers’ core duty is to introduce such a system that encourages workers’ work-life balance while ensuring productivity.
Data-driven recruiting
Data-driven recruiting is an approach to recruiting new talent. It involves using tangible facts and statistics to make hiring decisions – from selecting new decisions to developing hiring plans.
With this emerging trend, planning and decision-making depend upon the data obtained through HR technology such as different recruitment marketing platforms. This can help to reveal which part of the hiring strategy works well, and which needs improvement.
Many top companies including Uber, Facebook, and Robinhood have adopted the data-driven recruiting approach to go beyond resumes in the hiring processes to identify the right talent based on skills rather than education or past employers.
The data-driven recruiting approach helps reduce biases in the talent selection process, increases diversity and quality of hire.
Diversity, equality and inclusion
This trend might not be new, but it will continue to be a hot topic in 2022. According to the World Bank, workplace gender equality can help the global economy with up to £120 trillion. Moreover, gender and ethnic workplace diversity can improve profitability by up to 33%.
But, there is a chance that companies will go beyond the statistics. The new recruitment trend will focus on systemic inequalities and ways to enhance discriminatory systems.
Employees’ well-being
The focus on health and well-being is one of COVID-19’s legacies. This makes 2021 the year of implementing and evaluating mental health policies. In 2022, we will see a rise in employees’ well-being surveys, apps and mental health training, making it one of the top recruiting trends.
It’s no surprise that this is a top concern for HR directors, as the corporate well-being market in the United States is estimated to be $20.4 billion and is expected to increase to $87.4 billion by 2026.
Conclusion
In an employee-driven market, it is essential to keep yourself updated on recent technology, understand current recruiting trends, develop efficient hiring strategies and market your organization that potential candidates want to work for.
More must-read stories from Enterprise League:
- The golden rules you need to build a steady buyer-seller relationship.
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- Bad boss traits that should make you think twice about your future.
- Delegate work easily with these proven six tips.
- 26 common hiring errors that small businesses should avoid.
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