Employee Recruitment and Retention – Here Is How To Improve in 2021
Employee Recruitment and Retention is vitally important to any organization for consistent and effectual improvement. Unemployment is at an all-time low, and this means fewer people are proactively looking for a new job. So, how can you ensure you stand out from the competition and attract the best individuals to your vacancies? Below, we give some top tips for boosting your hiring efforts in 2020.
According to CV-Library’s latest research, over half (54.5%) of organizations are planning to increase their level of Recruitment and Retention in 2020. At the same time, 84.2% say that a lack of relevant candidates is impacting their hiring efforts right now.
Focus on the candidate experience
Candidates still hold power in the current market; it is as simple as that. A staggering 73.2% of employers feel there is more pressure to focus on the candidate experience when hiring.
And there is good reason to believe this. Our research shows that 70% of candidates will reject a job offer if they have a bad hiring experience.
With this in mind, have a look at your entire Employee Recruitment and Retention from start to finish and see how you can improve it in 2020. From your application forms and interview process to how well you are communicating with candidates, these can all impact someone ones decision to apply and/or accept your offer.
Invest in the right tools for Employee Recruitment and Retention
What tools do you use when recruiting? According to our research, three-quarters (73.5%) of companies say that job boards are their primary source of talent, followed by social media (10.6%) and recruitment agencies (8.8%).
Whatever platforms you are investing in, it is essential to ensure they are working for your company. For example, are they driving the best quality candidates? Are they introducing new features that help your brand stand out? Speak to your suppliers and see.
Alongside this, it is good to practice to keep on top of the latest technology in the market.
Prioritize quality over quantity
Interestingly, our research shows that 92.6% of companies believe that the quality of candidates will be more important than quantity in 2020. At the same time, 83.9% say that the quality of hire is most important when measuring the success of their recruitment process.
This is the right approach to take. Especially as 48.2% admit that they have settled on a candidate because there was no-one else available, with 74.1% stating that this was not the right decision.
So how can you prioritize quality over quantity? Well, stop measuring the success of your recruitment on the number of applications you are receiving. Be patient and take the time to be proactive to source top-quality candidates.
Make the best hires this year
We hope you find our tips useful! To help you even further, CV-Library would like to offer HR Grapevine users an exclusive free trial. With a database of 14 million CVs, we can grant you access to the best quality candidates, giving you the tools to power your recruitment.
Want to know what key trends are shaping the recruitment industry in 2020? Download our whitepaper ‘Recruitment trends for 2020‘ where we discuss the trends in more detail and offer practical advice to help you future-proof your Employee Recruitment and Retention in 2020.
Source: HR Grapevine