You can also view this article and many others in Issue 212 (12/3) of my Talent Edge Weekly newsletter. In a competitive job market, offering higher salaries is a common strategy to attract top talent, particularly for critical positions. However, this practice may result in disparities in pay equity between new recruits and existing employees and could swiftly exhaust …
An organization’s hiring needs can change quickly due to economic uncertainties and shifting business conditions. To adapt to these changes, recruiting functions need to be able to adjust and scale up or down accordingly. This Gartner article provides three strategies for enabling this adaptability: 1) develop a flexible forecasting process, 2) make resourcing decisions with flexibility in mind, and 3) protect investments …
As organizations fine-tune their 2024 hiring strategies, Indeed’s Hiring Lab’s latest report provides valuable insights to shape these plans. The report delves into five key trends, including the decrease in job postings, stabilization of wage growth, potential impacts of an aging population on labor force participation, and a noticeable upswing in AI-related job listings. Regarding job postings, the Indeed Job …
If you value content like this, sign-up for my free Talent Edge Weekly newsletter! According to a recent Bain & Company report, workers aged 55 and older in developed countries will exceed 25% of the workforce by 2031, nearly 10 percentage points higher than in 2011. Japan stands out as an extreme case, with individuals aged 55 and …
This 10th annual report by Korn Ferry highlights six key trends in talent acquisition for 2024. One of these trends is the intersection of AI and recruiters, with AI streamlining time-consuming recruiting tasks, such as assessments and scheduling. This practice enables recruiters to prioritize the candidate experience, relationship management, and innovative talent sourcing. Another trend is AI’s role in …
Job descriptions are a foundational component of many talent practices, such as workforce planning, recruitment, hiring, performance management, compensation, and career development. However, as work continues to evolve quickly and becomes less predictable, there is a growing realization that traditional job descriptions present limitations for organizations’ talent management. This article shares three emerging and flexible approaches to job …
As organizations strive to swiftly fill their vacant positions with top-tier talent, a commonly employed recruiting metric for gauging hiring efficiency is time-to-fill (TTF). While debates persist about its accuracy and utility, TTF is still one of several metrics that can shed light on recruitment practices. This LinkedIn analysis explores TTF measures of ten job functions and examines …
As organizations compete to attract and hire top talent, one key factor in securing the best hires is the candidate experience. The candidate experience refers to the perception and feelings of a job seeker regarding an employer and their job application process. While the candidate experience has various touch points, many involve interactions with recruiters, hiring …
In September 2021, I shared a 74-page report by Harvard Business School and Accenture titled “Hidden Workers: Untapped Talent.” This report identified several barriers that hinder organizations from considering “hidden workers” as potential employees or workers. Hidden workers are characterized as individuals who are seeking employment but face obstacles because of hiring practices that primarily focus on what they …
The candidate experience—the total of all interactions a job seeker has with a company during the hiring process—is vital to a firm’s employment brand and ability to attract top talent. And while one of the first touchpoints of the candidate experience is the initial job posting and application process, I increasingly hear of cases where candidates …
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