Download - Recruitment Trends
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THE HIRING LANDSCAPE
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Hiring is up across the board…
Employers have added an average of 244,000 jobs a month since February (the best six-month hiring spree in eight years).
And at 6.2%, the unemployment rate is just above the 6.1% average for the past seven decades.
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Cautions….
Wages Under Employment
Long-Term Unemployment
Workforce Participation
Quitting and Hiring
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U.S. College Hiring
U.S. College hiring is expected to increase 7.8% in U.S. operations over 2013• Top Business Majors: Finance, Accounting /Business
Admin/Mgmt., Management Info Systems and Marketing• Top Science Majors: Mathematics/Statistics, Chemistry and
Physics • Top Engineering Majors: Mechanical, Electrical, Computer
and Chemical
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• 7.8% would be much higher if not for, Financeo But is showing a 40% decline in 2014
across all degree programs. (Michigan State University’s
Collegiate Employment Research Institute)
• 25-to-34 year-olds with a job fell to 75.6% in July, which was 80% before the recession (Associated Press)
Cautions….
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Fastest growing occupations 2012-2022
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Currently Impactful Trends
Continuing
Trends
Mobile is a critical
tool
Data-driven
approach is the
benchmark standard
Live video interviewing gaining acceptanc
e
Remote work is
expanding talent pools
Accelerated internal movement
is still needed
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2014 Recruiting Problems & Opportunities
Trends, Problems
, etc.
Competition for
top talent
Employee referrals become
dominant hiring source
Predictive metrics & Big Data become
essential
Employee branding
is the only long-term strategy
Recruiting monetizin
g its business impact
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Biggest Recruiting Challenges
Strategic Challeng
e
Retention will
increasingly impact recruiting
Speed again
becomes essential to remain competitiv
e
Limited resources
require position
prioritization
Reengineer college
recruiting to maximize success
Finding high-
impact technology remain
problematic
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Trends Peaking in 2015
Future Trends
Competitive
analysis will grow
from a “plus” into a
“standard”
Market research will allow
you to “know”
candidates
Firms will begin to “map” future talent
pipelines
Finding a candidate’
s work online will increase
in sourcing
importance
Hiring those
without degrees
will increase
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Top Ten Since 2008Engineers
Skilled TradesAccounting &
Finance Technicians Mechanics
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What’s so hard about filling?
ManpowerGroup Talent Shortage Survey
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Other Companies- What are they doing?
• Providing training• Redefining needed
qualifications• Increasing Starting
Salaries• Providing clear career
development paths at time of recruitment
• Increased focus on talent pipeline
• Offering flexible work arrangements
• Redesigning work procedures
• Adapting to recruit untapped talent pools
• Hiring those with potential to grow into roles
• Partnering with educational institutions
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New Talent Sources- a closer look
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Application
Social Media commonly used to find information—LinkedIn, YouTube
and Facebook used by 40%
studentPOLL
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Social “Network” Recruiting Statistics
94% of recruiters use, or plan to use social media for recruiting (Jobvite)
49% improvement in candidate quality for employers using social media
73% of 18-34 year olds found their last job through a social network
30% of Google searches (300 million/month) are employment related
89% of recruiters have hired someone via LinkedIn
59% of recruiters found “highest quality” candidates from social media
#1#2#3#4#5#6
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Any Questions?
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