NewsCase StudiesEvents

90% Of The Job Market Is Now Candidate-Driven – How To Recruit In 2020

Also in the news...

7 Steps to Starting a Successful Business in College

Many students consider starting a business in college, inspired by the paths of successful people and the many opportunities available. Although various nuances may prevent you from achieving this, results orientation and perseverance will allow you to move mountains.

7 Popular Gibraltar Startup Companies

Though small, Gibraltar is a burgeoning hub for innovative startups. This British Overseas Territory has become attractive for entrepreneurs due to its favourable tax laws and business-friendly environment. Here, we explore seven popular startups significantly impacting their respective industries.

How AI Fashion Models are Changing the Product Modelling Business

Artificial Intelligence (AI) is revolutionizing various sectors, and the fashion industry is no exception. AI fashion models and the utilization of AI-generated images to showcase products represent a futuristic trend blending technology with creativity. This article delves into how AI is transforming fashion presentations, the benefits of this innovation, and potential future developments.

Navigating Tech Challenges in Global Expansion - Solutions for Startups

When you're steering your startup towards international waters, the thrill of tapping into new markets is often mingled with the challenge of navigating tech hurdles. From ensuring seamless operation across time zones to adapting to local regulations, the tech aspect of global expansion can seem daunting.

Guidance Living in Egypt

Information for British citizens moving to or living in Egypt, including guidance on residency, healthcare and employment.

90% Of The Job Market Is Now Candidate-Driven – How To Recruit In 2020

Back to News

As the year draws to a close, many companies begin to review their policies and their employee retention – something that can prove challenging with today’s workforce who are less likely to be loyal to a business who doesn’t prioritise factors that are important to them.

In the hopes of improving and growing in 2020, businesses are beginning to formulate new recruitment strategies. In light of this, Instant Offices has looked into the factors that companies and employers should consider when looking to hire in the new year.

Despite everything, members of staff are a significant contributing factor to the success of any company. For this reason, employers are consistently looking to hire talented people who can bring more of an edge to the team and overall business.

Company loyalty is on the decline

In 2020, just over a third (35%) of the workforce will be made up of Millennials (generation Y), a figure that is likely to increase to approximately three-quarters worldwide. This generation, whose focus remains heavily on inclusion and diversity, will also occupy a growing number of leadership roles in the workplace.

In the next five years, generation Y – those born between 1981 and 1996 will dominate the workforce, accounting for approximately 75% worldwide; also occupying a growing number of leadership roles in the workplace.

How to hire talent in 2020

The relationship between employee and employer is fundamentally changing as importance is placed on factors that create a better working environment, work-life balance and future-proof skills.

According to a recent global LinkedIn report, there are four key trends which are considered to be the most important when it comes to hiring in the new year:

Trend transforming the workplace

% of talent professionals who think it’s important

Soft skills

91

Work flexibility

72

Anti-harassment

71

Pay transparency

53

 

Soft skills, which includes the ability teamwork, communicate and problem solve, are far more desirable than ‘hard’ skills.80% of professionals say soft skills are critical to the success of a company, as they are more future-proofed than technical skills, which advance rapidly and are not necessarily as transferable.

Employers who offer flexibility in the interview process are more attractive to jobseekers who prioritise work-life balance.Once considered a perk, flexible working hours are becoming a standard expectation – job posts on LinkedIn mentioning flexibility have seen a 78% increase in the past two years.

A company that places focus on wellbeing, communication and diversity is highly desirable to jobseekers who want a healthy and happy company culture.90% of today’s job market is candidate-driven; prospective employees chose their employer more than companies choose them. Around half of all millennial jobseekers prioritise diversity and inclusion when choosing potential employers.

Year-on-year there has been a 71% increase in the amount of workplace harassment content shared on LinkedIn, and candidates are increasingly seeking out workplaces with policies to prevent, and combat, harassment and discrimination, as well as actively protecting their rights.

Transparency and communication remain a necessity for 2020.Pay has always remained a confidential topic. Still, as more candidates look for companies who have transparency and remuneration, particularly with a significant focus on equal pay, more employers are starting to share salary information proactively. Over a quarter (27%) of those hiring say they share salary ranges with candidates earing on, while 1 in 5 say they are likely to start doing this in the next five years.

These trends will continue to shape the workforce throughout 2020. Not only will considering these create a more agile, flexible and inclusive culture – appealing to younger generations who a consistently place a strong focus on flexibility and values, but also help to retain talent going into the new year.

You are not logged in!

Please login or register to ask our experts a question.

Login now or register.