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The Top Trends the Talent Pool Want in Your Business
People are a major contributing factor to any company’s success, and employers are always looking at how to hire talented employees to give their business more of an edge. According to CV-Library, HR professionals are saying today’s job market is 90% candidate-driven, which means that as an employer, you don’t choose talent – talent chooses you.
The needs and demographics of talented employees change with each generation. Before we were analyzing the baby boomers and generation X, now we are asking who are millenials and what they need in order to be interested in a particular role. Soon we will be asking the same of generation Y. Therefore it's important to understand how to attract employees from your desired demographic to the right role.
Taking in account LinkedIn’s top hiring trends of the year, Lucinda Pullinger, Global Head of HR and Talent at Instant Offices provides tips on what employers should look out for when hiring talented employees for the upcoming year and beyond:
Earlier this year, LinkedIn released a 2019 Global Talent Trends report, which surveyed 5,000 talent professionals in 35 countries. Combining the four trends considered to be most important to the future of hiring and HR, here’s what to do:
1. Invest in Employees Who Gel with Your Company Culture
91% Soft skills: 92% of those surveyed said that soft skills in the workplace matter “as much or more than” hard skills. These include the ability to communicate, teamwork and problem solving, 80% say soft skills are critical to company success, as soft skills are more future-proofed than technical skills, which advance rapidly.
2. Offer Prospective Employees the Perks that Matter to Them
72% Work Flexibility: Employers who offer flexibility in the interview process may be off to a good start. Once considered a perk, flexible hours are fast becoming a standard expectation among job seekers. LinkedIn has seen a 78% increase in job posts mentioning flexibility in the past two years. This trend in talent acquisition includes flexible working hours as well as the ability to work remotely from coworking spaces or hot desks.
3. Build a Healthy and Happy Company Culture
71% Safety and happiness: Job seekers are looking for places where wellbeing, communication and diversity are valued. There has been a 71% year-on-year increase in the amount of workplace harassment content shared on LinkedIn, and candidates are increasingly seeking out workplaces with policies in place to prevent and combat harassment and actively protect their rights.
4. Encourage Transparency and Communication
53% Pay Transparency: Pay has always been a confidential topic, but more candidates are looking for transparency around remuneration. More employers are starting to share salary information proactively. 27% of those surveyed say they share ranges with employees and candidates early on in the hiring process, and another 22% say they’re likely to start doing this in the next five years.
These trends are shaping the workplace of the future into a more agile, flexible and inclusive one. The Millennial workforce is placing a consistently strong focus on better flexibility and remote work options, as well as diversity, inclusion, wellbeing and more progressive values.
Considering that Millennials will dominate the global workforce by 2020 (at a predicted 35%), companies need to begin shifting mindsets for their talent acquisition strategies to be effective.