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Technology

The Recruitment Process Is More Digital Than Ever

August 1, 2024

Technology

The Recruitment Process Is More Digital Than Ever

August 1, 2024

Photo by Igor Omilaev on Unsplash

Maintaining a stable talent pipeline for recruitment is crucial for any organization’s success. U.S. job openings rates remain historically elevated, and 39% of Fortune 500 CHROs projected that their companies would hire new people and expand their workforce in 2024. Technological advancements and the COVID-19 pandemic have shifted the recruiting landscape. To succeed, organizations must understand how recruiting has changed, refine their strategies to meet online job seekers’ expectations and behavior, and meet new standards for the recruitment process.

A Quarter of the Workforce Has Been Recruited Recently

About one in four U.S. employees (24%) have been recruited by another organization in the past three months, up from Gallup’s initial benchmark of 19% in 2015.

These elevated recruitment rates have held steady in recent years. Employees are just as likely to be recruited now as they were during the employee-friendly “great resignation” labor market of 2021. Despite market shifts, finding top talent to fill important positions remains a fundamental challenge and focus for business leaders.

To bolster their efforts, recruiters are increasingly turning to poaching employees, targeting workers from other organizations who are not actively looking or even watching for new job opportunities. These employees have a nearly one in five (19%) chance of being recruited within a three-month period, a 27% increase from 2015.

Online Recruiting Has Increased and Is More Effective Than Traditional Methods

The modern recruitment process has also moved more heavily into the digital space. Digital tools and increased adoption of hybrid and remote working arrangements have enabled organizations to contact more talent, and sought-after employees now have more options. Among U.S. employees recently recruited, 50% reported that organizations had learned about them through an online professional networking site, such as LinkedIn, up from 39% in 2015.

Organizations can increase interest and application numbers and secure top talent by focusing on the places potential candidates turn to most often when they are actively or passively looking for a new role.

Increasingly, employees who are serious about exploring new opportunities are turning to digital spaces. Employees who report being recently recruited through online professional networking sites (61%) and job sites and search firms (70%), such as Indeed, are significantly more likely to leave their organization than those recruited through other methods.

While traditional channels such as word of mouth (56%) or professional communities (50%) can still reach employees likely to leave their organization, they are comparably less effective compared with digital recruitment methods. Although these connection-based approaches enable more personalization and individualization in a recruiting approach, they are less likely to reach employees who are likely to leave their current organizations.

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Read full article here

Maintaining a stable talent pipeline for recruitment is crucial for any organization’s success.
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