2018 has been a great year for recruitment. From workplace diversity to the gender pay gap, we’ve seen some great strides taken from a social perspective. Not only that but with AI continuing in its role of prominence, it has been a great year for productivity in the industry. So now comes the question; can 2019 get any better? After taking our annual look into the office crystal ball (yes, we actually have one) here are some of our predictions for recruitment in 2019.
Yes, it’s that time of year again – time for panic shopping, last-minute deals, and sitting down with the family to overeat for a couple of days. But as 2018 draws to a close, we’ve got more than festive thoughts and dreams of Santa on our minds. That’s right, as you may have guessed from the title, we’re sipping hot cocoa here in the office and reminiscing over the things we learned in the year that was 2018 and here’s what we came up with.
Did you know that one of the most powerful recruitment tools at a hiring manager’s disposal is often the one that is largely ignored? That’s right, the employee referral program that is gathering dust in your bottom drawer is one of your best bets for reducing both your time to hire and cost per hire. But what about candidate quality? Do new hires recommended by current employees really work out better in the long run?
As a recruiter, you know that when it comes to hiring you need to take a proactive approach. You build a candidate pipeline full of talented people knowing that when roles become available, you’ve got a ready-made pool of candidates to draw from. Pretty simple, right? But what happens when your company goes through an unexpected period of growth? Do you think your two-person recruitment team can handle hiring 50 new employees over the next month?
Cost per hire; the three little words that sometimes feel like the bane of a recruiter’s life. As if finding the best possible candidates for a position wasn’t hard enough already, now you have to stick to a budget when doing so! All joking aside, your cost per hire is actually more than a method for keeping track of the money spent to fill a role. Figure it out correctly, and it could not only save the company money (obviously), but it could even help you improve the quality of your hires.