by Raghu Nandhan | Oct 11, 2021 | Art of Recruiting, Industry Trends, Virtual recruiter
Nothing could have prepared your staffing firm for 2020, but happily, that isn’t the case as we head into the second half of 2022. Bullhorn polled hundreds of staffing professionals before the start of 2020 and again during the COVID-19 crisis to learn about the industry’s outlooks, objectives, problems, and staffing patterns. Are your goals and difficulties in line with those of your colleagues? Are there any areas where you can set yourself apart from the competition or where you need to improve?
Here are some personnel trends to consider for 2022 as you make decisions regarding your company’s future:
Professionals in the field of staffing and recruiting are hopeful about the future.
Staffing firms had a difficult year in 2020, with layoffs and business closures, but respondents are generally hopeful about 2022. In the Survey, the majority of respondents predicted that the economy and business performance will improve in the second half of 2020.
While the staffing industry as a whole has struggled throughout the pandemic, a full 30% of respondents stated company performance has increased or remained the same since the onset of the COVID-19 crisis compared to Q2 of 2019.
Even when you take into account that many businesses have weathered the storm, there is no correlation between current business performance and future forecasts. For example, respondents at staffing firms that saw their performance improve and those that suffered a decline of more than 30% agreed on when the economy would revive – slightly more than half predicted it will happen in the last six months of 2020.
The bottom line is that employment firms are expecting big things in 2022, so don’t expect competition to ease up anytime soon. Invest intelligently to provide the finest possible experience to applicants and clients; your competitors will undoubtedly do likewise.
Clients are the most important thing to us.
The employment market has always been about relationships, but this year the emphasis has switched on which partnerships firms value. Candidate acquisition was a top priority in 2020, as it was in 2019 and 2018. This was mostly (but not entirely) due to talent scarcity, which is the ultimate difficulty for staffing agencies.
However, since the unemployment rate bounced from record lows to record highs throughout COVID-19, a talent shortage is no longer the issue it was at the start of the year. Instead, as businesses battle to acquire new clients and retain existing clients in a changing market, client relationships (the number-two goal coming into 2020) are now firmly the top priority for organizations.
That isn’t to argue that candidates aren’t important. Since the COVID-19 crisis, firms’ second-most essential priority has remained enhancing candidate engagement and experience, ahead of other important priorities such as managing cash flow. Finally, in this environment and any other, focusing on connections is still a winning business strategy.
DEI is a business requirement.
The staffing business, like the rest of the workforce, has always experienced issues relating to DEI (Diversity, Equity, and Inclusion), and 2022 will be no different. According to one Data survey, only 28% of companies have a person of color in any leadership position (and of those, only 5 percent are women of color). Furthermore, although accounting for nearly double the number of workforce practitioners, only 16 percent of all leaders in the business are persons of color (30 percent).
In 2020 and 2021, one thing that has changed is the global attention on inequality and inequity. As a result, staffing and recruiting firms are taking steps to address the industry’s DEI concerns. One thing to remember is that adopting DEI into the workplace is not only the correct thing to do; it is also good for business. Two-thirds of staffing experts believe that diverse companies are more effective than their homologs.
Work from home is here to stay.
Many agencies functioned remotely before COVID-19, but it wasn’t common practice in the industry. The epidemic, of course, requires distant recruiting and the use of remote technology: since the onset of the COVID-19 crisis, 91% of staffing professionals have adopted (or increased their use of) video interviewing or video conferencing solutions.
However, don’t expect remote employment or technology to disappear once the epidemic is no longer a requirement. Most staffing professionals, on the other hand, believe that the surge in remote jobs and remote recruiting will be permanent after COVID-19. Most of the positions we used to recruit for were office-based, but that is no longer the case. Even those in charge of large teams work from home.
COVID-19 could hasten the introduction of automation and artificial intelligence, particularly in work environments where people are in close contact.
Businesses have traditionally regulated costs and reduced uncertainty during recessions by embracing automation and revamping work processes, both of which diminish the share of positions comprising primarily regular tasks. By June 2020, China’s robots production had surpassed pre-pandemic levels.
To minimize workplace density and cope with surges in demand, many organizations implemented automation and AI in warehouses, grocery shops, call centers, and manufacturing plants. The association between high scores on physical proximity and automation use cases is a common feature of these automation use cases, and our research suggests that work environments with high levels of human engagement are likely to see the fastest adoption of automation and AI.
The mix of jobs may vary, with low-wage occupations seeing limited growth.
COVID-19-accelerated trends may result in more changes in the mix of jobs within economies than we anticipated before the pandemic.
We discovered that following the pandemic, a significantly different mix of jobs may develop in each of the eight economies. We predict the pandemic to have the most negative impact on workers in foodservice and customer sales and service roles, as well as less-skilled office support roles, compared to our pre-COVID-19 estimates. Although the expansion of e-commerce and the delivery economy may result in more jobs in warehousing and transportation, these gains are unlikely to compensate for the loss of many low-wage positions.
For example, in the United States, customer service and food service occupations may decline by 4.3 million, but transportation jobs may increase by over 800,000. Healthcare and STEM vocations may see higher demand than before the pandemic, reflecting increased concern to health as populations age and incomes rise, as well as growing demand for professionals who can invent, implement, and maintain new technology.
Productivity vs. Remote Work
10,000 employees polled by the University of Chicago’s Becker Friedman Institute for Economics stated they were equally as productive working from home as they were in the office.
In fact, 30 percent of those polled said that working from home made them more productive and engaged.
From the middle of March to the middle of September 2020, the same survey team determined that commute time was decreased by 62.4 million hours per day, resulting in a total time savings of over 9 billion hours.
Conclusion
Before the pandemic, net employment losses were concentrated in middle-wage manufacturing and some office work, owing to automation, while low- and high-wage jobs grew. Almost all low-wage people who lost their jobs could shift into other low-wage jobs, such as retail or home healthcare. We now expect that practically all growth in labor demand will occur in high-wage jobs due to the pandemic’s impact on low-wage jobs. To avoid job loss, Low-wage workers are expected to transition to higher-wage jobs that can only be acquired with different skills.
Pragna solutions has been an active recruiter before and amidst different stages of the pandemic. There has been subsequent increase of remote job post since 2019. In fact, most companies are promising permanent remote jobs. Therefore, it won’t be wrong to infer that remote job is the irreversible reality that will exist even after the pandemic ceases. Similarly, remote recruiting has adapted to the transformation. Pragna solution provides AI enabled recruitment solution so that our clients can harness the power of job board even if it is for remote jobs.
by Raghu Nandhan | Oct 6, 2021 | Blog, Company, Industry Trends
Lead generation is a method of obtaining a targeted audience for a business’s merchandise or services. The business ought to then be characteristic these leads that are generated then the sales team are taking them through the business’s sales structure to show them into procurement at the tip. And to confirm that leads don’t seem to be been wasted that why the sales team ought to foster every lead.
Value of Lead Generation
Lead generation will be pricey however it’s cost-effective too. Although, it generates qualified leads that are strictly inquisitive about your business’s services or merchandise.
By having the next quality of lead generation (through PPC , SMO, SMM, etc), It’s possible to seek out potential customers UN agencies need to buy. while not these sensible leads, the business won’t be creating sales or obtaining new valuable customers. It ensures that contacting the correct those that are strictly inquisitive about the merchandise. Lead generation is cost-efficient. It provides an answer to a business that’s troubled to form sales. Email selling is that the most cost-efficient means of generating leads; it’s thought of as the best come On Investment (ROI).
Importance of Lead Generation
Lead generation is extremely vital to most the business. a business won’t create any sales and not even expand more, It ought to have an honest lead generation strategy. If ready to} browse the customers’ minds we’ll be able to target the correct form of customers and sell to them the merchandise or services effectively.
Businesses nowadays are absolutely keen on Lead Generation because it generates an honest quantity of traffic to the websites wherever the t leads n be regenerate into potential customers. Google has created the method of connecting individuals to businesses easier, thence individuals currently grasp the distinction between totally different merchandise and. It shows the correct customer’s UN agency ar perpetually checking out the merchandise and services through totally different search engines. And by taking the lead redirecting to the web site and thence will increase the possibility of commercialism the merchandise or services from the business
It keeps the website engaged by grabbing the eye of the correct client UN agency is searching for one thing specific. It ensures that the business appearance totally different from the competition and will increase the probabilities of product conversion. the correct client is a lot of possibilities to allow contact details to an enticing website instead of a less engaging website. It may enable building relationships at intervals the departments like sales and selling to allow productive results. in order that these departments work along to urge an efficient lead generation strategy. this can result in qualified leads. This will, in turn, end in a lot of customers and sensible sales
Why Lead Generation vital
Lead production is that the winning purpose for each vendee and trafficker of each party. Shoppers will provoke data from many businesses that supply the merchandise or service they require, and also the trafficker is given the chance to form his or her pitch to those who have given their consent. These are a number of the most popular tracks. Conversion rates obtained during this means sometimes have a way higher success rate than non-functional contacts.
Lead generation helps businesses to see the subsequent factors:
- Determine the costs of a one-lead generation
- Choose the merchandise or service that to get lead
- Select the region within which the business is interested
- More effective lead engagement by targeting demographic space
- Lead generation for one month should be checked
- Pay for the leads that has been generated
Methods of Lead generation
Some agencies target providing relevant leads for businesses. The method of making a lead generation is truly terribly easy – however, just like the simplest things, it’s arduous to try to do well.
First, the workplace develops an internet site or partnered with websites wherever they develop and market your product or service. The customer finds these references or data sites and hopefully completes the web quote request type. Shopper details are verified and matched to relevant suppliers. These concomitant pointers, with full contact details and procure necessities, are emailed to international inspectors and other UN agency is also within the sales method.
Conclusion
Lead generation is extremely vital for the business. It creates sales and will increase potential customers.
- website engagement can increase the probabilities of a lead changing into prospects.
- We ought to make sure that the standard of lead generated ought to be effective in order that it’ll scale back the time and cash pay on that
- Use totally different modes of Organic and Inorganic means of generating ends up in the advantage and rank higher within the program in order that it’ll reach the correct customers at the correct time
Lead generation firms give your company the new leads you’d prefer to amass new purchasers, whereas emotional up it slow to pay on various tasks, like development or quality assurance. Conversely, you will double down on new leads, percussion up business in bike with leads provided by generation firms.
Lead generation is not a replacement form of obtaining a business, but business trends and time necessities have found the next because of obtaining new purchasers. rather than sitting at a display table for hours on end, or fitting a show in hopes that targeted shoppers will complete a sort, you will be able to have leads generated and sent to you victimization available technology, all whereas you will be able to direct it slow elsewhere.
Finding leads is long. Lead generation frees up substantial time, all whereas recollective identical gain opportunities.
by Raghu Nandhan | Oct 4, 2021 | Art of Recruiting, Recruitment Technology
With the world becoming increasingly dependent on online connections, it’s more crucial than ever to use an omnichannel method to stay on top of your game in any industry. But what exactly does ‘omnichannel’ imply? People are engaging with brands across many platforms and devices as the ‘internet of things (IoT) develops in popularity. We all use phones, tablets, laptops, smart TVs, and even wearable technology regularly.
All of these methods of engagement are included in something that is ‘omnichannel.’ An omnichannel strategy understands that they are all linked and can overlap, rather than treating them as separate entities. An omnichannel recruitment process allows applicants to engage across numerous devices and platforms while maintaining a consistent experience.
Recognize your objectives.
You must first comprehend your objectives to put this method into action. Why do you wish to put it in place? What will you gain from it? Is the time you put in worth the results you’ll get?
This is something to think about if you want to stay on top of recruitment trends. Other compelling reasons to employ this procedure include a desire to improve applicant satisfaction and broaden your reach. It will not, however, correct any errors that have already occurred. So, before expanding in this fashion, make sure you’re confident in your recruitment strategies.
According to a survey, 73% of millennials found their last jobs through social media while another survey shows that 48% of top quality hires came through employee referral. Therefore, if you want to nail the top tier talents, there is no way that you can rely on just one channel of recruitment. This is where the omnichannel recruitment help you to achieve your recruitment goals.
Increasing people’s ability to apply is one of the most important things an omnichannel procedure can help with. As you can see, many people are having problems with their smartphones and job applications. You’ll be able to snag more of the best prospects if you integrate their smartphones into the process.
Establish a framework on omnichannel recruitment.
It’s time to make a plan once you’ve decided what you want from an omnichannel strategy. With video conferencing, it’s simple to sit down with your team and sketch out where you want to go. Even if you can’t be physically present with each other.
Rather than attempting to tackle everything at once, concentrate on analyzing data to determine the optimal approach. Customer surveys, as well as current research and publications, can be excellent sources of information. You may use these to identify what platforms people most frequently engage with you on, what job listing strategies are effective – and, more crucially, what isn’t.
Choose which channels to concentrate your efforts on and which to avoid. The term “omnichannel” does not imply that you should use every channel available to you; rather, it refers to the integration of the ones you already use. It’s pointless to include Pinterest in your strategy if your applicant pool doesn’t use it.
However, meet them where they are, even if it’s on a channel you’re not currently watching. If people are tweeting about you and asking about job openings, but you don’t have a Twitter account, now is the time to create one.
You can also make enhancements to your current platforms. Installing a chatbot or re-optimizing your mobile site are two options. Drawing out the candidate’s path and following their progress is one excellent way. Keep track of how prospects contact you and how many touchpoints there are during the hiring process. This way, you’ll be able to make their experience as pleasant as possible. It’s like tracing a customer’s trip, as demonstrated below:
Don’t be afraid to go all-in.
You must fully commit to the implementation of an omnichannel recruitment process. Anything less will be clear to the candidates and will not be accepted. Any advantages you earned will go if you miss a popular channel or there is a less-than-smooth transition between platforms. According to statistics, 60% of job seekers quit in the middle of filling out online job applications because of their length or complexity. Therefore, one must not just concentrate on the numbers of channel but also the candidate experience of each channel to enjoy the advantages of omnichannel recruitment.
The desire to work remotely has grown as a result of the current scenario. As a result, now is the best moment to make substantial adjustments to help you get ahead. Because more people are going to use online ways of applications, it’s critical to reinforce your process across numerous devices and platforms. It also cuts down on the number of processes you need to link because you won’t be connecting to in-person channels or tasks for a time!
If you’re in e-commerce, you’ll need effective inventory management to properly deploy an omnichannel approach. You might think you don’t need this in recruitment, but you might be surprised! You’ll need a good way to keep track of your staffing needs if they fluctuate with customer demand and orders. That’s why it’s critical to completely commit to the omnichannel process; else, linked business procedures like this could slide between the cracks!
Continue to develop.
You can’t rest on your laurels once you’ve developed an omnichannel approach. You must continue to develop. The internet moves quickly, and you must be equally quick to adapt to keep on top of it! The simplest method to achieve this is to examine and update the data you have available frequently.
Micro funnels are an option worth investigating. They’re frequently used in digital marketing to track conversions. They’re also a great approach to focus on issues that can cause people to drop out during the recruitment process.
If you have an application form and discover that many individuals abandon it halfway through, a micro funnel can assist you to pinpoint the part of the form that is causing the issue. This makes troubleshooting a lot easier. Instead of deleting the entire form, just fix the specific input!
Take the lead with omnichannel hiring.
The modern world is constantly changing and evolving. The necessity of hiring elite personnel, on the other hand, does not change. Implementing an omnichannel recruitment process ensures that you can achieve just that. If you think forward and keep evolving, you’ll be able to protect those top candidates from falling into the hands of your competitors.
With the internet serving as one of the most significant tools for job seekers, now is the moment to make use of it and make sure you’re easy to locate – and, more importantly, easy to use.
The future of omnichannel recruitment
Investing in omnichannel recruitment establishes you as a market leader while also boosting the likelihood that top individuals will find and accept employment with your organization.
However, those aren’t the only advantages. By meeting job searchers where they are, you may save money on underperforming channels while also presenting your company’s benefits and obtaining access to a larger pool of candidates.
It’s not easy to launch an omnichannel recruitment strategy, but the rewards and other advantages make it well worth your long-term investment.
Improve your omnichannel recruitment with data.
By conceiving each of these cadence phases as a separate part of a bigger sequence, you’ll be able to avoid the biggest risk of multichannel recruitment: inconsistent brand message.
You can, for example, use data to:
- Select the appropriate medium for distributing specific elements of your recruitment messaging or brand positioning.
- Check to see whether you’re sending duplicate messages to applicants or pushing them to repeat requests they’ve already made.
- Separate highly engaged prospects from those who are just starting their job hunt (or aren’t looking at all) so you can decide where to focus your time and resources.
- Determine which channels are producing the best candidates for you in terms of acquiring talented personnel, as opposed to those that aren’t.
- Determine an acceptable messaging cadence to keep active relationships with top talent while avoiding bothering them.
- You’ll be able to convey more sales messages about the benefits of working for your firm than you could on a single channel.
Conclusion
What works for customers also works for candidates: if you’re in the recruitment business, you need to be where your candidates are. There are dozens of ecosystems where your candidates “live” nowadays, and it’s up to you to open routes to each of them. Employers can now differentiate themselves by obtaining a single consolidated view of their candidate’s experience across multiple channels. We’d be pleased to demonstrate one piece of software that can do just that.
Pragna Solutions uses Omni recruitment approach to source and recruit quality candidates to drive business growth. With our AI enabled recruitment solution, every business receives hassle-free staffing solution along with strategic assistance. Our omnichannel recruitment approach not only proves ab end-to-end recruitment solution but also enables your organization enhance candidate experience thereby attracting the top tier talents in the market.
