“Hiring the right people takes time, the right questions, and a healthy dose of curiosity.” – Richard Branson, Founder of the Virgin Group
Talent acquisition in 2024 has proven to be a whole different kettle of fish from preceding years. If workers in the past complained about burnout, now it is the turn of recruiters – they are under immense pressure to fill open job positions fast, given the power candidates now hold over the market.
Several key areas and critical tasks fall into their hands. From fixing job descriptions such that they convey the right meaning, to being clear on what a qualified candidate is, and knowing where and how to find the right talent, there is much on their plate. They require a concrete action plan if they are to achieve the right results.
The turnover is higher than ever before, and candidate expectations have changed a lot. The pandemic has played no small part – recruitment priorities now are bringing in more technology, and candidates are juggling health concerns with new work models including remote versus onsite work. Recruiting efficiently in the current era presents challenges due to tighter budgets and streamlined interview processes. Moreover, achieving organizational goals hinges on having the right talent— making it the biggest challenge at the current time.
Sourcing qualified talent remains critical, with many hires leaving for more competitive job offers. And it is not just the candidate's experience that must be good – even recruiter stress must be managed and reduced. Not only that, but Generative AI for talent acquisition is also gaining recognition amidst a hiring slowdown.
There is much to do amid these challenging times. Harmony between recruiters and AI will smoothen the process of finding talent, and along with great referral schemes, these could bring in the best people. Companies need to think beyond immediate hiring, tapping colleges and universities to understand who great future hires could be. And it is more than time to look beyond location, as the best people could be located anywhere!
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