5 Recruitment Trends to Watch Out For This 2021
In 2020, gigantic shifts in recruitment that would have taken years to emerge as modern recruitment trends happened in a span of weeks.
For instance, the preference for virtual recruitment has drastically spiked during the pandemic. 54% of applicants from the Gen Z group will not go through the whole application if they know that the employer’s recruiting methods are outdated. 46% of these candidates have also applied for jobs using only their phones.
Remote work is also here to stay. A research on talent acquisition teams reveals that 84% of them are honing their recruitment processes to suit a teleworking environment.
Today, those changes have a ripple effect in shaping the recruitment trends in 2021. To help you stay afloat and seamlessly adapt to these changes, here are data-driven recruitment trends that are reshaping the face of talent acquisition worldwide.
Trend 1: Flexibility - an asset before, an essential now
With the onset of the Covid-19 pandemic, flexibility has taken centerstage in business survivability with internal mobility increasing by 20% year-on-year. This rings true for recruitment teams who can gain the upper hand in significantly reducing time-to-hire this year and increasing the quality-per-hire by partnering with recruitment process outsourcing (RPO) providers.
Some of the top activities and processes that recruitment teams have successfully outsourced include:
Resource planning – More accurate forecasting of staffing needs with additional recruiters provided by the RPO partner to meet high-volume hiring or project-based hiring demands.
Job marketing – Expanded reach through job boards, social media, networking, and referral programs.
Assessments – Your RPO provider can help you in filtering your candidates better through assessments that verify their core competencies and ensure cultural fit.
Employer branding – Attract and impress your target candidates as your provider aligns your recruitment material and processes with your company values and identity.
Candidate experience – If you’d like to focus better on sourcing and interviewing candidates, you can leave the onboarding and arranging pre-employment requirements to your RPO partner.
Trend 2: Investment in recruiting technology soars higher
The role of technology in your recruitment strategy is now more important than ever.
Lockdowns and limited mobility during the COVID-19 pandemic severely restricted face-to-face interviews with candidates, but some companies were still able to find and hire new talent through digital means. In an international survey, two-thirds of businesses have successfully used virtual recruitment tools and processes to source, interview, and onboarded their new hires.
The use of Applicant Tracking Systems (ATS) from Human Resources Information Systems (HRIS) and communication tools have also been proven to reduce time-to-hire. A case study showed that pre-recorded interviews helped a company screen twice as many candidates in less than half the average time, saving them up to $1,000 per candidate.
Trend 3: Recruiters need to upskill and reskill as job requirements evolve
Typically, small businesses tend to merge their human resources and recruitment functions into one team. Structuring a “lean” HR department will be a common goal among companies who are looking to save more this year.
The drive to adapt to their customer’s changing needs will also cause more businesses to pivot, creating demand for new roles and skillsets that these organisations weren’t looking for previously.
These factors shape the need for recruiters who can do more beyond talent acquisition and management. This all-new hybrid recruiter needs to have the following skills:
Trend 4: Remote working improves talent reach and performance
In 2020, most companies reported that 72% of their total global workforce is currently working remotely, and this number is expected to double in 2021.
These organisations who had to rapidly shift to a home-based working environment initially resisted the idea. But almost one year after the onset of the pandemic, 83% of both companies and their employees see remote work implementation as a success. Their perspectives also shifted in favour of work-from-home setup after directly experiencing its benefits to their talent:
Remote jobs result in over 20% more geographical diversity among applicants
48% of 1,000 companies surveyed reported that productivity in their teams has improved since they transitioned to remote working
Employers observed that their talent’s performance has improved under remote work, attributing it to added flexibility that employees heavily value:
How would you describe how effective your company has been at performing the above activities with employees working remotely?
Additionally, remote work not only retains existing talent but will surely attract new ones. According to Jobstreet.com, the top two keywords used by job seekers during the pandemic are “work from home” and “home based.” Remote work is here to stay and will remain a decisive factor for candidates on whether they’ll pursue a specific role.
Trend 5: Increased hiring will continue for most industries
As many businesses restart their operations or pivot with new products and services in a post-pandemic setting, recruitment will become significantly more active compared to last year. In the looming “war over resources”, having a solid employer brand and ensuring a seamless candidate experience count as your competitive edge.
Stay on Top of 2021 Hiring Trends with Recruitment Process Outsourcing
Whenever outsourcing is brought up as a strategy to help small to medium businesses with their operations, the common misconception is that it’s only about cost advantage. Aside from providing as much as 40% savings on labour costs, recruitment process outsourcing (RPO) can also help you gear up for 2021 recruitment threads with these benefits:
Give flexibility to your existing HR/recruitment team Whether your team needs additional resources for project-based hiring or a third-party expert to completely handle other recruitment activities or processes, an RPO provider can free up your recruiters’ time, lighten their workload for increased focus on their core activities and open more opportunities to develop their skills.
Get access to the latest recruiting technology Instead of having to pay separately for HRIS and ATS, you can get access to the best recruiting tools in the market on top of the talent consultants from the right RPO provider.
Broaden your recruitment expertise RPO helps you address knowledge gaps when screening talent by letting you choose and hire recruiters based on their industry or vertical specialisations.
Facilitate more processes remotely Working with an RPO provider gives you the advantage to overcome time zone and geographical differences since they operate in a remote work-ready environment. Your recruiters can screen, interview, and onboard your talent digitally and within the schedule you prefer.
Create and maintain a fast-growing talent pool Unlike other staffing agencies who will restrict your access to their talent database, RPO providers give you the ownership of your dedicated talent database. They will exclusively create, maintain, and update it for you.
As we have learned from the preceding year’s events, changes could happen in a blink of an eye. Knowing this year’s recruitment trends and predictions will help you a create more informed and relevant recruitment initiative but having a recruitment process outsourcing partner gives you crucial resources and expert insights, fully sealing your strategy as future-proof for 2021 and beyond.