4 Talent Acquisition Challenges and Opportunities in 2021

November 24, 20203:10 pm1020 views
4 Talent Acquisition Challenges and Opportunities in 2021
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While waiting for the Coronavirus vaccine to be ready, leaders and organisations are embracing the New Normal. Some workers have returned to the workplace with strict health protocols; hospitality and travel industries have also reopened; while leaders are observing how these measures will stay for the future of work post-COVID. 

Above all, it is projected that more than 50 percent of organisations expect hiring to become fully active after January 2021. As the demand for talent gains back momentum, the trend is bound to put pressure on talent acquisition teams and staffing agencies. It is vital to understand the key trends, challenges and opportunities that will shape the hiring processes in 2021. Plan ahead and continue to advance are the two-must strategy to maximise hiring output. 

Here are some top recruitment trends next year that talent acquisition teams should know: 

1- Data-driven recruitment by AI 

According to the 2020 AI Talent Report, companies are expecting to scale their product and commercialisation teams. With AI technology predicted to add $15.7T to the global economy by 2030, this year is another pivotal year for AI research, development and commercialisation. 

Within hiring industries, AI will help the traditional hiring process to be more upgraded through complete automation of employee verification and onboarding practices. AI-powered chatbots will become commonplace as companies start using them for the first phases of applicant screening, then scheduling candidates for in-person interviews. Additionally, by maximising previous and current AI metrics of the hiring process, organisations can predict upcoming trends that they can utilize to improve HR and recruitment operations. 

See also: How Chatbot Helps HR Build & Maintain Talent Pipeline

2- Change in working patterns 

Job location has become less important for both job seekers and employers. Since the rise of teleworking, many organisations have clocked better output and efficiency and many employees are enjoying the flexibility of time and not having to travel daily to work.

Work from home supported by robust communication technology and clear actionability can lift physical barriers between good employers and a quality workforce. Many expansion programs that were shelved due to the non-availability of the desired talent are now possible because we just realized it can all be digitized. Organisations that are quick in adopting advanced HR-tech will see better performance in their hiring processes. 

3- Digital experience as candidate experience  

2021 will experience a rise in the adoption of technology for paperless and contactless onboarding, including employee authentication. This will help organisations mitigate the risk of hiring employees with dubious backgrounds, provide genuine employees with a great onboarding experience and employers will enjoy a quick turnaround time and time to offer while hiring new employees. 

4- Freelance and project-based hiring  

Since work from home is the new normal, it is predicted that companies will move towards project-based or freelance hiring. Doing this, employers can also have more free time to hire the best of talent across the globe. Likewise, this will also provide opportunities to domain experts in taking up projects on a short-term basis. 

See also: Job Seekers’ Biggest Pain Points during Hiring Process amidst Crisis with Chelsie Hastings, Head of HR, PageUp