On account of the reality faced by hiring managers in today’s global recruiting environment and the need to develop talent acquisition strategies accordingly, recent findings revealed by Randstad Sourceright draws from its research on the ‘2016 Talent Trends Report.’
It shares insights on what companies can do to improve how they hire top talent and create agile, highly skilled and productive teams.
“New attitudes about work, increasing talent scarcity and changing demographics are just some of the obstacles employers face in finding the talent their organizations need to be effective,” said Tracy Monsour, Vice President of Marketing for Randstad Sourceright.
The report explores these new global workforce challenges and offers insights on how employers can develop effective workforce strategies in this dynamic environment.
From leveraging freelance talent, filling key gaps faster and expanding recruiting searches to new markets in order to overcome reverse brain drain and increased talent scarcity, employers can address the dramatic shifts currently happening and prepare for the changes of the future.
Randstad Sourceright’s Talent Trends Report is based on the feedback of nearly 400 HR, talent and business leaders from across the globe reflecting on the challenges that impact on how they recruit engage and hire talent.
See: Should We Focus to Hire Superstar Employees?
Based on these findings, Randstad Sourceright identified major trends affecting employers’ talent acquisition strategies. These include:
- The Impact of Regulations on Gig Workers: Freelance talent and contractors make up the fastest-growing portion of the global workforce, driving the need for robust platforms to manage how employers connect with gig workers and remain in compliance with rapidly changing regulations around freelance work.
- Talent Scarcity Threatens Business: As competition heats up, more CEOs express concern over gaining access to skills. The report revealed 72 percent of survey respondents said talent scarcity has negatively affected their business, and 53 percent say they need additional talent acquisition resources.
- Rapidly Changing Demographics: With millions of baby boomers set to retire, companies must learn to source talent from around the world to fill key gaps, while capturing and transferring the knowledge of retiring employees as they develop the next-generation of leaders.
- Reverse Brain Drain Accelerates: Countries that experienced years of losing their best talent to the markets of Western Europe and the United States want their expatriates back and are making greater efforts to demonstrate similar, if not better, career opportunities at home, further contributing to talent scarcity.
- Employers Look to Global Mobility for Talent: As talent scarcity grows around the world, employers are looking abroad to find individuals with critical skills more than ever. Findings show that more than half (54 percent) of survey respondents have expanded their geographic area of search to find what they consider the perfect talent.
- Encourage a Start-up Mentality to Target Millennials: Having grown up as digital natives, millennials are noted trendsetters who can bring fresh ideas and drive innovation for the companies that engage them. However, to attract the best and brightest of this generation, employers must create an entrepreneurial culture.
Also read: How Can Business Leaders Promote Soft Skill Development within an Organisation?
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