The Futurestep division of global people and organizational advisory firm Korn Ferry unveiled its 2016 predictions for trends it believes will shape the global recruitment and talent management industry. Based on insights from 24 global experts, these trends include:
1. Candidates are in the driver’s seat: By 2025, the ratio of workers to retirees will be 1:1. Plus, there is a clear need for specialized employees, especially in the technology and life sciences fields.
2. Investment hiring to edge out competition: Companies are hiring people with the right traits and motivations who can be trained on-the-job for professions from software coding to customer service.
3. Smart data to source and develop talent: Many companies today are hiring full-time analysts to mine for in-depth talent metrics, including analysis of competitor talent pools.
4. Streamlined HR technologies enabling centralized global recruitment: Organizations are bundling their human capital management, applicant tracking systems, and video interviewing all on one platform, for example.
5. Candidate concierge experience: Job candidates may be sent a link to download an app for their mobile device that offers GPS guidance to the exact location of an interview and a complete rundown of interviewers, for example.
6. Talent from within will be realized as a true asset: Many companies are integrating formal internal mobility programs with dedicated portals for employees to learn about opportunities and share their interests and abilities.
7. Graduate recruiting for today and into the future: Companies see college grads as a strategic asset—they bring new, fresh thinking; are drivers of innovation and change; and can “seed” the culture of the organization.
8. Embracing diversity is proving key to growth: This isn’t just a volume exercise for industries that are plagued by a lack of skilled talent, but also a strategic one. New data constantly support why diversity positively affects business performance, and in 2016, we will continue to see its impact.
