The average employee turnover rate in the United States was 18% in 2017. This means that nearly one in five workers left their jobs, leaving recruiters to scramble for new employees, often without a moment’s notice. Job dissatisfaction, poor work/life balance, long hours—these are just some of the reasons why employees leave a company. Still, employee turnover is expensive: it costs companies in the U.S. a massive $160 billion a year.
Staffing agencies and recruiters have a tough job. They often have to sift through hundreds of applications and resumes which can be stressful, time consuming, and overwhelming. To make matters worse, a 2018 ManpowerGroup Talent Shortage report reveals that 45% of hiring managers are struggling to fill roles due to talent shortages around the world. However, with the right employee recruitment management software, the recruitment process can be streamlined in a way that saves time and money without sacrificing quality.
As technology advances, virtually every aspect of business changes in some way. You can submit job applications from your phone, or hold a video conference with people from all over the world with just a few clicks. Neither of these functions would’ve been possible just a few decades ago, and that’s just a small aspect of how technology has changed the business landscape.
People are more wrapped up in their smartphones these days than ever before. According to one study, Americans now check their phones 80 times per day, or once every 12 minutes on average. In May 2015, Google confirmed for the first time that it was receiving more search queries on mobile than on desktop computers.
Social media is one of the best places to find top talent in your industry today. More recruiters now use social media to find high-quality job seekers, and more companies are choosing platforms like Twitter and Facebook over conventional job sites. Regardless of your niche, recruitment marketing is a great way to engage and nurture candidates before and after they apply for a job. Here’s how to use this technology properly in order to boost your employer branding strategy.
Whether you are actively participating or you are giving the Wild Wild Web free rein, the importance of employer branding in recruitment cannot be overstated. Your company has an employer brand—and it’s dictating the quality and quantity of candidates you’re attracting.
Retail companies are laying off workers at a rapid rate. In 2018, companies let go of 98,563 employees in the retail sector— the highest number of people since 2009.
Surviving the challenging recruitment climate requires organizations to take a new approach to sourcing talent. 48 percentof global employers report talent shortages as their biggest challenge. The solution is in creating a better candidate experience and exploring new avenues for talent, which are both enabled by the right technologies. 86 percent of recruiters say the right technologies for applicant tracking have helped them fill vacancies faster.
Finding the best talent in your field can be a daunting task, and the market doesn’t always readily supply job seekers skilled in the areas you need. That’s why social media recruitment has been steadily growing in importance . That’s right – Facebook, Twitter, LinkedIn, Instagram, and other social media platforms can be very effective tools for recruiting and sourcing talent.
As a part of the company-wide hiring push fueled by the recent $30 million growth equity round led by PeakEquity Partners, CareerArc has appointed two top executives to drive the company’s growth and expansion in the multi-billion dollar HR software market. Additions to its leadership team include former vice president of inside sales at ZipRecruiter, Jason Blais, as executive vice president of sales, and tech startup veteran Linda Souza as senior vice president of marketing. In addition, CareerArc’s chief marketing officer, Yair Riemer, has been appointed to a new role as president of the career transition services business.