Global Recruiting Trends to Watch in 2016
LinkedIn have released the fifth iteration of their Global Recruiting Trends report, which surveyed over 4000 talent acquisition professionals from over 40 countries in the hopes of understanding their key challenges, top priorities and the opportunities they see on the horizon for 2016.
The four most popular topics - measuring quality of hire, sourcing quality of hire, employer branding and employee retention - all hinge on relationship building skills.
- 39% of talent acquisition teams surveyed consider quality of hire to be the most important metric. 28% value a good time-to-hire measurement and 21% think that the satisfaction of their hiring manager is of paramount importance.
- 32% value the retention of existing employees, 26% are concerned with improving the quality of their hires and 26% consider employee-referral programs to be a long-lasting trend.
- While social professional networks remain the top source for quality hires (43%), and job boards came a close second (42%), employee referral programs are coming to the fore as a strong contender (32%), perhaps because referred employees tend to have a longer tenure and higher job performance
- 59% of companies plan to invest more in their employer brand development than last year.
- Different countries value different metrics: Italy, Mexico, Germany, SE Asia, India, Benelux and Spain and MENA utilise 'new hire performance evaluations' to assess the quality of their hires; Brazil, Canada, China, AU/NZ, South Africa, the UK and the US all value low rates of turnover and high rates of retention, while the Nordic nations and France consider the satisfaction of the relevant hiring manager to be of paramount importance.
- Although 'time-to-fill' has become slightly more important this year due to the current urgency to fill roles, 'quality-of-hire' remains the most important KPI for recruitment. 50% measure quality of hire through new hire performance evaluations, 49%through turnover or retention statistics, and 43% refer to the satisfaction of the hiring manager to measure success.
- Employee retention has emerged as an important factor among talent acquisition leaders, with 32% deeming it a recruitment priority. However, this is somewhat undermined by the lower level of importance attributed to internal hiring and transfers (12%), which help address employee retention. In fact, only 47% claim to be hiring internally ‘to some extent’: 22% are ‘not much’ or even ‘not at all’, and a mere 29% answered that they were ‘very much so’ recruiting internal candidates. 1% weren’t even sure.
- Asked what they considered the three most essential trends in recruiting for professional roles, 39% chose ‘utilising social and professional networks’, 38% picked employer branding, 28% cited ‘find better ways to source passive candidates’, and 26% prefer employee referral programs.
You can read the whole report here.
What are your plans for recruitment next year? Will you be making any changes to your processes?