2023 is the year to be proactive and enhance your talent acquisition and retention efforts as an HR or recruitment professional. To make this happen, there are several things you can focus on to make sure your company stands out.
Focus on Employee Well-being
It’s no secret that employee well-being can significantly impact talent retention rates and morale in the workplace. In today’s employee-driven market, companies need to focus on staff well-being and offer more flexibility for a better work-life balance if they want to attract and retain top talent.
A recent survey highlighted that 31% of conversations with their managers are basic or bad, with little or no focus on wellbeing or development. With job dissatisfaction soaring (49% of workers report feeling burned out, according to a Joblist Q3 2022 study) investing in employee well-being in 2023 will be critical to retaining talent you have fought so hard to attract.
Investing in employee well-being can help companies stand out in a competitive recruitment landscape. HR teams need to find ways to enhance communication among employees, promote mental health awareness, and encourage healthy work-life balance. This can include offering flexible working arrangements, providing resources for stress management, and implementing mental health days.
Next, build a team of “A-players”
A-players are employees who consistently meet performance standards and align with the company’s core values. They can produce two to three times the output of their peers and have a positive impact on the company’s culture and overall success. However, it’s crucial to understand that many organizations label the wrong people as A-players.
To build a team of A-players, companies need to focus on hiring top talent and investing in their development within the organization. This will create a culture of high performance and a desire to do more that filters down throughout the company.
Embrace AI Technology
Artificial Intelligence (AI) is a valuable tool for recruiters in 2023. It can automate many of the repetitive tasks that take up a considerable amount of time, freeing up recruiters and HR professionals to focus on more strategic projects.
AI is revolutionising the recruitment process, allowing recruiters to leverage the power of automation to streamline processes and make their lives easier. AI-driven solutions can help recruiters find the best candidates for a role quickly and accurately, saving time and resources.
AI can also be used to make the application process easier for job seekers, improving the overall experience and increasing recruitment efficiency. AI can even be used for onboarding and training new employees, as well as for managing employee data and performance. AI-driven solutions offer recruiters the ability to make better hiring decisions, reduce costs, and give them more time to focus on strategic projects that will help grow the business.
Embrace Workers from the Great Resignation
A recent report in the USA found that one in five professionals who quit during the Great Resignation now regret doing so, indicating a likely influx of workers seeking employment in 2023. This could result in talent teams having more qualified job seekers to choose from and could provide a solution for industries facing labour shortages.
However, just because there are more active candidates doesn’t necessarily mean that it will be easy for recruiters to find those applicants. One of the key benefits of using a modern RPO model for your hiring needs, such as Troi is the years of expertise the recruiters have built up with regard to talent pooling. Troi has built up an extensive global database of talented candidates over the years, which is free for companies to tap into and use as part of the embedded recruitment offering.
Recruiters need to remember that language is critical when attracting these candidates. Job listings, social media posts, and career pages on company websites need to be humanized and showcase the company culture to attract the right candidates. A more empathetic approach can drive connection and loyalty from hires.
Finally, make sure your company has a strong reputation for talent acquisition. Focus on employer branding to attract candidates who share your values and are excited about their professional growth.
Enhance Diversity and Inclusion initiatives
By creating a diverse and inclusive workplace, companies can tap into the unique perspectives and experiences of their employees, foster a positive work culture, and attract top talent.
Diversity, Equity, and Inclusion (DEI) initiatives are a crucial aspect of a company’s talent acquisition and retention efforts. These initiatives go beyond simply hiring a diverse workforce, and instead aim to create an inclusive environment where everyone feels valued and respected. This includes creating a workplace where all employees feel comfortable sharing their opinions, providing equal opportunities for career growth, and promoting a culture of respect and understanding.
For DEI initiatives to be effective, companies must take a comprehensive approach that involves hiring a dedicated DEI practitioner. This professional will be responsible for developing and implementing DEI initiatives that are aligned with the company’s goals and values. They will work with HR and recruitment teams to ensure that hiring practices are inclusive, and that unconscious bias is addressed.
Another important aspect of successful DEI initiatives is providing unconscious bias training for hiring teams. This training can help hiring managers identify and overcome their unconscious biases, ensuring that the recruitment process is fair and equitable. It is also important to have diverse interview panels to bring a range of perspectives to the hiring process, and to prioritize initiatives that address gender imbalances and encourage underrepresented candidates to apply.
Build a solid reputation for employer branding
Employer branding can play a critical role in attracting the best possible candidates for open positions. It creates a perception of the company as a desirable employer, and helps to establish the company’s values and work culture, both of which can be attractive to potential candidates. Companies with a solid reputation are more likely to attract talented and qualified individuals who are looking for a place to grow their careers, rather than just accepting any job they can find.
In today’s competitive job market, it’s more important than ever for companies to have a strong employer brand. With the high cost of recruitment and the growing expectations of candidates, companies need to have a strong foundation to stand out from the competition. A positive reputation can make all the difference when it comes to attracting the best talent. This is why companies need to invest in employer branding and showcase their unique culture, employee stories, and company values. Companies that invest in their reputation as a great place to work will have an easier time finding and hiring the right people.
Employer branding is not just an advantage, but a necessity for companies looking to attract the best talent. It can be the difference between attracting candidates who are just looking for a job, and those who are looking for a career and a place to grow professionally. By prioritizing employer branding, companies can set themselves apart from their competitors and make the hiring process more efficient, effective, and successful.
The world of recruitment is heading into a new era of technological advancement and diversity. Recruiters have an incredible opportunity to use this time to bolster their recruitment processes, widen their talent pools and create better-performing teams.
The advancement of technology is allowing recruiters to streamline their workflows by automating certain processes, like job postings and candidate sourcing. This allows recruiters to spend less time on administrative tasks and more time on their strategic recruitment planning and engaging with candidates.
How can Troi support recruiters?
Simply by becoming your dedicated talent partner by providing quality embedded recruitment, on a subscription-based model that’s flexible to suit your needs. A modern take on the traditional RPO model.
Providing additional support to existing HR teams that are under increasing pressure to, well do all of the above plus hire incredible global talent at scale! Get in touch with us if you want to find out more about the flexible hiring packages we have – a complete end-to-end hiring process via a monthly embedded recruitment model.