As 2018 dawns on us, we thought it was a great time to look at what trends are poised to dominate the recruitment space in the coming 12 months.
With advancements in technology reshaping every aspect of our lives, the recruitment industry will be equally affected, as new technological developments generate new opportunities for recruitment businesses to capitalise on. From the Cloud making remote working viable, to algorithms taking the hassle away from sourcing the right hires, we take a look at what 2018 could look like for the recruitment sector.
A.I. algorithms to take off
As many recruiters will already be aware, A.I. is set to be big in 2018. Recruiters will be able to start incorporating the use of A.I programmes in their work or potentially risk being left behind. Whilst this may sound slightly daunting, it’s actually thought that using algorithms, powered by A.I, will significantly reduce the time it takes to find quality hires and ultimately increase productivity.
New approaches, used by the likes of Unilever, ditch CV’s for games, interactive questionnaires and videos to identify out the best candidate. All these steps are used before candidates ever meet the employer or recruiter, and at each stage, these systems use an algorithm to decide if they are a good fit to move on to the next phase.
The shift in approach should make it possible for recruiters to spend less time weeding out the candidates that don’t fit and more time focusing on the candidates that do. If these systems become the norm, recruiters could be looking at incredible increases in productivity. As a result, we expect more companies to embrace algorithms for at least the initial applicant sorting process in 2018.
New competition for recruitment market
Big companies are making a play for the recruitment advertising space, with Facebook and Google most notably stepping into the arena. Facebook recently added a jobs tab and Google launched their own recruitment search engine.
What’s unique about Google is that as it is currently market leader in search, they can use the real estate around users' search results to showcase targeted jobs.
In turn, Facebook already has working algorithms that identify a users interests and show them potential jobs that fit them, leading to far more accurately targeted ads for recruiters. Whichever platform you look at, they both look set to open up some exciting new channels for recruitment in 2018!
Optional remote working
Remote working has become a hot trend in 2017, that’s set to grow even stronger in 2018. After all, in a 2015 survey from FlexJobs, 85% of millennials said they would prefer the option of telecommuting full-time, and 54% would rather a flexible schedule, so we think that this is an option more and more companies will roll out as the technology connects the office and home ever closer.
So far, there has been a clear trend amongst startups hiring remote workers, in an effort to reduce costs. Although some argue you lose the camaraderie born out of working physically together, you can gain a team member who can free themselves from the distractions in an office and significantly improve their work-life balance making them an altogether happier and more fulfilled employee.
For the right individual, remote working can be very effective and many more established companies are waking up to its potential and using this perk to retain talented staff and boost their overall satisfaction in their role.
It is well known that the individuals joining the workforce today are likely to be working for around 60 years and it’s unlikely that they will stick to just one position for that time. This means that continuous learning is required to enable employees to grow and move into new positions. For companies seeking to retain their top talent, offering these opportunities to their workforce will become more commonplace in 2018.
HR managers are coming to recognise the need to up-skill and train their fellow employees, so that they are capable of moving into differing, distinct and fulfilling roles within a company. This has never more pertinent than now, with all the advances in technology threatening to takeover many jobs that have been traditionally done by workers.
Gone are the days where people wholly rely on their original training or university education to get them through their profession. Continuous development and re-skilling is the future.