Recruiting and retaining employees goes virtual

Best of the week: Recruiting ramps up

March 26, 2021 10:26 AM

Organizations are ready to do some spring cleaning when it comes to their recruiting practices.

Employees are eager to find meaning in their work and are willing to switch jobs to find it. For organizations looking to hire, this is an opportunity to efficiently recruit using virtual tools. HireVue found that almost a quarter of employers plan to solely use virtual interviewing going forward.

To make the process as seamless as possible, hiring platform GoodJob utilizes artificial intelligence, relying on algorithms that copy the traits of other top performers to help predict whether a candidate will be successful.

For companies hoping to keep the staff they have, this time has been a reckoning of how to keep employees happy and engaged. Offering educational opportunities and tuition reimbursement encourages employees to seek more training and establishes loyalty, says Patrick Donovan, senior vice president at Bright Horizons EdAssist Solutions.

Building a successful workforce might just come down to attitude, says Scott Schute, head of LinkedIn's mindfulness and compassion programs. He shared his tips for feeling more positive about work and the role employers play in building a more enjoyable workplace.

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The biggest recruiting trends this year

Since the beginning of the pandemic, the job market has seen unemployment swing from half-century lows to record highs in a matter of weeks, leaving hiring managers scrambling to adapt.

But working from home has provided companies with a silver lining, says Andy Valenzuela, chief human resources officer at HireVue, a recruiting platform. Hiring managers have been able to broaden their recruitment efforts, no longer constrained by a location-specific applicant pool.

HireVue found that over half of respondents expanded their recruiter network — 48% of which expanded postal codes for potential recruits and 47% added more remote roles to existing positions. Valenzuela shared the three most anticipated hiring trends for 2021, according to HireVue.

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The biggest recruiting trends this year

AI simplifies the remote recruiting process

Payroll, HR and benefits company Simpeo has teamed up with hiring platform GoodJob on a new talent acquisition tool designed to utilize AI technology to navigate remote recruiting.

A bad hire can end up costing employers about five times the employee’s annual salary, according to the Society for Human Resource Management. This includes the cost to replace the worker, training time for new staff, expenses and lost revenue. It is estimated that 80% of turnover is due to bad hires, according to theHarvard Business Review.

Simpeo and GoodJob created software called Simpeo On-Demand Talent. Companies can utilize this technology to find and hire the most qualified talent earlier in the job search process while managing costs.

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AI simplifies the remote recruiting process

Education could be the key behind employee retention

The best way to retain employees might be to let them go — back to school, that is.

Months of remote work has made employees contemplate their purpose, and they’re prepared to quit their jobs for better opportunities. In an effort to keep workers engaged, child care provider Bright Horizons offers a program called FastTrack as part of their EdAssist Solutions. The service gives employees the opportunity to obtain high school diplomas and college certificates affordably.

“We think of education as a benefit,” says Patrick Donovan, senior vice president at Bright Horizons EdAssist Solutions. “We manage it to make sure that it's as easy as possible for the employees to take advantage of what their employers want them to do in any area of development.”

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Education could be the key behind employee retention

LinkedIn coach shares tips to be happier at work

Being happy at work might seem like an impossible goal for employees, but the secret is as simple as a change in perspective.

Unhappiness at work is rampant: 70% of U.S. workers feel disengaged with their job, according to a poll by Gallup. Three out of ten workers describe what they do as “just a job to get by,” and less than half say they are satisfied with their careers, Pew research found.

“Making a simple shift in how we interpret our internal attitude can make us happier and drastically improve our performance,” says Scott Shute, head of LinkedIn's mindfulness and compassion programs. “We’ve built this construct that work is bad but we can reframe it as something we get to do and make it more of a choice.”

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LinkedIn coach shares tips to be happier at work