So far 2016 has a positive outlook for job seekers. Most Recruiters in Silicon Valley will agree it is now a candidate’s market. So in looking at the market here are the trends we expect to see emphasized in order to attract top talent for the remainder of the year.
Now that we are living in a candidates market, timing is more important than ever. Job seekers have options; they don’t have to deal with your long clunky application or hiring process. If you want to attract top talent you need to have efficient processes. “In every field, not just IT, almost all (91%) employers are trying to ‘improve the candidate experience,’ according to a survey by recruiting-software maker iCIMS. That includes streamlining job applications to make them shorter and simpler, the report notes, since 68% of job seekers who abandon an application do so ‘because the process was too long or required too much information.’” Within the past four years the length of the hiring process, from when you apply to the job to when the job is filled, has increased greatly, according to Glassdoor’s research, it takes twenty three days now, up from just thirteen days in 2009. Yes, 23 days! This isn’t good news for employers or applicants. Employers can lose great candidates who aren’t willing to play the waiting game, or to other companies that work faster.
New perks are also going to be a big part of attracting top talent. 2016 Job offers will include more perks, benefits and flexibility than in years past. “Benefits and perks will continue to play a big role in the job search and recruiting game in 2016, especially with nearly three in five (57%) people reporting benefits and perks being among their top considerations before accepting a job. […] What new perks will hit in 2016? Time will tell, but it’s likely they will continue to help make employees’ lives easier in and out of work, especially those with families.” Many big name companies are beefing up their parental leave policies, vacation policies and flexible work policies, we will see this continue as employers find new ways to support their employees and encourage work life integration.
2015 was the year of employee engagement, and this year companies are going to put even more emphasis on employees. 2016 will likely be the year of candidate and employee experience, to enhance brand reputation and organizational culture. Companies are going to focus on fit, intellect and ability to train as finding talent gets harder. “Smart employers will hire less on experience and more on capability and potential. In an increasingly tight job market finding good talent becomes less about what’s already on the resume and more about how to zero-in on a candidate’s personality and natural attributes.”
They also are going to focus on making a culture where everyone can work, not just Millennials and Gen Z, but they will try to make a workplace for the generations. Employers should have at least a basic understanding of the generational differences of their employees and speak to each audience with those differences in mind. When hiring new employees, it could be beneficial to allow each one to choose their method of training to ensure a proper and manageable learning curve and eventual workplace success.
2016 is the year of the candidate and employee, so if you want to attract top talent you’ll need to have efficient processes and offer perks to make their lives easier. If you need help with recruiting top talent or with expanding your contingent workforce, give us a call at (650)752-6193. Menlo Partners Staffing, general & administrative recruiting experts for small to mid-size employers in Silicon Valley.