This is a good post by Lou Adler on The Future of Hiring and Recruiting, Circa 2020-2025
Of particular importance are the following 3 points – if these points don’t change the rest is irrelevant. Our primary focus is and will continue to be educating clients on how to hire well and to understand the importance of talent acquisition to the overall success of an organization.
“Talent becomes a business strategy, not just a mission statement”
“Company leaders will finally realize that if hiring great people is the most important thing hiring managers need to do, they’ll actually be measured on how well they do it.” We referred to this same concept in our last blog about candidate experience, touching on the interview process and ensuring that the teams are up to speed on how to interview. This should also extend to the end of the process; holding people accountable for good and bad hires which should over time reduce the number of bad hires. Providing training to teams and hiring managers that may need assistance on how to interview is vital.
“People will become an investment to be nurtured, not a cost to be controlled.”
For most companies, the cause of high talent turnover is the result of a flawed hiring process in the first place, with the costs being measured in time, money and loss of opportunity. The first step is to hone the process to get the best talent, the second to bring the talent on board successfully and the third to keep them at their most productive. Too often, clients undervalue the approach, hire the wrong people and spend too much on turnover. Hiring the right people, with the right process will cost money but it will be much better spent than paying for turnover. We are educating our clients daily on the investment they are making in the right talent, talent that drive revenue and results and trying to get their mindset away from how much money they are spending. Great talent bring great results which is a huge return on investment and should be seen as such instead of as the “cost of hire”.
“Hiring becomes a legitimate business process.”
Unfortunately we see too many companies that don’t value the process of hiring and fail to recognize that the candidate / CV is the result of a highly culled approach/methodology. The methodology/approach is crucial to the result, the result being CV’s / candidates that then result in a key hire. Our client education process is ongoing in communicating the importance of process. Unless the process is done well, the result will not be the best. The process is time consuming but well worth the effort in the long run.