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For candidates and hiring managers, the last few years have been far from predictable. And with smaller pools of qualified candidates, economic uncertainty, and fewer open roles to fill, HR teams are scrambling to do more with less.
Ready for a helping hand? We teamed up with the pros at CareerBuilder to evaluate the current state of the recruiting world—and how you can stay on top.
In a survey of HR Brew readers, we dug into the challenges HR professionals face while hiring, how recruiting processes are shifting, and their top priorities for 2024. Ready to dive in?
A dip into the hiring pool
With a limited number of qualified candidates in the job market (and low unemployment rates in the US), the pressure is on for hiring managers. Respondents reported high competition for top talent, but it’s not just because top-tier candidates already have jobs they love.
Economic uncertainty is also affecting hiring plans for the year, which means winning over the best of the best is…tricky. Between skill gaps, remote work’s impact on recruitment, and diversity and inclusion standards, HR managers have fewer resources to fill crucial roles.
Did we mention that candidates’ expectations are also changing?
Keeping the cream of the crop
Even with the best intentions, hiring processes are drawn out and draining. Interviews and assignments can stretch on for weeks or even months—especially when you’re conducting a search within a smaller candidate pool. But competitive candidates are more likely to move on or accept other offers when things go on too long.
The other big hiccup? Managing salary expectations. According to HR Brew respondents, jobs with a salary range of $50k–$75k are the most in demand right now. For roles with compensation of $100k and higher, enterprise companies are currently hiring 33% more than SMBs (15%).
How can hiring managers find qualified candidates to fill open positions? The answer is simple, even if it isn’t easy: prioritize.
What’s your priority?
In a challenging market, HR teams have to change their approach.
A majority of respondents across both SMBs and enterprise businesses are hiring only 1–14 positions this year. But despite economic uncertainty, 76% of HR pros surveyed said their recruiting budget is consistent or increasing. So we asked respondents how they’re prioritizing recruitment this year, and they delivered. Here’s what HR managers are focusing on:
- employee retention strategies
- leadership development and succession planning
- streamlining the recruitment process
If you’re looking for a little encouragement, consider this: Each of these priorities addresses the challenges in the marketplace.
Want to recruit the best minds for your future team? Connect with your current team. Prioritizing employee retention and leadership development helps keep your employees engaged, and it also gives candidates confidence in their ability to grow in new roles.
To move candidates from interviews to offers as efficiently as possible, it’s important to trim excess processes, shorten the time between interviews, set clear expectations, and communicate frequently. These steps will help ensure you’re not missing out on good-fit candidates due to a confusing or exhausting hiring process. Your candidates and your HR team will thank you.
And when you’re ready to optimize the hiring process, CareerBuilder has the tools and resources you need each step of the way.
Recruitment made simple(r)
Let’s face it: There aren’t enough hours in the day to handle the entire recruiting process alone. CareerBuilder’s flexible teams let you lean on the pros for sourcing and screening while you focus on making the right hire.
Speaking of the right hires, CareerBuilder’s two-sided marketplace connects employers to more than 41m active job seekers. And with its candidate-focused approach (plus 175m annual visits), employers get a qualified pool of applicants.
That includes those hard-to-fill roles, too. From database administrators to customer service reps, CareerBuilder’s audience covers 82% of the US workforce. So you can find a good fit from anywhere without breaking the bank.
Find the right candidates for your team no matter what the job market is doing. Start building your dream team with CareerBuilder.