As employers plan to hire more
employees, they should be mindful of the following trends:
1. Focus on retention.
The
Conference Board, a New York-based research group, discovered 52.3 percent of
1,673 Americans surveyed in June are unhappy at work.
Unhappy
workers typically leave their jobs to explore new opportunities in an improved
economy. So employers should find new ways to retain and recruit talent.
Last
year, 73 percent of some 600 U.S. employees surveyed were satisfied with their
co-worker relationships (6 percent less than in 2012), according to the Society
for Human Resource Management’s "Employee Job Satisfaction and
Engagement" report. Just 70 percent of employees said they were satisfied
with their relationships with their supervisor (a 5 percent drop from 2012).
In
a survey of 1,039 millennials by Elance-oDesk released in October, nearly 80
percent of the respondents said they would like to quit their regular job to
work for themselves.
Employers
should identify why some individuals might want to work independently and use
this data to improve their workplace.
To
boost retention and recruitment, identify top performers who could potentially
leave and find out how to keep these employees fulfilled. In addition, forecast
potential turnover rates to be prepared.
2. Offer competitive wages.
Research
released by Michigan State University in October revealed that 37 percent of
5,700 employers surveyed said they plan to increase salaries of entry-level
workers 3 percent to 5 percent next year.
Compensation
ranked as most important job satisfaction factor for U.S. employees, according
to the Society for Human Resource Management report last year.
Research
how much competing employers pay their employees. Use this information to
create a budget to pay employees fairly for their skills and dedication.
3. Develop a compelling employer
brand.
Employer
branding can help with recruiting efforts. Fifty-six percent of 4,125 global
talent leaders in 31 countries surveyed for LinkedIn’s 2015 Global Recruiting
Trends said they believe cultivating their employer brand is a top priority.
Create
a compelling employer brand by designing a company career website for job
seekers outlining the organization’s values, culture, accomplishments and
benefits. Employers can also enhance their company's image on social-media
platforms such as LinkedIn, Twitter and Facebook and engage with prospective
employees online.
4. Plan for generational shifts.
The
U.S. Census Bureau confirms for me in a phone interview that 3.4 million people
will turn 65 in 2015.
Knowing
that 9 out of 10 individuals who are age 65 and older receive Social Security
benefits, according to the Social Security Administration, it’s quite possible
a lot of these individuals will choose to retire next year.
Some
2.8 million people received new Social Security benefits in 2013, 2.7 million
in 2012 and 2.6 million in 2011. So it seems that the number of people retiring
each year is on the rise.
For
example, the Social Security Administration expects 33 percent of the its own
workforce, including 48 percent of its supervisors, to be eligible to retire in
2015.
As
more baby boomers retire and millennials enter leadership roles, employers will
need to find ways to transfer valuable skills to younger staffers. In addition,
HR departments will need to develop strategies to train and motivate
millennials.
5. Prepare for the gig workforce.
According
to a study of more than 5,000 American freelancers released in August by the
Freelancers Union and Elance-oDesk, 34 percent of the U.S. workforce -- or 53 million people -- is now working as
freelancers.
This
is a significant rise from the tally in 2004 of the contingent workforce by the
federal General Accountability Office, which found about 42.6 million American
workers were freelancers.
Employers
might want to hire more freelancers and contract workers in the near future.
Freelance
employees can fill talent shortages within an organization. When hiring
freelancers, create a flexible work environment and don’t expect each person to
agree to full-time contracts. Develop guidelines for hiring freelancers and how
they’ll be managed.
6. Solidify a mobile recruitment
strategy.
In
Jobvite’s Social Recruiting Survey released in August, nearly 70 percent of
1,855 recruiters surveyed said they expected more competitive hiring over the
next 12 months. And 73 percent of the recruiters surveyed said they plan to
invest more in mobile recruiting to address this trend.
Create
a mobile career site that lets job seekers apply for jobs directly from a mobile
device. Hiring managers will probably want to use mobile recruitment so that
they can post jobs on the go and create postings that can be easily shared on
social media and readily responded to.
What hiring trends are you preparing for in
2015?
Author: Heather R. Huhman
Sources: www.entrepreneur.com