Dynamic Happenings

7 Staffing Trends to Look Out for in 2015

January 20, 2015 General

1. The Rise of Mobile Recruitment

Is the rise of mobile recruiting an opportunity or a threat to the companies?

• More than 55% people in U.S. access the web through mobile devices. (Source: Comescore, Inc.)
• 65% of candidates search for jobs using their mobile devices. (Source: Indeed.com)
• 78% of candidates reveal that they would prefer applying for jobs on their mobile devices. (Source: Indeed.com)
• 45% of candidates track their application status on mobile. (Source: Kelton Research)
• 90% of Fortune 500 companies haven’t optimized their career sites for mobile usage. (Source: iMomentous)

2. Temporary Staffing on a Rise

What will be the implications of growth of temporary jobs on staffing and economy?

• In 2014, temporary staffing grew at a higher rate than permanent jobs. (Source: BLS)
• In 2013, 70.6% of the new jobs generated in the U.S. were made by temporary workers. (Source: BLS)
• Temporary hiring reached 2.9 million in mid-2014, an all-time high. (Source: BLS)
• 18% of temp jobs turn into permanent jobs every year. (Source: ASA)
• 1 out of 10 workers are placed through temporary-staffing agencies. (Source: ASA)

3. Aging Baby Boomers, Emerging Gen-Y

With Gen Y vouching to step into baby boomers’ leadership shoes, how will the workplace be transformed?

• By 2020, 80 million baby boomers will be retiring creating a leadership gap to be filled by Gen X and Gen Y. (Source: greenbaypressgazette.com)
• By 2025, Gen Y will make up 75% of the work force. (Source: BPW Foundation)
• 74% Gen Y wants flexible work schedules and 88% want work-life integration. (Source: Intelligence Group Study)
• 64% Gen Y aspires to make the world a better place to live. (Source: Intelligence Group Study)

4. Hire for Fit, Train for Skills

Will the firms making a timely investment in the talent supply chain take the lead over the competitors? 

• 89% of ‘new hires’ fail for attitudinal reasons and 11% fail for lack of skills. (Source: leadershipiq.com)
• 46% of the U.S. executives accept that they don’t have the skills they need in the next 1-2 years. (Source: Accenture)
• 72% executives identified training as one of the most effective ways for skill development. (Source: Accenture)

5. Employer Branding – The New Age Talent Mantra

Will ‘Employer Branding’ become the next cornerstone for attracting and keeping the new talent?

• In 2014, 9 out of 10 referrals were made by employees. (Source: RiseSmart.com)
• 90% of job seekers read reviews of the company before accepting the offer letter. (Source: Glassdoor)
• 90% of employees would leave their current job for an offer from another company with a higher reputation. (Source: Glassdoor)
• What job seekers look for in an employer - Career prospects, work environment, product/service quality, work/life balance, job security, compensation and recognition.

6. The Big Data & Analytics

Does big data hold the key to help organizations get through the constant flux of information?

• Big Data market will grow at a 27% CAGR, turning into a $32.4 billion industry through 2017. (Source: IDC forecast)
• 85% of people believe that businesses can take more informed decisions with big data (Source: IDG Research Services)
• In 2015, the companies that use analytics will be 5 times more likely to make faster decisions than competition. (Source: International Data Corporation Forecast)

7. ATS Integration

Will employers choose a staffing firm on the basis of whether or not it deploys ATS in its hiring strategy?

ATS uses a single platform to perform multiple functions across the hiring cycle.

• Posting job openings
• Screening resumes
• Sending interview calls
• Individual applicant tracking
• Automating data feed
• Validating data
• Addressing any shortcomings
• Compiling and sharing results

Firms that choose a staffing firm with ATS integration get the following competitive advantages:

• Streamline the screening process
• Optimize the capabilities
• Minimizes manual errors
• Reduces turnaround time
• Reduces overall cost of operation
• Increases operational efficiency
• Minimize bad hiring costs

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