How to Transform Your Hiring Process
Growing global talent shortages are requiring organizations to think differently about their hiring process. Instead of simply waiting for qualified candidates to appear, organizations can change their process of recruiting, hiring, training and advancing their workforce. Here are ways to transform the hiring process.
Ideally, a new hire will be with your company for the long term, so a misfire in hiring the wrong person can set your organization back months or even years. To help ensure the right person is being selected for the job, competency-based assessment models should be integrated components of recruiting, hiring, development and advancement processes. This will significantly improve the odds that the organization is hiring and advancing the individuals who are most likely to deliver on the business’s strategic priorities.
Hire from diverse industries
Markets expand and contract all the time, and workplace talent from various fields and backgrounds are no exception. Organizations need to diversify their talent pool and look at cultivating in-house talent, promoting from within, hiring freelancers and contractors and attracting talent away from competitors with competitive wages and benefits. All of these areas can play a role in filling talent shortages, and if one element becomes tapped out, there should be another source ready for exploration so the company doesn’t fall behind.
Consider mature workers
Aging workers can contribute to the success of your organization. The aging workforce needs companies. And companies need them. Skilled trades workers, sales representatives, engineers and technicians occupy the top spots for global workforce shortages, and it is common for more mature workers to be employed in these roles. Aging workers come with institutional knowledge and life experience specific to your business, so savvy organizations can protect that from competitors and seek to partner with older workers on their transition to retirement.
The smartest approach to solving the talent shortage is a multi-pronged effort. Learn more about the global talent shortage and what organizations can do to respond to it here.