At the start of the 2020 pandemic, recruitment wasn’t high on the list of priorities for many businesses. In fact, it was just the opposite – across the globe there were hiring freezes and the large-scale furloughing of staff.
However, now that countries are coming out of the lockdown, many organisations are starting to think about recruitment once more.
Of course, the landscape has changed significantly. Remote working, distributed workforces and a greater demand for flexibility are all factors affecting how businesses and candidates think about work opportunities. So, what lessons have been learnt from the last few months? And how will they shape the future of hiring?
1. Recognising work-from-home (WFH) skills
‘WFH capabilities’ are new differentiators that recruiters must look for in potential candidates, says recruitment guru Dr John Sullivan in a recent paper, How to Hire Remote Workers. These capabilities include being purpose-driven and self-motivated and having both a large professional network and a suitable physical workspace. “In addition to the posted qualifications for any job, our research has revealed that candidates with two or more of the following capabilities have at least a 20% higher probability of excelling at remote work,” explains Dr Sullivan.
2. The appeal of a flexible workforce
Due to COVID-19, organisations will need to focus on hiring candidates for flexible roles. This shift will help companies save money by only paying people for the work needed in the moment. Yet the other benefits of hiring for flexible roles will extend far into the future. Research shows that flexible jobs help diversify teams, which, in turn, boosts a business’s bottom line. This is good news particularly for parents – especially women, BAME employees, and people who live outside cities, who might otherwise be underrepresented in an organisation.
3. Adopting new technologies
“Not only can technology eliminate the need for expensive outsourced services, it helps teams to work quickly and efficiently in a collaborative approach, whether in the office or remotely,” says Caroline Gleeson, CEO and co-founder of Occupop. “We can definitely expect to see much of the interview process moving online… and a greater utilisation of recruitment technology.”
4. Embracing virtual career fairs
Virtual careers fairs will fill the role of their physical counterparts. Candidates are sent a link to join a scheduled online event and can interact remotely with recruiters via their smartphone, tablet or PC to learn more about a specific job or opportunities using live chat or video. “Such events eliminate geographical boundaries for talent, and also remove some of the hefty costs that are associated with attending a bricks-and-mortar event,” explains an article in Recruiter.
5. Conducting interviews via video
The interview process may continue to happen via video for a long time, so SMBs will want to get better at using it well, with more structure and hiring team coordination. It’s worth exploring more creative ways to use it during hiring, too, including for group interviews, and candidate presentations.
6. Being flexible as a recruiter
To be truly flexible, SMBs will need to make smart, fast hires in order to fill short-term roles at the pace of demand. There may also be more instances where they need to assess whether a long-term or short-terms hire is the best call. There’s a reason many businesses will look to use flexible office space to hold meetings and interviews. A recent poll by North American HR firm Robert Half found that 97% of the international business leaders surveyed agreed that adopting a more flexible approach to recruitment would bring overwhelming benefits.
Businesses today need more flexibility than ever, with scalable workspace that makes sense for today. Create a flexible way of working that’s good for your people and great for business with Regus
Is remote leadership part of the new normal?
With 77% of adults reporting that they would be willing to learn new skills now, or completely retrain, to improve their future employability, there’s never been a better time to assess your own capabilities.
Digitalisation, globalisation, flexibility, and remote employment – these are just some of the ways the world of work is evolving. As a business leader, do you have the skills you need to help navigate it with your newly agile workforce?
We’ll meet again: business travel changed – but not forever
Now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?
In the thick of the pandemic, it seemed hard to imagine that we would ever travel for business again. Health and hygiene concerns coupled with global lockdowns, conspired to take all our meetings online. However, now the future is looking brighter, will businesses stay loyal to Zoom, or will we return to the old ways of travel and doing business face-to-face?
Can the Subscription Economy Save Financial Services?
Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.
As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.
EEC Expects 300-billion-baht Investment This Year
BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC)...
Thailand’s Stock Exchange (SET) market report for January 2021
BANGKOK – The Stock Exchange of Thailand (SET) Index rose inJanuary, though a new wave of COVID-19 pandemic in domestic...
Vietnam’s Binh Dinh Industrial Zone: Opportunities for Foreign Investors
The project will be based in Qui Nhon city, with a total capital of more than US$143 million (3,333 trillion...
Finance Ministry Seeks More Fund for Co-payment Scheme
Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the number of registrants exceeded the target of 31 million and could...
Thai Credit Guarantee Corporation (TCG) Will Launch Bad Debt Guarantee Program for SMEs
The program will also cover SME loans that have turned into non-performing loans (NPLs), defined as loans overdue by more...
Skin-lightening products market to reach US$31 billion by 2024
In emerging Asian and African economies, the natural aspiration to enhance one’s circumstances has led to rapid growth in the...
Subscribe via Email
National7 days ago
Thailand to further ease COVID-19 restrictions
Business1 week ago
THAI airways to sell training center building to raise more funding
Economics4 days ago
1.7 million Thais without smartphones register for "Rao Chana" benefits
Health1 week ago
200,000 doses of COVID-19 vaccine Distributed to 13 Thai provinces