Now that the modern recruitment landscape is perpetually undergoing rapid changes, the majority of companies globally are facing a talent shortage. In fact, chief human resources officers (CHROs) in different corners of the world are striving hard to attain operational excellence so that they can easily facilitate business transformation and stay ahead of competition. Apart from streamlining talent acquisition efforts and boosting workforce efficiency, they are constantly adopting the necessary measures to strengthen their organizational strategies so as to drive phenomenal outcomes in a brief timespan. So, let us delve into the biggest and most crucial priorities of new-age CHROs in the year 2020 to help you get acquainted with the top trends that are taking over the hiring industry.
Here are 5 points that most CHROs are concerned about in 2020
- The increasing need to invest in recruitment software to implement digital transformation
- Paving the way for enhanced team collaboration between HR departments
- Building a positive work culture that promotes both diversity and inclusion
- Personalizing the overall candidate experience to boost employee engagement
- The growing importance of pay transparency reporting
The increasing need to invest in recruitment software to implement digital transformation
Owing to the increasing number of companies digitizing their talent acquisition process, recruitment technology has gained a great deal of importance amongst the present-day CHROs business leaders looking forward to getting in touch with top industry talent for filling open vacancies within the company. Since labor-intensive manual talent acquisition tasks eat up the valuable time of recruiters and HR managers, implementing digital transformation with the assistance of a technologically-advanced recruitment software can be really useful for enhancing the overall hiring efficacy instantaneously. An advanced hiring solution can help HR professionals automate a number of recruiting activities that require an ample amount of effort and time, thereby allowing them to shift their attention to other vital organizational tasks. By investing in an AI-powered digital recruitment software that is packed with all the required features, the new breed of chief human resources officers can effortlessly enhance their organization’s hiring process by leaps and bounds.
Paving the way for enhanced team collaboration between HR departments
Without a doubt, having a productive HR workforce is essential for ensuring organizational growth and winning the race for top talent in today’s tough candidate-driven job market. Chief human resources officers are now more focused on paving the way for enhanced team collaboration between HR departments to help organizations gain a competitive advantage over their competitors. Improving collaboration between employees working in separate departments can work wonders for turbocharging business efficiency for producing the desired results in as little time as possible. Best of all, utilizing technology for workplace collaborations can help employees come up with more creative ideas, create greater flexibility, facilitate team-based decision making, and open doors to seamless organizational productivity at the same time. Besides recruiting quality talent and reducing employee turnover, human resources professionals can attain long-term business goals much faster by working together in harmony.
Building a positive work culture that promotes both diversity and inclusion
Building a positive culture within the workplace that promotes both diversity and inclusion has indeed become a top priority for chief human resources officers looking to attract the best talent around. However, a large number of organizations fail to connect with highly qualified and diverse candidates owing to serious inclusivity issues, thereby being unable to drive innovative business results. Due to this, human resources personnel have started working towards building an inclusive work culture in their organization so as to supercharge their slowed-up recruitment process and attract diverse talent with little effort. Apart from this, the greatest benefit of creating a diverse and inclusive culture within the workplace is that it boosts engagement and prepares the way for improved employee retention in an instant.
Personalizing the overall candidate experience to boost employee engagement
One cannot deny that candidate experience has been a hot topic for CHROs for quite some time now. Since most modern-day workers are altogether disengaged and unhappy with their workplace culture, personalizing candidate experience has become extremely important for human resources professionals looking to boost employee engagement in less time. Since this a big challenge for companies globally, CHROs are putting in continual efforts to improve the candidate experience by providing employees with regular incentives and a better work-life balance to keep them engaged in the most efficient way possible for driving top-notch business outcomes instantly. Similarly, the use of AI-powered chatbots is on the rise as they help organizations to provide employees with a highly personalized experience. Other than this, recruiters can now make effective use of tech tools and regularly forward relevant emails with captivating content to enhance employee engagement without any hassle.
The growing importance of pay transparency reporting
The majority of modern-day CHROs are in agreement with the fact that pay transparency reporting has become a quite popular HR trend in today’s recruitment landscape. In fact, many companies worldwide have started giving more importance to pay transparency reporting to motivate employees, enhance their performance and prevent them from leaving the organization. Now that almost every other worker wants employers to make their salary information public, businesses are coming up with transparent compensation frameworks to be completely open about employees’ pay levels to eliminate the uncertainty associated with payments. In addition to publicizing the pay levels and salary details of workers, CHROs have begun implementing the present-day recruitment technology to ensure that human resources teams make data-driven compensation decisions to win the trust of employees and keep them satisfied so that they do not become disgruntled with their organization. Keeping everything else aside, reduced pay gaps and improved employee engagement are also some of the major advantages of pay transparency reporting.
There is no denying the fact that the serious dearth of talent in the present-day labor market has emerged as a top concern for most business leaders across the globe. Detrimental factors such as lack of evidence-based decision making, outdated HR tactics, and shrinking applicant pools contribute significantly to a slow talent acquisition process. As a result, chief human resources officers are modifying their management strategies and employing digital tech tools to efficiently deal with modern-day HR challenges. The key, however, is to equip yourself with a credible new-age recruitment automation solution that can help you hire the best talent and stay on top of your game.