According to the US Bureau of Labor Statistics, the current unemployment rate is 3.7 percent. This means that the current job market of 2019 has about six million job seekers. Even more, there are people who are underemployed and marginally attached.
So why is there a high number of jobless people? Let us learn the challenges that recruiters face during the hiring process. Then we can understand and solve the issue.
1.The Current Job Market of 2019 Needs Fast Recruitment
When there is a vacant position in a firm, the roles done by the position holder remain on hold. As a result, the firm incurs cost. So the HR team needs to fill that gap fast.
However, the hiring process can take a long period. This could be due to a lack of qualified candidates and a lengthy hiring process.
The answer to this problem is simple. You must offer attractive perks like health insurance, workers compensation, and others. When qualified candidates know that you offer attractive workers compensation, they will find you quickly. What’s more, you need to shorten the hiring process and look for candidates in the right place. For instance, you can find serious professionals on LinkedIn.
2. Finding Hires Who Fit the Organizational Culture in the Current Job Market of 2019
It is normal for HR professionals to hire qualified candidates only for them not to fit in. When new hires fail to blend in the culture of the company, they are less motivated to work. This is because they feel like outsiders. Moreover, they are unable to perform optimally in a team setting. As a result, productivity decreases. But recruiters can avoid these repercussions by hiring candidates who can fit the culture of the company, which is always a challenge.
The cause of this problem is the lack of job descriptions reflecting the company’s culture. Recruiters need to include other company aspects like goals in the job description. Hence only those candidates who feel they can fit in will apply.
3. The Current Job Market of 2019 is Competitive
Small businesses and large companies used to compete for candidates. But now there has been a significant shift. Most noteworthy, millennials consist of the biggest share of job seekers, and they want more than a traditional job. So startups have changed the hiring game by reaching out to them.
In the current job market of 2019, startups are offering flexible salaries and packages. They also highlight the benefits of working for them in the job description. For instance, some offer gym memberships, workplace snacks, sleep breaks, and more. Thus, recruiters who advertise positions face a hard time getting qualified candidates.
Standing out can be hard, especially with this high competition. So what do you do? Offering perks that are attractive to millennials is a great start. For instance, find a good insurance broker to offer good deals on health insurance plans. You also need to highlight these benefits in your job descriptions.
4. Fair Recruitment in the Current Job Market of 2019
The law prohibits firms from offering unequal employment opportunities. But this has not stopped some HR teams from recruiting few black, LGBT, or female employees. Hence, this prevents recruiters from hiring the most qualified candidate for the position. What’s more, the company becomes unattractive to qualified professionals from these groups.
It is crucial that HR professionals fail to discriminate based on stereotypes. They can achieve this through the use of blind recruiting software. They also need to use objective hiring techniques such as structured interviews.
Certainly, these solutions can assist your company in improving its hiring process. You will also get the right candidates for the advertised positions. Similarly, a job seeker has a role to play if they want to have a successful job hunt.
In the current job market of 2019, potential candidates need to only apply for those positions they qualify. So recruiters will have an easier time shortlisting them.
Furthermore, they need to have an updated LinkedIn profile. Most employers will compare the candidate's resume with their social profile. According to research, 20 percent of recruiters expect potential candidates to be present online.
Moreover, job seekers must join job clubs. They allow job seekers to share opportunities and job hunting tips. Potential candidates also need to expand their networks in order to be in the know of any potential job opportunities. Lastly, they must apply for temporary jobs instead of being idle. Employers do not like to see gaps in the resume.