2024 Hiring Trends
The Importance of a Positive Work Environment
According to the results of MBS’s 2023 Employee Satisfaction Survey, conducted in association with MAPP’s 2023 Wage and Salary Survey, a positive work environment along with competitive compensation are ranked as the most important factors contributing to employee job satisfaction. Conversely, a toxic work environment and no growth opportunities are the factors contributing most to job dissatisfaction. With all the challenges in the current jobs market, a positive work environment can be the difference in attracting and retaining top talent for your organization.
Building a Talent Pipeline
In the past, hiring has primarily been a reactive game where roles open up and recruiters were tasked to fill them. In a skills-short hiring market, the importance of a proactive hiring approach can make it easier to hire for hard-to-fill roles, and reduce the cost and time to hire. Building a Talent Pipeline starts with understanding the requirements of all the positions in your plant, sourcing and having conversations with potential candidates who can do the job before the roles are vacant, and then keeping the potential candidates warm and engaged for opportunities in the future.
Creating a Positive Candidate Experience
A prolonged hiring process can frustrate top talent and result in a significant waste of time, effort, and budget. If the onboarding process has multiple rounds with multiple individuals and lengthy procrastination between stages, there is a significant risk that candidates will lose interest and find opportunities with your competitors. Fast track your due diligence and candidate vetting process to keep forward momentum and provide frequent status updates to the candidate. If they are guessing, you are losing credibility.