2. Lack of qualified candidatesThe talent shortage is the No. 1 hiring challenge today. A study by the National Federation of Independent Business has found that 87% of HR professionals reported “few or no qualified applicants" for the positions they were trying to fill. Unfortunately, this problem will only get worse. According to the McKinsey Global Institute study, in 2020 companies in Europe and North America will need 16 to 18 million more educated employees that are going to be available. Solution 💡 What? ✔️ How? ➡️
How can TalentLyft help? 3. Expanding candidate reachDue to the lack of qualified candidates, employers who want to fill their open positions with great candidates will have to look beyond their employees’ social networks and local communities. They have to find a way to expand their candidate reach in order to find those rare hidden gems. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? Are you struggling to get a grip on your recruitment marketing efforts? Get in touch with our product specialists and learn how our tool can assist you in all your recruitment marketing efforts! Book a call! 4. Targeting passive candidatesThe way things are going, soon there will be no job seekers - only passive candidates. According to LinkedIn’s research, 70% of the global workforce is made up of passive talent who aren’t actively job searching and the remaining 30% are active job seekers. Scary statistics, ain’t it? The good news is that most (up to 90%) of these passive candidates are interested in hearing about new job opportunities, as reported by LinkedIn. Solution 💡 What? ✔️
How? ➡️ How can TalentLyft help? 5. Attracting the right job candidatesAs reported by Glassdoor, 76% percent of hiring managers admit attracting the right job candidates is their greatest challenge. They are wasting their precious time by going through tons of applications from candidates that are not a good fit for their open positions. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? With TalentLyft’s Recruitment Marketing solution, you can easily present your employer brand on your career site and your career blog. You can highlight the perks and benefits you offer to your employees and feature videos about your company culture. You can also write articles where your existing employees talk about their typical day at work. That way, you can show candidates how would their day look like if they worked at your company. You can also interview your existing employees and present their career path and development opportunities at your company. 6. Building talent pools proactivelyA talent pool is a database of candidates interested in working for your company. By building a talent pool, you can fill your job positions in less time with less money, because you already have candidates to choose from. The question is - how to build a high-quality talent pool filled with great potential candidates? Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? TalentLyft’s Talent CRM solution offers many different features for actively managing your talent pool, such as segmenting your talent pool, managing pool stages, sending engaging email campaigns, etc. 7. Inefficient talent sourcingThe right candidates are out there. However, without an efficient talent sourcing strategy, HR professionals spend countless hours and invest a lot of effort trying to find them, but with poor results. Recruiters find it very difficult to find high-quality candidates and obtain their resumes and contact information. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 8. Providing memorable Candidate ExperienceCareerArc’s candidate Experience Study revealed that nearly 60% of job seekers have had a poor candidate experience. As a result:
In short, if you don’t improve your candidate experience, you risk losing o not only your top candidates, but also your reputation, customers and money. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 9. Engaging with active and passive job seekersContinuous candidate engagement will be a key to recruiting success in 2020. Candidate engagement is the process of continually communicating with your candidates. Your goal is to get potential candidates interested in working for your company and keep them engaged until the right job opportunity comes up. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 10. Hiring for diversity and inclusionHiring for diversity and inclusion will be a priority for HR professionals in 2020. According to LinkedIn’s research, 78% of HR professionals say that diversity is the top trend impacting how they hire. Additionally, 67% of job seekers said a diverse workforce is important when considering job offers, as reported by Glassdoor. Solution 💡 What? ✔️ How? To find diverse candidates, you should also try posting your jobs on diverse niche job boards, such as Diversity Working. Reach out to college and professionals organizations focused on diversity. Ask your existing employees for diverse referrals. To get diverse candidates interested in joining your company, make sure to highlight your company’s dedication to diversity. Present quotes, photos and video testimonials from your existing diverse employees on your career site and social media profiles. To make sure that your selection process is fair and objective, you should conduct structured interviews. ➡️
How can TalentLyft help? With TalentLyft Sourcing solution, you can easily find diverse candidates. With TalentLyft's Applicant Tracking System, you can conduct structured interviews and use scorecards to evaluate candidates fairly and objectively.. With TalentLyft’s Hiring Analytics solution, you can automatically track and measure your diversity and inclusion metrics. 11. Eliminating biasResumes with white-sounding names receive 50% more calls for interviews than identical resumes with black-sounding names, according to a report by the National Bureau of Economic Research. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 12. Ensuring easy team collaborationRecently, a talent acquisition field has been undergoing a shift from traditional hiring models toward collaborative hiring methods. Modern hiring process is based on the effective collaboration between executives, hiring managers, recruiters, recruitment marketing professionals, IT experts, etc. Additionally, with more and more people working remotely from different sides of the world, ensuring effective team collaboration is becoming more and more challenging. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 13. Streamlined selection processEven though many companies struggle with attracting and engaging high-quality applicants, some still haven’t been able to streamline, simplify and automate their hiring processes. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 14. Choosing the right candidateAccording to Career Builder research, 74% of employers admit they’ve hired the wrong person for a position. This comes as no surprise considering that up to 78% of resumes are misleading and up to 46% contain actual lies, according to Criteria Pre-Employment Testing’s research. Unfortunately, a bad hire can cost a company upwards of $50,000, as reported by Career Builder! 😧 A bad hire can cause a significant loss in revenue, productivity and cause problems with employee morale and client relations. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 15. Hiring fasterIf you want to snatch top candidates, you need to hire fast. How fast? Well, according to ERE Medis’s research, top candidates stay available on the job market for 10 days only. Robert Half’s research has also found that a whopping 57% of job seekers lose interest in a job if the hiring process is lengthy. Unfortunately, 70% of companies take anywhere between 1 to 4 months to make a new hire, as reported by LinkedIn. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 16. Focusing on dataHiring analytics is a core business initiative that can help your company achieve its business results. According to a Global Human Capital Trends study by Bersin by Deloitte, 71% of companies see people analytics as a high priority in their organizations. If your HR team isn’t data-driven and well versed in hiring analytics, you’re missing an opportunity to help your company gain a competitive advantage in the market. Solution 💡 What? ✔️ How? ➡️
How can TalentLyft help? 17. Ensuring data securityJob applicants provide a lot of personal and potentially sensitive information and trust your company to keep it secure from hacks, breaches and other intrusions. Since the EU General Data Protection Regulation (GDPR) rolled out in 2018, hiring EU candidates has become quite complicated. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 18. Outdated technologiesIt’s the year 2020 (soon enough). Hiring by using Excel spreadsheets and email is simply not viable in this modern tech era. Even if you’re using a specialized recruitment software such as Applicant Tracking System (ATS), the chances are it is already outdated. Relying solely on your ATS to recruit candidates in 2020 is a recipe for disaster. Legacy recruiting software and applicant tracking systems often fall short when faced with the demands of the modern hiring process. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 19. Adoption of new technologiesTechnology is changing the world as we know it, and that includes how we hire. Modern recruitment technology offers the promise to advance and make hiring easier and more effective. While this is indeed exciting, the adoption of these new technologies can become overwhelming and scary. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? 20. Integrating multiple recruitment solutionsWith the proliferation of different recruitment solutions, it has become necessary to integrate multiple recruitment software into a major talent acquisition system. The problem is that this integration is rarely seamless. Solution 💡 What? ✔️ How? ➡️ How can TalentLyft help? Are you ready to overcome your biggest recruitment challenges?Start using TalentLyft today and tackle some of the most prominent challenges in recruitment! Setting up your account will only take a few steps. Get started today! Which of the following is a potential challenge to external recruitment?Time Consuming
The biggest downside of an external recruitment drive is the time taken to fill open positions. Recruiters receive hundreds of resumes for every open position and screening them takes up a lot of time.
Which of the following is a challenge that is facing the human resource managers of today?One of the greatest HR challenges facing businesses in 2022 isn't just finding talent—it's retaining talent. According to Gartner, 48% of HR leaders are significantly concerned about employee turnover in the next few months (full content available to Gartner clients).
What are the most important responsibilities for professionals in the HR field is?Planning, coordinating, and supervising the employment of new employees are the responsibilities of HR managers. In addition to acting as a liaison between management and staff, they advise business executives on strategic planning. The role of an HR manager may be more crucial than ever in today's environment.
Is sometimes advantageous to hire from within because it?Hiring from within the company can provide career development opportunities for professionals who already work for the company. This often can consequently increase employee satisfaction and retention, because professionals may be happier at a company at which they can grow.
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