Employers are sitting on a ‘job exodus time bomb’. Research carried out by Investors In People revealed the following:-
- A 10% rise in employees looking for a move.
- An increase of 5.85% in employees who believe the job market has improved.
- A 4% drop in employees who are happy with their current job.
While these figures may not come as a surprise, coupled with this are soaring absenteeism levels, equating to £30 billion per year or seven days for each employee per year.
Put the two together and the pressure for HR to fine tune talent acquisition and employee retention strategies intensifies. At the same time it must also embrace ongoing changes in an increasingly complex landscape.
The winners in the race to prevent the employee exodus have one vital tool at their disposal – sophisticated recruiting software.
By eliminating the need for HR to carry out time consuming tasks, talent recruitment systems can help to re-introduce innovation into hiring processes while at the same time slowing the ‘job exodus time bomb’.
Without recruiting software, HR faces an uphill task. Here’s why:-
Today’s HR departments are swamped by administrative tasks at a time when the pressure is on to demonstrate leadership and organisational skills. Sophisticated recruiting software automates essential elements of the hiring process, including posting vacancies to job boards and other online recruitment channels. Automated, personalised messages maintain the interest and engagement of talent in the pipeline, as well as allowing candidates to schedule interview times convenient to them. With the basic tasks taken care of, HR can turn its attention to issues of innovation and leadership.
Lack of information
HR leaders are responsible for the success of talent acquisition strategies. The problem is that many companies still depend on outdated talent recruitment systems or unreliable information scattered across numerous spreadsheets and locations. Modern recruiting software provides recruitment analytics holding all relevant data together in one easily accessible place. With live linking to Excel, hiring managers can build their own reports, assess the progress of each vacancy and adjust online recruitment efforts accordingly.
With the rise in remote and flexible working, HR leaders run the risk of becoming isolated or disconnected from their teams. Sophisticated recruiting software with integrated applicant tracking systems enables easy monitoring of hiring progress across all vacancies. Solutions are delivered through the cloud allowing instant sharing of information and collaboration in key hiring decisions. Dedicated hiring manager portals allow team leaders to maintain full control over the posting and requisitioning of job vacancies.
Lack of innovation
Research carried out by Bersin by Deloitte found that less than 8% of HR leaders believe their teams have the skills or capacity to deliver innovative solutions or meet the challenges of talent acquisition in today’s employment market. If HR is to get creative it needs the time and space for that creativity, namely recruitment management systems which take the strain of time consuming tasks and support innovation efforts. HR leaders who fail to acknowledge this need face a growing call to split HR into two strands (identified as administration and leadership/organisation) to enable that much needed innovation to occur.
Advorto is a provider of world class recruiting software that enables companies to hire talent faster. Put a stop to your job exodus time bomb. Talk to us today.
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