Top 10 Recruitment Articles For January

Each month the JobsTheWord team picks its favourite need-to-know, interesting recruitment articles from around the web. This month includes, skills concerns, unfilled vacancy costs, recruitment trends, big data secrets and more.

1: Availability of skills is the biggest concern for UK CEOs…

2015 Global CEO Survey by PwC report that 84 per cent of UK CEOs are concerned about the availability of key skills. This rose from 64 per cent last year. Ian Powell, chairman and senior partner at PwC UK, said: “A keen focus for UK CEOs is how the country develops the right skills to compete globally.”  

2: Organisations lose out in the race for talent…

The Workforce View 2014/15 by ADP reports that many organisations are losing out in the race for talent. While 77 per cent of employers are optimistic, 50 per cent see talent gaps as a threat to their organisations. HRDs see a lack of fresh talent entering the organisation as the single biggest threat. 47 per cent see the scarcity of fresh talent as their number one worry. 20 per cent of employees said they would be looking for more meaningful work over the next five years. 

3: Unfilled vacancies cost the UK £18 billion a year…

UK job listings take over a month to fill, 27 per cent remain vacant for over three months. The inability to find and recruit the right hire for roles has an impact on both businesses and the wider economy. Unfilled vacancies are costing the UK a staggering £18 billion a year. The report’s findings illustrate the growing importance of building a strategic recruitment function to hire quickly and efficiently, and find the right fit for each role.

4: Employer brand for recruitment – top tips from the BBC…

We predict it will not be long before the majority of the larger companies’ recruitment and marketing teams join forces to focus on ‘candidate centricity’, turning their attention to ensuring that anyone applying for their roles, leaves with a positive impression of the employer brand. Already leading the way is the BBC,BBC Worldwide’s Head of Recruitment, Jonathan Campbell, is charged with championing BBC.

5: Talent Analytics platforms recruiters should know about…

There’s no denying the power of using data as part of your hiring strategy. Data is giving hiring managers the power to make more intelligent hiring decisions, and in many cases – reduce cost per hire and time to fill. The sheer amount of detail we have at our fingertips is changing the way we recruit.

6: Increase in Staff leaving their jobs in 2015…

New research by the Institute of Leadership & Management (ILM) reveal, 37 per cent of workers are planning to leave their jobs in 2015. The survey also revealed that staff are feeling increasingly undervalued by their managers. 25% of those planning to leave said it was because they felt unappreciated in their current role, almost 10% more than last year.

7: Key recruitment trends for 2015…

A top 5 list compiled by Rob Stewart on Talent Culture. Trends include, increasing focus on quality of hire, emphasis on using social networks, closing the gap between active and passive candidates, talent branding and mobile recruiting. Recruitment is becoming increasingly challenging, 69 per cent of recruiters expect competition to increase. Therefore, it is important that recruiters keep up with key trends and new ways of thinking to ensure successful sourcing and hiring in 2015.

8: The process of reviewing CVs become Tinderised…

Recruiter spend on average only 8 seconds scanning a CV before choosing to save or destroy According to the UK’s youth programme, National Citizen Service. The pressure on employers to get through hundreds of CVs has doubled and despite the surge in applications the majority of CVs don’t stand out from the crowd.

9: Young workers hit the hardest by wages…

According to new research by the Institute for Fiscal Studies thinktank, wages were 1 per cent lower in the third quarter of 2014 than in the same period 13 years earlier taking inflation into account. Among the biggest victims in falling wages were younger workers. According to the latest official figures, average weekly earnings rose at an annual rate of 1.7% and the IFS suggested real incomes should continue increasing over the next 12 months.

10: Pepsico’s big data recruitment secrets…

Pepsico’s Talent Engagement and Marketing Leader, Chris Hoyt, was one of the key speakers at the InHouse Recruitment EXPO event this week, there to reveal the secrets of how his organisation is turning to big data to improve their recruitment process. He explained: “It’s not really about big data, it’s about how you use your data to create big insights, and then turn them into visualisations to enable all to understand.”

Steve Bebbington
Client Partner
enquiries@jobstheword.co.uk
0207 193 0220

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