New research reported at Executive Grapevine has discovered that 81.5% of recruiters believe that a lack of relevant candidates is impacting their recruitment efforts right now, reports CV-Library.
Despite this, 85.4% of respondents to the job board’s recent study claimed that they still feel confident about hiring in 2020.
In the study of over 300 recruitment professionals, it revealed that almost two-thirds (63.8%) of recruiters plan on increasing their level of hiring in 2020, this is despite the fact that 61.9% claimed that their budgets will remain the same.
In addition, the research quizzed recruiters on what their top recruiting priorities are for 2020. 69.6% cited attracting higher-quality candidates as a top priority, while 35.6% claimed building talent pools for the future was more important.
The LEAST effective hiring strategy revealed
30.1% said targeting passive candidates was crucial, while 29.4% and 28.8% ranked reducing cost per hire and reducing the time per hire a bigger priority, respectively.
“We know that a number of factors have impacted hiring in recent months. From the General Election to ongoing economic uncertainty; good candidates have a choice and this means it’s harder to recruit than ever before. Despite this, recruiters are confident about their plans for 2020 and this is a positive update for the industry,” Lee Biggins, Founder and CEO of CV-Library.
“Clearly, our findings suggest that the majority of recruiters plan on taking a more proactive approach to hire in the year ahead; and this will be crucial if you are hoping to attract higher-quality candidates to your jobs. The fact that more recruiters want to focus on quality over quantity is a real step-change for an industry that tends to be numbers focused. But it definitely has the potential to help reduce cost and time to hire.”
Elsewhere, 91.3% said that the quality of jobseekers will be more important than quantity for the New Year. Interestingly, 78.6% of respondents believe that applicants hold all the power in the current market, with 75.6% feeling the pressure to focus on candidate experience when hiring.
Biggins added: “Certain pressures are encouraging recruiters to think outside the box when hiring; whether that’s how they define what a qualified candidate looks like, or how they measure the success of their process. With this in mind, it’s important to think about your priorities for the year ahead and the tools you can maximise to help you reach your goals.”
