The tip of the COVID-19 disaster is close to, and whereas it’s not over but, employers are getting ready for its eventual finish by growing head counts. Nonetheless, as a result of excessive unemployment price, recruiters and hiring managers should now brace themselves for the inflow of job purposes and résumés as jobseekers start making use of to corporations en masse.
In the event you’re available in the market for brand new expertise, you’re not alone! A brand new report launched by iCIMS, a expertise options cloud firm, discovered over 90% of employers report they’re hiring for brand new roles this yr as they proceed to reply, recuperate, and readapt within the new world of labor. iCIMS additionally studies that the overwhelming majority (97%) of employers are planning to put money into expertise enlargement to accommodate digital hiring wants and attain evolving expertise acquisition targets.
The 2021 Workforce Report highlights how companies are responding to distant work and digital hiring; accelerating digital transformation initiatives; enhancing crew collaboration; and specializing in range, fairness, and inclusion (DEI) packages.
Identical Tendencies, New Challenges
Some key findings from iCIMS’s newest report embrace:
- Hiring is rebounding. On the shut of 2020, there have been constructive indicators of a restoration, with total job openings down simply 3%, hires down 10%, and 91% of employers stating they’re hiring for brand new roles this yr.
- Various workforces achieve momentum, however HR leaders are involved. Enterprise leaders are reassessing their DEI initiatives. Various hiring exercise led the rebound, with ladies in underrepresented racial and ethnic teams making up the most important proportion of hires in 2020 at 30%, but 84% of HR professionals are involved that their group’s present recruiting and hiring instruments aren’t reaching numerous expertise swimming pools.
- The workforce is shifting. The workforce composition continues to evolve, as 72% of employers have redeployed as much as half of their staff, and almost 60% plan to depend on contingent hires this yr.
COVID-19 Has Endlessly Modified Employment
Along with uncovering the findings talked about above, the iCIMS report additionally showcases some new traits brough on by the coronavirus pandemic.
- Distant work is right here to remain. The pandemic created an elevated alternative for distant work. This pattern is right here to remain, with 50% of organizations loosening or eradicating location necessities for brand new roles and offering stipends for dwelling workplace setups. Not surprisingly, almost one in 4 purposes submitted in 2020 got here from an out-of-state applicant.
- Hiring goes digital. Eighty p.c of organizations expanded or accelerated digital transformation plans, with many upgrading their tech stack to accommodate digital hiring. Interviews arrange by chatbots greater than tripled, and a couple of.7 million folks used textual content messaging to use to a job in 2020.
- Collaboration is essential. Practically 90% of organizations began utilizing a brand new collaboration device, like Microsoft Groups, to extend effectivity and communication amongst staff and higher combine duties like hiring into their circulation of labor.
“The lack of jobs in 2020 was substantial, however we see many promising labor market traits in our platform as employers rebuild and rework the way in which we work,” says Steve Lucas, CEO of iCIMS, in a press release. “The 2021 Workforce Report faucets into rising traits and supplies enterprise leaders with the data-fueled insights they should inform smarter hiring and enterprise selections, spark innovation, develop a brand new normal for the office, and construct a profitable workforce for the longer term.”
The report brings collectively traits from the 332 million+ world customers of the iCIMS Expertise Cloud with insights from a third-party survey of HR leaders to offer a complete view of the labor market in 2020 and a forward-looking outlook. View the total report here.