Hiring and keeping the best talent is becoming increasingly difficult. In complex industries such as digital, where employers are faced with a shortage of skilled candidates, made worse by greater workforce mobility, the job market has become a buyer’s market.
With a company only as good as its strongest staff, the pressure to secure the best team is on.
In Deloitte’s Global Human Capital Trends 2015 study, which looked at the most important recruitment issues facing global businesses today, 87% of business leaders cited “retention, engagement, and culture” as their top priority.
According to LinkedIn’s Global Recruiting Trends 2016 report, the top focus for small and medium sized businesses (SMBs) in 2016 is improving the quality of hire and adequately tracking performance.
One of the most important statistics in recruitment, many hiring managers struggle to find the right metrics for measuring engagement and retention, often lacking confidence in how they evaluate quality of hire.
In LinkedIn’s fifth annual report, 39% of SMBs agreed that quality of hire is the most valuable metric for overall business success, with 50% measuring quality of hire through feedback methodologies, such as new hire evaluations, and 49% measuring with long-term methodologies, such as turnover or retention statistics.
Whether gauging success using the methods mentioned above or through hiring manager satisfaction, a method which 43% of SMBs also use, it’s clear that businesses need assistance sourcing key talent that will have a lasting effect on the company.
How can businesses improve their quality of hire?
Deloitte’s research shows that organisations that create a culture defined by “meaningful work, deep employee engagement, job and organisational fit, and strong leadership” are outperforming their peers and will likely beat their competition in attracting top talent.
Working in partnership with a specialist digital recruiter, employers can make strategic hires to create the right culture while future-proofing the digital needs of their business.
From talent mapping and pipelining through to organisational consultancy, a specialist digital recruiter will help to find the right candidate for the role to ensure all employees welcomed into the business are committed to building their careers within the organisation.
To speak to a digital recruitment specialist about your next 2016 hire, contact Digital People today.