Workforce Planning: Key Trends and Actions for Hiring Leaders in an AI material world.
#AIRecruiting #FutureOfWork #ExecutiveHiring #WorkforcePlanning
It’s clear that the future of hiring is being shaped by rapid shifts in tech, evolving workplace dynamics, and economic uncertainty. Yet, the outlook for executive-level positions remains strong, with millions of jobs expected to be added in the coming years.
5 key trends reshaping the workforce landscape and how we can adapt:
· Older Workers Staying Longer: Contrary to the “silver tsunami” predictions of 2018, 22% of workers over 65 are staying in the workforce for a multitude of business & personal reasons.
· Multigenerational Workforce: With Baby Boomers, Millennials, and Gen Z working side by side, companies fostering DEI initiatives continue to thrive.
· Skills-Based Hiring: Skills-based hiring and relevant experience prioritization have grown substantially. Evaluating not only what individuals can bring to the job now, but also how they can help to evolve the role over time will help with hiring success and retention.
· Data-Driven Recruitment: AI is revolutionizing recruitment, from automating job descriptions to prescreening candidates. However, savvy employers know this technology is only an asset in combination with skilled talent acquisition leaders.
· Focus on Employee Well-Being: Candidates will continue to place a premium on companies that prioritize the mental health and work-life balance of all workers (including executives).
What can hiring leaders do to remain on top?
· Plan Ahead: Take an inventory of your hiring needs & must-have skills for the next year. Kick off the recruiting process for critical roles now because even though the labor pool may be larger, niche talent is still in VERY high demand and time to fill may be longer than expected.
· Be Specific: Beyond skills, consider how to attract self-starters who are hungry to learn and embrace a changing workplace and diverse workforce.
· Audit Your Company: Before you begin recruiting, evaluate your company’s unique selling points, wow factors, and employee investments—what makes it stand out to candidates?
· Refresh Your Approach: Move beyond the traditional “post and pray” methods. Be creative and look for talent in unexpected and potentially untapped places.