What is loss aversion, you ask? Well, let’s get right into it. We’ll start with this article from Harvard Business Review, which discusses both loss aversion and conformity. The latter term you probably understand at work — it’s why new ideas are stunningly rare. But as for “loss aversion,” well, let’s get into that.
Humans have a negativity bias, which is logical. Most of our thoughts in a given day are negative. But in this context, “negativity bias” means our fear of losing usually outstrips our potential thrill from winning.
More information: https://recruitingdaily.com/is-loss-aversion-killing-your-recruiting/
Technical tests; a common part of the interview process for many companies, but are they adding value to your process or deterring top talent from applying to your roles?
Do they provide employers with the insight they need? Do they enhance the interview experience for the candidate? We’ve weighed up the pros and cons of this interview tool to figure out if tech tests are all they’re cracked up to be.
More information: https://recruitingblogs.com/profiles/blogs/technical-tests-a-valuable-interview-tool-or-a-talent-deterrent-1
Getting the perfect bank of candidates to interview for a role is a science that takes a lot of mastering. There are so many factors that take in deciding who to interview, that numbers are a almost a little irrelevant.
Do all suitable candidates deserve an interview?
The answer is probably yes, however operationally for your business this isn’t the most practical decision.
More information: https://www.recruitmentrevolution.com/blog/2018/10/why-you-shouldnt-aim-for-a-perfect-number-of-candidates-when-hiring
Why do companies turn to recruitment agencies?
In today’s highly competitive, candidate-driven job market, finding and hiring the ideal job candidate is quite hard. This is why many companies turn to recruitment agencies to help them recruit the right people for their open job positions.
Should you do the same? How can a recruitment agency help you fill your open job positions?
More information: https://recruitingblogs.com/profiles/blogs/4-good-reasons-to-use-a-recruitment-agency
Most information regarding the difficulties of recruitment nowadays seem to focus solely on trends and the challenges of tech and sourcing but not what could primarily be considered the most important aspect of recruiting; candidate interest. Ask any in-house HR professional and they will say capturing and piquing a potentially strong candidate’s interest is key to any on-boarding process.
More information: https://recruitingblogs.com/profiles/blogs/stoking-candidate-interest-an-often-overlooked-aspect-of
To some businesses, employee benefits are perceived as an added extra instead of an essential.
In fact, according to research, 26% of UK employees don’t receive any employee benefits at all.
Yet, this fact is even more staggering when further studies discovered that more than a third of employees class company benefits as one of the biggest factors they consider before accepting a new job.
More information: https://www.coburgbanks.co.uk/blog/staff-retention/what-work-perks-do-employees-really-want/
Making the jump to start your own recruitment agency or push your business through to the next growth phase takes guts. But one mistake a lot of us make is to underestimate the important role that timing can play in determining whether your risk pays off.
Let’s take a look at some indicators that say 2018 could be your year!
More information: https://blog.firefishsoftware.com/time-to-grow-your-own-recruitment-agency
Some firms seem to achieve success after success with a stable team, while others experience a lot of disruptive staff turnover. If your company is in the latter category, you might struggle to find staff who match your firm’s culture or technical needs. This could result in them rapidly exiting and being replaced by someone else.
If you suspect that poor hiring is partly driving your own company’s high employee turnover, it’s time to assess why you may not be attracting the best people. Below are a few possibilities.
More information: https://www.webrecruit.co.uk/blog/recruitment-insights/are-your-recruitment-efforts-coughing-and-spluttering-here-are-5-possible-reasons-why/
The advent of technology and changing demographics are forcing significant differences in the way organizations hired and managed their talent in the past. CHROs, recruiters and every HR practitioner must adapt to these changes and bring a new order to talent management. They must give due importance to the changing times and keep an eye on the best practices to implement them in their organizations. This is the only way to build an HR policy that is disruptive and meets the demand of the future.
More information: https://www.naukrirms.com/disruptive-hr-practices-in-2018-what-is-changing-for-hr/
Are your candidates accepting other job offers while you’re still in the process of interviewing them? Maybe you should review your hiring methods and understand if the lengthy, tedious process is the reason you’re your top notch candidates are slipping away.
Slow hiring processes and delay in making a hiring decision have a huge adverse impact to businesses.
More information: https://antalnetworksindia.wordpress.com/2018/06/04/how-your-hiring-process-is-driving-away-top-talent/