A study by the World Economic Forum of nearly 200 growth companies around the world found that more than 55% of them have experienced talent challenges ahead of other factors such as regulation and technology. The study clearly emphasizes that talent is a global challenge.
HR and talent acquisition professionals have known for some time that having the right talent is critical to the success of a business. Here are a few solutions to make sure you’re well-positioned to deal with the future of talent acquisition.
1. Select and organize work environments: People want a workplace that supports their lifestyle. That might mean offering flexible schedules or working remotely. Employers must audit those aspects of their culture that are critical to their brand. If certain things such as telecommuting, flextime, or other such benefits are not a fit, then clear expectations should be provided.
2. Emerging Technology: Augmented and artificial intelligence (AI) are leading disruption technologies that will affect how people connect with work. Soft skills will be as important as hard ones, especially in the areas of creativity, data analysis, problem-solving, and innovation. Employers will need to revisit their hiring practices to find candidates who excel in these areas.
3. Put the “Human” Back in HR: In today’s hyper-accelerated job market, preconceived notions about retirement, use of technology, and work preferences are going by the wayside. Being prepared for the future of the job market will affect how your organization handles the pace of change management, sources and recruits team members, and nurtures workplace collaboration. It will be imperative to keep talent’s perspective in mind, since it will impact engagement, culture, and, by extension, profits.
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