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AI video interview platform HireVue recently released a report on the state of talent experience for 2022. Their Global Trends report surveyed 1,600 talent leaders across industries like finance, retail, healthcare and tech.
The overarching trends from the report showed a lack of qualified candidates, as well as issues with hiring times and shifting qualifications to accommodate the change in the workforce. Here are three findings that the report identified as the top trends for the state of hiring for 2022.
No, you’re not imagining things: time to fill open positions has increased across the board. Despite the ongoing “Great Resignation,” 40% of respondents identified a lack of qualified talent as the biggest barrier to hiring top talent. The lack of qualified candidates also means longer hiring times as they search for the right-fit candidate.
In 2021, 15% of respondents reported taking 1-2 weeks to fill positions – this year, half as many respondents reported filling roles in that amount of time. What’s more, 8% of respondents reported taking 3 or more months to fill a role last year. In 2022, that number increased by nearly half.
What you can do:
2022 has seen a shift in using digital technologies in the hiring process – instead of going all-in on digital, hiring teams are using a blended approach with both in-person and digital tools. Hiring leaders reported using technology such as standardized assessments (59%), AI (41%) and chatbots (40%).
Three out of four respondents (77%) reported using virtual interviews at some level, with 20% relying solely on virtual interviews to hire talent. Over half of respondents also reported seeing greater flexibility all around and time savings benefits from changes to interviewing.
55% of respondents reported a turnover rate that’s higher than it was last year, with education, healthcare and construction sectors seeing the highest amount of turnover. Some strategies that respondents used to increase retention include:
Respondents with lower turnover rates were more likely to add benefits such as culture events and tuition reimbursement, while employers with higher turnover rates reported using compensation as their top strategy to improve retention.
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HRMorning, part of the SuccessFuel Network, provides the latest HR and employment law news for HR professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, HRMorning delivers actionable insights, helping HR execs understand what HR trends mean to their business.
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