In recent years, the hiring world has seen a massive transformation, from the pandemic, where we saw the adaptation of remote interviews, to artificial intelligence, where AI interview software became the new thing. Against this backdrop, the spotlight has shifted towards HR tech. 52% of organizations plan to increase their spending on HR tech. But along with positive changes come some hiring challenges as well.
From technological advancements to shifting candidate expectations, the recruitment process has evolved significantly, presenting opportunities and obstacles. There will be a few significant challenges faced by recruiters in 2024. Let’s delve into this and see if we can find any solutions.
Hiring Challenges Faced by Recruiters in 2024
As we are all aware, hiring is not a cakewalk, and it takes a lot of effort and time to find the best talent among a pile of applicants. However, with technological advancements, this process has become a bit easier for recruiters. Let’s take a look at some of the challenges that recruiters are facing and their best possible solutions:
Shortage of Talent
In today’s competitive market, the major problem that recruiters are facing is talent shortage. According to a study by Manpower Group, 75% of employers globally report difficulty finding the talent they need. This is an increase from last year. However, with the right resources and strategies, this problem can be solved.
Focusing on employer branding and maintaining a positive workplace can bring many changes. But 60% of candidates leave the interview process in between because either it’s lengthy or inconvenient. So, an interview-as-a-service platform can help recruiters make their hiring process smoother and more effective. Such platforms provide industry experts who can interview across various industries.
Time-Zone Scheduling Challenges
Scheduling interviews with time-zone differences is one of the major challenges that HRs have been facing for quite some time now. A lot of the time, the candidates aren’t available or the interviewer, which results in a loss of talent. As every problem has a solution, similarly, this problem can also be solved.
Using AI video interview softwares can make a huge difference in mitigating this issue. Many recruiters cannot access global talent due to time zone differences and the unavailability of interviewers and candidates. AI interviews allow candidates and interviewers the flexibility to conduct and assess interviews at their convenience. Therefore, candidates from all across the world can give interviews, thus allowing companies to hire global talent.
Reaching Out to Passive Candidates
Due to high demand and less supply, targeting passive candidates will be challenging in 2024. Recruiters will find it difficult to hire for senior and executive positions. Identifying and engaging individuals who are not actively seeking jobs poses a prominent challenge. Let’s see how we can tackle this issue.
A recent study by Achievers estimates that passive candidates account for 39% of the talent pool. To attract such talent, it is essential for recruiters to leverage social media, job boards, and databases. Candidate interaction is the key to hiring a passive employee. Cold calling and emails are a great way to engage with such prospects.
The average time to hire globally is 36 days, whereas in the US, it’s 42 days. In a market where there is an existing shortage of talent, delayed time-to-hire can affect the hiring process poorly. In the coming year, this problem is only going to rise, and serious steps should be taken to overcome it.
Using AI video interview software will be your best bet in fast-tracking the interview process. By using InCruiter’s AI interview software, hiring professionals can reduce their time-to-hire by 75%. By leveraging AI technology, this software allows recruiters and candidates to give and assess interviews at their convenience. This not only saves time but also promotes a positive candidate experience.
Building a Robust Employer Brand
75% of job seekers consider a brand reputation even before applying for the job. A delayed or unprofessional interview process can lead to a negative brand reputation. In order to boost employer branding, recruiters must ensure that candidates receive a positive recruitment experience, regardless of whether they are ultimately hired or not.
To provide a positive candidate experience, companies should have a streamlined hiring process. Using automated tools like an interview scheduling tool or a robust video interview software will help you do that. Along with this, regular feedback from existing employees will also help to understand the areas that need improvement.
Recruiters can undergo a lot of challenges even though the market is at its peak. This can be caused by several reasons, like market change, emerging trends, or political and economic changes. However, overcoming these challenges in 2024 becomes crucial for HRs to maintain their hiring process.
These hiring challenges can be resolved by investing in recruitment tools and technology like video interview software, interview scheduling tools, or AI interview software. Companies should train their hiring team to make the process easy and effective.
FAQs (Frequently Asked Questions)
Ans: AI interview software is a modern-day hiring technology that utilizes artificial intelligence to streamline and enhance various aspects of the interview process.
Ans: Some of the common hiring challenges that recruiters face are shortage of talent, increased time-to-hire, interview scheduling challenges across time zones, reaching out to passive candidates, costly recruitment process etc.
Ans: Yes, interview outsourcing companies can reduce up to 75% of hiring time and makes the process faster and effective.