Top Challenges for Human Capital Management in 2020
Along with mounting global issues such as climate change, population growth, and food shortages, employment prospects don’t seem to be getting any better either. The problem lies in inherent hiring challenges that recruitment companies face.
Statistics from 2019 show that 67 percent of recruiters complained about encountering a pool of unskilled, inexperienced or untrained applicants. A lack of high-quality applications is a major bottleneck in finding qualified employees.
This has delayed response times for confirmations and rejections, and consequently, has led to begrudging applicants. 95 percent of respondents were demoralized by lack of responsiveness on an employer’s part, further distancing deserving candidates from landing ideal jobs.
Here are some HR-related problems that employers will face in 2020.
Finding the Right Match
Building on the problems described above, it’s not about a lack of talent. Alongside, the motivation to work and seize opportunities willingly is a rare quality. This is why recruiters are now skewing toward older-age brackets and experienced veterans because younger applicants have become impossible to appease.
Employers have also expanded their search to non-traditional employees such as remote workers and gig workers to fill in positions. This is a tactic that enables companies to meet their talent-acquisition criteria.
Accounting for Generational Needs
Apart from loading job offers with size able benefits, employers now have to account for generational trends and tailor their approach to different demographics. Standard benefits such as medical insurance and leave policies will no longer attract millennials and Gen-Z. Similarly, veterans and seniors will no longer be swayed by vacation funds and gym memberships.
They are more likely to gravitate toward heftier medical allowances, whereas younger applicants are more likely to need daycare facilities and travel grants. Hence, a great challenge for employers and recruiters this year is to balance attractive benefits with employee expectations.
Making the Workplace Environment Conducive For All
Recruiters now receive applications from people who come from diverse ethnic backgrounds, sexual orientations, and gender identities.
Although these qualities make employees unique, they can also pose a challenge for employers. Employers need to make sure that the work environment is conducive to the happiness of every employee, no matter who they are and where they come from. Since these markers of identity are an important part of every employee, a failure to professionally account for their subsequent needs can look unfavorable on the recruitment front.
Recruiters now have to tailor their pitch to each group while maintaining neutrality, and that’s a skill we have yet to master.
Posted by: Mitchell Riley
OPS Staffing | + 1 (888) 482-6019