Companies looking to increase or replace staff this year should be aware of key trends that are already impacting the hiring landscape in meaningful ways. In order to be competitive in hiring qualified candidates, companies should give serious consideration to embracing these trends.
Remote working arrangements
Working from remote offices or telecommuting is certainly not a new concept, but it's one that continued to gain traction throughout 2016 with employers across the spectrum. All indications point to continued interest in, and employee demand for, flexible and remote office accommodations. Remote work arrangements can work well in many accounting and finance positions, legal and compliance roles, information technology jobs as well as corporate support roles.
Employees want to be able to exert some control over their work environment, and being able to have a say in the "where" and "when" aspects of the job can be enormously empowering for staff. The opportunity to work remotely some, or all, of the time leads to increased work-life balance which can, in turn, lead to increased productivity.
With advances in technology occurring frequently, an employee working remotely today can be much more, and much more easily, connected with their employer than was the case with remote workers a decade ago. Cloud storage, video conferencing and other collaboration tools all help bolster the case for allowing staff to skip the commute while being productive from their homes. When you factor in the company's potential savings from a decreased need for office real estate, it's easy to see why remote working arrangements are continuing to grow in popularity.
Remember that some companies may be more ahead of the curve than your company when it comes to remote officing. This means when you're competing for qualified talent, you need to consider how to convince the candidate that your company is the one to choose. As an employer, consider how you can "market" your employee-friendly options, such as remote working arrangements, to potential candidates.
Transitioning roles held by retiring employees
In an Insured Retirement Institute study, 10,000 baby boomers will retire every day for the next ten years. That's an awe-inspiring statistic, and very few employers will be immune from having to fill roles held by long-tenured employees with decades of experience and knowledge.
Filling those positions with younger generations will require companies to plan adequately, but will also require an awareness of how generational dynamics can impact the workplace in the months and years following a retirement and subsequent hire.
One potential source of candidates to fill openings left by retiring personnel is so-called "boomerang employees." Boomerang employees are those who previously worked at your company, left voluntarily, and are now looking for a change in employer again. There is some evidence that the number of boomerang employees is on the rise. One benefit of courting this group of candidates is that they know your company and will require less training to get back up to speed. Many companies have had success with using social media channels to communicate with firm alumni, as it can be a way to stay connected and keep your company on your former employees' minds.
In most organizations, it's simply not enough anymore to adhere to a strict in-office workplace policy, or to wait to plan for job transitions until an employee's last day is just days away.
To remain competitive with hiring staff in 2017, organizations need to adapt to the changing landscape. That means exploring what types of roles in the company lend themselves well to potential remote working arrangements, implementing formal programs to adopt that flexibility, and marketing the fact that you're an employee-friendly workplace.
Just as important, companies across sectors and industries need to begin planning now for effective and seamless transitions already on the horizon because of employees' upcoming retirements. Spend time now mapping what an effective transition plan will look like so you have time to make the most appropriate hiring decisions.