All throughout 2018, we reported on the record low unemployment rates, which resulted in massive hiring challenges for employers across the nation. While artificial intelligence (AI) and automation have made recruiters lives easier, it still doesn’t make up for the fact that getting a job these days is still tough for many jobseekers.
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While we have yet to see what 2019 has in store for jobseekers and recruiters alike, one thing remains clear: technology is here to stay, so be prepared for more digital disruption. Fortunately, Reboot Digital Marketing Agency has revealed major trends that will shape the hiring landscape in 2019, as well as who it’s likely to impact, and some useful tips to succeed.
1. Data-Driven Matching Will Elevate the Way Businesses Hire
Online job sites contain a wealth of data that could be useful for hiring the correct talent; from past jobs, skills, experiences, and education. Data -driven matching which uses machine learning to sift through information will collect a smaller, smarter set of job offers which are better suited to the candidate.
Machine learning assisted matching promises to be a win-win for candidates and employers, presenting jobseekers with jobs that are most suitable, which means companies receive a smaller, but more targeted pool of applicants.
Most likely to impact: Tech-related roles in nontech industries, such as; finance, retail, and consulting. Data-driven matching will enable more traditional industries to keep up with the digital evolution.
Tip: Knowledge is power—the more information you provide about your company and the role in which you are recruiting, the better suited the candidates will be.
2. The New Era of Nontech Roles within Tech Corporations
With the tech industry booming, expect to see an evolution in tech hiring for traditional nontech job roles. Glassdoor found in 2018 that almost half (43%) of all jobs listed on the site for tech employers were nontechnical roles; needed to deliver company expansion.
This shift will likely impact company culture, pay, and benefits, making the difference between tech and nontech workplaces less significant; leading to greater competition.
Most likely to impact: According to The Knowledge Academy, accountants, auditors, marketing analysts, and customer service representatives are predicted to have more than 135,000 new job roles by 2026, indicating an increase in tech-related roles in traditional industries.
Tip: Ensuring employees are satisfied at work is key to ensure the best possible workforce. Be sure to go further than just employee benefits. Rather, adopt a holistic approach to ensure employee retention.
3. Take Two: Diversity, Inclusion, and Belonging
As diversity continues to remain an integral feature of the workplace, inclusion is the next hottest trend—guaranteeing all employees are provided promotional and networking opportunities. In turn, businesses can successfully innovate, demonstrate creativity, and display high retention rates.
Most likely to impact: The U.S. Healthcare market is expected to be the largest growing sector over the next decade with more than 1.1 million new jobs predicted. Focusing on inclusivity and diversity is essential to keeping workers happy and secure.
Tip: Diversity, inclusion, and belonging all go hand in hand. To be truly successful and sought after, you must adapt and adopt each workplace feature. One cannot necessarily work without the other.
4. Automation: The Solution to Potential Labor Shortages
Several current demographic trends point to an aging, and less work-focused population; impacting jobs, pay, and hiring in the future. Due to a falling birth rate, it is predicted that by 2035 there will be more retirees in the U.S. than children under the age of 18.
However, automation doesn’t typically replace workers, it merely helps to systemize routine tasks, allowing individuals to accomplish more in a day. Better employee training and skill building will be critical, ensuring employees are best equipped to deal with automation.
Most likely to impact: The Bureau of Labor Statistics has predicted that word processors and typists, electronic equipment installers, and motor vehicle manufacturers are among the fastest declining occupations in America and are therefore the most likely to introduce automation.
Tip: View new technology as an opportunity to expand your business and not a threat. If you can’t beat them, join them?
5. More Jobseekers and Employers Are Bracing for an Economic Slowdown:
A wave of low-interest rates, a booming tech sector, and historically low unemployment means that many younger workers have never experienced an economic recession. However, the economy is starting to fragment. Despite this, recent research conducted by Reuters indicates that the odds of a recession over the next 2 years are at about 35%; still low.
Most likely to impact: Jobs such as architects, carpenters, production advisors, and pilots were hit hard in the last financial crisis. If it were to happen again, these professions would be impacted.
Tip: Investing in employee education is key, this will ensure you are keeping up with the times and progressing alongside digital innovations.