Monthly Archives

October 2019

recruiting facts

10 Recruiting Facts that will make you Rethink the Whole Hiring Strategy

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Here’s a look at the recruiting facts we gathered that could make a difference in the way you approach your hiring strategy.

1. The healthcare insurance is the top benefit used to attract talent with 92% of employers stating they offer it.
2. 79% of employers say candidate experience is “extremely” or “very important” in their recruiting process.
3. The best practice for a memorable candidate experience is constantly communicating with candidates at every step of the process (voted by 72% of respondents).
4. 58% of employers have the best chances of finding entry-level workers, followed by 46% who have success in recruiting mid-level talent and 43% who are successful in finding professional talent.
5. 78% of respondents said they post jobs on their company website, while 72% used job boards like Monster or CareerBuilder.
6. Online recruiting strategies have gained popularity in the last few years, and as a result, 69% of employers say 50% to 100% of the jobs are filled by online applicants.
7. 62% say the biggest “pro” to online recruiting is a tie between increased exposure to a wider candidate pool and ease of use.
8. 71% say the biggest “con” to online recruiting is that it results in too many unqualified candidates.
9. For the 22% of respondents who say they do negotiate benefits with candidates, the top benefit to negotiate is: Paid time off (PTO), the amount of vacation, sick, and/or personal leave (69%)
10. Only 27% of respondents keep track of the “cost per hire” metric.

Create a hiring strategy based on recruiting facts, trends, and data that’s already validated in the talent market. You will see results in a short time.

Get in touch with SourceMatch to speak about how we partner with organizations to help them identify and recruit the best talent. Having a tailored recruiting solution can dramatically decrease your cost per hire!

effective outsourcing

How Effective Outsourcing can Change the HR department

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Benefits of Effective Outsourcing

To effectively outsource, companies must see the value of outsourcing. Outsourcing saves companies money, time, and labor expenses. By cutting costs, companies can better prepare for organizational restructures and their allotment of resources. This creates an increased efficiency within your workforce. By opening up internal resources, your company can work more effectively. In regards to HR outsourcing, companies can stay competitive by outsourcing HR tasks as this allows for a cost-effective solution. Some companies outsource HR because of benefits such as software as a service, payroll, applicant tracking, and employee training. The outsourcing provider is responsible for the upgrades and marketplace demands that may arise. After you join a partnership with SourceMatch, your company can refocus on in-house resources that make you profitable, without sacrificing quality or service. You will also receive staffing flexibility and continuity within risk management.

Benefits of HR Outsourcing

Businesses with effective HR strategies typically have better working environments and higher morale, which can increase employee retention and lower turnover costs (The Balance). Doing this, gives businesses an edge over competitors while keeping employees happy. Other benefits of outsourcing HR services include: handling the recruitment of new employees or contract workers, advertising, interviewing, background checks, dealing with disciplinary issues, managing employee safety, providing counseling to employees, limiting your business liability, keeping you on top of compliance and regulations, and arranging benefits to employees.

Outsourcing Company Expectations

To find the best outsourcing company for your needs, you need to have access to a results-driven and reliable company, with proven skills in HR. SourceMatch offers over 25 years of experience helping clients discover new areas for growth, effective project management, and recruiting. As times change and the workforce does as well, you will need to adjust company expectations as well as your HR department; to keep up with current and future trends. SourceMatch can handle your HR outsourcing needs by keeping up with regulatory compliance, employee payroll, applicant tracking, interviews, in-depth assessments, and employee training.

Types of HR Outsourcing

You will want to find an outsourcing company that can offer benefit services, consulting, renewal management, and HR administration. You are signing on with an experienced company or partner, who will handle the HR responsibilities and your talent. You will need to connect with SourceMatch to balance what you can obtain and what your company needs currently are.

When to Outsource HR?

When you notice any red flags or a series of events that can disrupt your company’s daily functions, then it is a good idea to invest in outsourcing HR services. Has your company been through several changes in its payroll system? Is your company’s management team finding HR too complex? Are you up to date on all legal changes? With the savings your company receives from outsourcing HR, you can better manage current staff and growth. Outsourcing HR allows for SourceMatch to focus on HR related information that your company may not have the time for. Your company can focus on the larger picture, rather than areas of maintenance. This creates time and money to focus more on your staff and company growth.

Talent Mapping Company

Talent mapping has become a vital resource to use in talent acquisition and retention. This method assesses current employees’ performance and matches that with the organization’s needs. It helps with future recruitment and future job needs. The main goal of talent mapping is planning for the future. Some benefits include: reducing the time of hiring, strategic talent development, inclusive employee engagement, and boosting employee morale. By partnering with SourceMatch, your company gains access to our specialized team of talent mappers and project managers. We specialize in HR talent mapping, to support our clients and their employees’ best interests.

RPO (Recruitment Process Outsourcing)

Recruitment process outsourcing is a form of process outsourcing, where an employer transfers all or part of its recruitment processes to an external service provider. By utilizing the resources of an RPO partner, companies discover more effective ways to gain and retain employees. RPO’s specialize in recruiting and retention along with an up to date knowledge of this ever-changing, competitive field. SourceMatch stays up to date and is a valuable asset for a company’s RPO challenges.

Business Process Outsourcing

BPO (Business Process Outsourcing) is a subset of outsourcing that involves the contracting of the operations and responsibilities of a specific business process to a third-party service provider. This includes internal business functions such as human resources or finance, marketing, social media, accounting, front office, customer relations, and call center services. Due to SourceMatch’s locations (Europe and USA), we can provide our clients BPO successfully, and at a reduced cost. This allows our clients to save on expenses, concentrate on key functions, achieve results in noncore functions, expand their global presence, flexibility, and efficiency.

Positive Changes to the HR Department

How is your company culture? Have you noticed a benevolent attitude or does it seem to be going down a toxic route? A toxic work culture can lead to high turnover and poor employee motivation. The HR department can learn how to be a positive influence on your work culture by partnering with SourceMatch and letting us guide your team into positive work experience. SourceMatch can provide HR consulting services and find the right talent for a positive cultural match. We do this by training your HR team to develop the skills necessary that can identify employee norms and key behaviors for the management team to recognize. By creating a positive company culture, the results are higher productivity, increased employee engagement, and lower attrition rates.

Contact us to find out more about our HR outsourcing strategies, we would be happy to successfully identify areas that your company can excel in.

talent mapping

Talent Mapping is Essential to Effective Recruiting

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Why It’s Important
Talent mapping is a helpful strategy for companies to use, to better align short and long term goals. By using talent mapping, companies assess, evaluate, and review their current staff, to better prepare for the future. This technique, charts individuals’ skills, and abilities, vets their performance and potential and matches them with workforce planning strategies to balance an organization’s talent and needs. Talent mapping can enable an organization to determine strategies for future hiring, including internal promotions, short- and long-term hiring needs, and development of existing talent to meet future staffing needs.
It is a proactive approach for employee planning, both in the short and long term.

Planning Ahead
By planning ahead, companies create a culture of security for employees as well as stakeholders. If plan A doesn’t pan out, then plan B might be the better choice. This gives employees and management a safety net, in regards to future options. As the quote says “if you don’t know where you are going, any path will get you there.” Having a plan better prepares everyone for special circumstances that may arise, creating a more secure stance towards problem-solving.

Important Goals and Input From Employees
Companies must communicate short and long term goals with employees. These goals include specific, measurable, attainable, relevant, and timely; or S.M.A.R.T goals. Employees need to know how to stay on track and achieve milestones, which increases motivation. Company goals should be realistic and attainable. To reinforce goals, companies must allow and give all employees a voice for input. Gaining employee input can increase the sense of ownership and satisfaction in their roles in the company

Short Term Employee Goals
Training staff in the short term requires knowing your staff’s strengths and areas for growth. It’s highly recommended to focus on their strengths and allow employee input, into areas for their training and how they would like to obtain their short term goals. Short term could be a week or a month but would focus on what goals he or she would like to accomplish during that time, and in what capacity the employer can offer assistance.

Short Term Company Goals
What are your company’s short term goals? Are there any special projects coming up? Where will your company’s needs be, in order to fill in any gaps for short term projects? Are you set up for success with short term projects? Where does your company need assistance or shifting of roles for any of these projects? This could be in regards to a new client. You will need a plan and employee assistance with any new projects.

Medium Term
Where do your employees see themselves in the medium term? What strengths and goals do they have or how do they want to learn and grow? Are you utilizing all of your talent accordingly? By discussing goals with employees, and mapping a plan, you can create a culture of growth. You can also assess any gaps that may arise. If employee A wants to learn more about accounting, and employee B wants to learn more about marketing, you may notice a gap, that they leave behind. Do you have employees who want to fill those gaps? You will need assistance in filling in those gaps; SourceMatch specializes in talent mapping and consulting.

Long Term
What are your company’s long term goals? What do you foresee in regards to upcoming projects in the next 6 months to a year or beyond? What do your stakeholders expect to see during that time? You will need to plan and to fill any gaps in jobs, either using current employees or recruiting new ones. Discussing long term goals with employees, better prepares your company for any future vacancies or promotions. With this discussion of personal and professional goals, you motivate employees and provide positive reinforcement to the company’s value system or culture. By having a company-wide discussion and allowing employee input, this will boost confidence and allow for employees and employers to stay continuously up to date with any corporate changes.

Finding the Gaps
To find the short and long term gaps, companies need to create or have a plan. You can reach out to consultants such as SourceMatch, to better assist in this process. We have refined the talent mapping approach, to better serve our clients. The benefits of this are many. Companies who utilize this plan find that they save money, time, and resources. When an employee changes a position or gets promoted, you will have a new spot to fill. This happens quite often and causes a disturbance in daily operations. You can decrease the impact this may have, by consulting with our staff for solutions.

Benefits
To find and fill in the gaps, we plan accordingly. Using talent mapping, we find and fill in the present and future open positions. By consulting with employees, companies can verify gaps using a map-based system, based on employee strengths and goals. This requires input from your staff and managers, as well as constant feedback and open communication. Some employees may discover they prefer a certain job duty over others or might be more skilled in one area vs. another.

Attainable Company Goals
Companies need to have and share attainable goals, with employees. Companies make goals with management and operations, but they should also create goals with entry-level employees as well. This allows for employee retention and motivates employees to achieve goals within the company as well as achieve their own personal and professional goals. By setting your company goals to be attainable, you inform and inspire your staff to stay on board.
This takes engaging your employees to help reach the company’s destination, where employees will take appropriate risks and act in the best interest of the organization. You will need to clearly define the company goals, measure those, and provide metrics that are relatable. For example, you can share goals for improving customer service or satisfaction, retention, response time, new product ideas, or allow time for improvement ideas that employees may have. You will also want to set your employees up for success, based on these goals. You will do this by providing clarity, appropriate resources, information, skills, motivation, and training. Managers will also need to give plenty of feedback and recognition. Things like this can get lost in the day to day workings, but if you acknowledge efforts, you will have a motivated employee. Take and listen to what your employees say, monitor it, and adhere to the organization’s values for performance. You can create a level of trust and support, which can guide and grow your company. Utilizing this style of engagement and talent mapping, will create a successful atmosphere and work culture, for your organization.

Conclusion
Today’s workplace is continuously changing. By utilizing and staying up to date with your talent map, your workplace can obtain goals, both professional and personal, to guide and prepare for the next steps.

Reach out to us to learn more.

talent engagement

Talent Engagement in 2019

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Is the talent acquisition organization’s mindset shifting? Yes, it is!
A recent report from Beamery reveals that 90% of respondents state that talent engagement is a priority of their organization in 2019; and recruiters are relying more on building and nurturing relationships with talent, as opposed to reacting to explicit needs.

Along with the rise of candidates’ expectations, teams became more specialized and 86% of them already have or planned to build out at least one new specialized unit this year. 39% of them use a CRM, a recruitment marketing tool, or a talent engagement platform. This is up from 26% in 2018. This, in turn, helps nurture and build relationships with candidates.
“Innovation in Talent is becoming a core strategic priority for companies looking to create and retain a competitive advantage. The talent acquisition function has been maturing to become more proactive, with businesses seeking to build meaningful relationships with potential candidates and treat them like valued customers,” agrees Abakar Saidov, the Co-Founder and CEO of Beamery.

Why does your company prioritize talent engagement?
72% of respondents from the same report said that it creates a pipeline of high-quality talent
50% believe that it helps improve the employer brand
49% of respondents say that it enables the talent acquisition team to be more strategic
46% – It improves the candidate experience
25% – It’s part of a board-level or business-wide initiative

Candidates now have higher expectations: 72% of candidates who have had a bad experience have shared it (Workplace Trends), and 85% of candidates say they won’t consider a company again after a bad experience (Jobvite). Therefore, the recruiting function of organizations and talent teams’ responsibilities changed: 73% of recruiters state that the Talent Acquisition organization has gained a place in business executive decisions in the past 5 years.

The proactive approach to recruiting
This year, 84% of talent acquisition teams source proactively, only slightly higher compared to 83% last year. And for good reason: 94% of recruiters are convinced that engaged candidates are more likely to apply, and 80% of them see that the quality of their hires has increased as a result of having pipelines in place.
The first step in this new era of recruiting is to have a deeper understanding of what talent engagement is and find ways to create a solid and meaningful relationship with the candidate.

Let us help you do what we know best!

Social media in recruitment

Social Media in Recruitment

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Social media in recruitment – a game-changer

A study from Jobvite, with 800 recruiters as participants, revealed that the majority of respondents (67 percent) said their biggest challenge in hiring is the lack of skilled, high-quality candidates.

“With more open jobs than people to fill them and the market at near full employment, recruiters are finding new ways to reach candidates where they are—whether that’s on Instagram or via text. They’re re-evaluating what success looks like, with quality hires and retention rates becoming a higher priority than time- and cost-per-hire.”, according to the same study.

This is when recruiters get creative using social media to reach out to candidates rather than traditional websites like job boards.
The most used channel for recruitment efforts is LinkedIn— with 77% taking advantage — followed by Facebook with (63%). However, the number decreased in the last few years: for example in 2017, 92% of recruiters have used LinkedIn, compared to this year.

What about Instagram? Its popularity with job seekers has caused an increased use among recruiters — now, a quarter of recruiters are investing in recruiting efforts on Instagram, especially millennial recruiters (35%) and those working at technology companies (63%) — double the number than in 2017.
Social media recruiting can save time and money by targeting people who are qualified for the position. Using social media when hiring, creates a better position to accommodate clients’ urgent requests.

Different generation needs

While the number of smartphones grows, mobile-optimized job adverts and career pages matter even more and become a factor when job seekers pursue an active search. Companies respond with digital marketing strategies, create content that is mobile-friendly, work with streamlined user experience, and shorten application processes, which all translates into extensive mobile-recruiting efforts.
A study from the Aberdeen Group showed that 73 percent of millennials (18-34 age group) found their last position through a social media platform.

  • To use social media when hiring, in an effective way, you can do the following:
  • Use industry-specific hashtags to help identify top talent in the field.
  • Involve employees in the recruitment process but make sure you have a corporate social media policy beforehand.
  • Use video content. Video content on social media gets 1200% more shares than text and image content, and 87% of mobile traffic will be video by 2021
  • Connect with the Right People. Keep your profiles industry-specific and establish connections with industry leaders, experts in the field and people who have a niche specialization. This requires personalized messages and a lot of time and effort; however, chances grow to connect with potentially employable, experienced professionals.

There is a better way to recruiting. Reach out to us to learn more!