December Jobs Report Obliterates Expectations

This won’t make recruiting any easier! Great news for candidates both in demand for talent and higher wages.

The economy added 312,000 jobs last month, skyrocketing past economists’ prediction of fewer than 180,000 new jobs for December 2018.

What about wages you ask? Wages tied October ’18 with the highest monthly gain since 2009! Wages in December grew 3.2% YoY

Unemployment ticked up to 3.9%, but that is actually good news, because it means more people are entering the job market, i.e. the labor market grew by 419,000 last month.

Recruiters, we need to stay on our game and can’t count on a economic downturn to make our jobs easier, at least not yet.

 

Sources:

Image: https://www.marketwatch.com/story/economists-ask-what-recession-after-blowout-jobs-report-2019-01-04

Data: https://www.bls.gov/news.release/empsit.nr0.htm

 

Indeed’s 15 Top-Rated Workplaces in 2018: Best Culture

Indeed just released their top-rated workplaces in 2018 for best culture. Keller Williams, who didn’t make the top 15 in 2017 jumps all the way to the top spot, 4 fast food companies make the list and only one conventional tech company made the list, Apple, which could be a reflection of the rough year tech has had.

Indeed Top 15 company cultures

Reading through the reviews on Indeed and Glassdoor about the top rated workplaces for best culture, a few things stand out:

  • Supportive management: management needs to be supportive and demonstrate that they care for their employees.
  • Lived values & culture: a set of values are part of the everyday experience for everyone at the company, not just a list of 5 or 10 nice sounding words given to new hires at orientation
  • Clear career path: employees need to see a future at the company, a path for growth and this needs to be clearly articulated by management.
  • Competitive pay: You don’t need to have huge salaries (4 fast food companies made the list) but you do need to pay competitively for your industry.
  1. KW logo Keller Williams – also topped this year’s work/life balance ranking, reviews raved about top-notch training and support, volunteering and community service. 
  2. IN N OUT logo IN-N-OUT Burger – flexibility of scheduling was a repeating theme, competitive pay, positive culture, happy customers and making life long friends
  3. TQL logo Total Quality Logistics – employees were very happy about the combination of support & independence, promoting from within and benefits such as a basketball court, ping-pong, Nerf guns, gym and food trucks
  4. Vans logo Vans – fun and flexible work environment and employee development through training
  5. HEB logo HEB – a supermarket chain with an “amazing” work environment, competitive pay, 6 month bonuses based on performance

 

Culture isn’t a fluff word, having a strong workplace culture leads to better retention, which means fewer open requisitions for recruiters, so they can focus on quality over quantity and ultimately, happier employees and customers. Culture also isn’t complicated, support and care for your employees, show them a path forward, provide training, pay competitively, encourage work/life balance and a ping-pong table won’t hurt either.

 

Sources: Top-Rated Workplaces 2018 https://www.indeed.com/Top-Rated-Workplaces/2018-US-Culture

How AI is Changing the Way We Find Talent

We are living in one of the most exciting times in history. Who would have thought that artificial intelligence would one day lead the way for one of the most people-centered professions? As you read this, AI is making recruiting and talent management more effective than ever before.

Imagine all your routine and mundane tasks easily being automated.

AI has solved this through innovative tools like chatbots and algorithms that identify keywords. It has also made things even more personalized, allowing tools for training existing employees or fulfilling any needs they might have.

We know that AI allows us to do the same work (or more) in half the time. That’s why it’s so important to know the ways AI is changing recruiting and talent management today.

AI Is Saving Us Time

Artificial intelligence software allows us to curate information from resumes. It can identify keywords that relate to the exact role and skills required for the job. Through boundaries set by you, AI can find quality and relevant candidates.

Time is crucial for recruiters and talent management. We are focused on finding and taking care of people. Anything that takes us away from that makes the job more difficult. AI is paving the way for a more effective strategy.

You Can Dedicate More Time with High-profile Candidates

By saving hundreds of hours a year, you are able to dedicate that time with the people who have the best qualifications for your job opening. This gives you the opportunity to interview them with more energy and resources. You’ll get to know the candidate even better, something so crucial when trying to find the right fit for your company.

With more time, you have the chance to develop new tools and strategies relevant to your company and search. Imagine not having your desk full of a list of things to do, but being in a more strategic position that allows you to make effective choices for the best results. Having an AI doing the grunt work for you gives you the chance to focus your resources on more productive areas.

AI Produces Better Data

With advanced software, big data, and the right tools, AI has made it even more possible to have relevant information when finding the right candidates. Algorithms now allow you to make decisions based on what it finds in resumes like experience, education, awards, and more. You are able to predict someone’s career path with AI and make the right decisions.

Current tools also allow you to meet goals with your data. For example, if you want a more diversified staff, you can curate skills and other attributes with data sets. Having a database with a vast amount of information helps you identify the needs and goals of your company.

AI Creates a Pipeline for Your Business

One of the greatest needs for a company today is finding the right people at the right time. It’s hard to find someone who is experienced, ready and available to join the team. In fact, that’s why so many companies need recruiters. It’s essential to find the right people when it’s needed. That’s why AI has become so important.

Software like Smashfly allows recruiters to build a database of candidates, creating a pipeline for whenever they need them. It’s unique in the way it uses modern and advanced AI tools to filter out exactly what you want. It documents the journey of your candidates from the landing page, all the way to the moment they apply for your company. LinkedIn is also doing this with their new Talent Hub, using the largest professional network online. Having something with accurate and relevant data as a pipeline is a huge advantage.

AI Makes HR Essentials Even Better

It’s one thing to find the right people, it’s another to take care of them. It takes a lot of time, patience, and future-thinking. AI gives talent management an advantage by providing them with the right tools.

The key is personalization. Now with AI, employees can use software or bots to discuss vacation requests, find information for benefits or programs and more. AI also helps considerably with training and other resources needed.

A unique advantage is also found through companies and AI like Veriato. It’s a software that analyzes emails, keystrokes, browsing and more, to identify normal patterns and behaviors. If those patterns change in a negative way, the AI is able to pinpoint any low-performing or “on the way out” employees.

AI is becoming more efficient every day. It’s saving an incredible amount of time for recruiters and talent management. It’s worth adopting and using these tools in order to become more effective and getting better at taking care of the people in your company.

At Scrum Recruiter, we believe in applying agile principles and Scrum methodology to recruiting. AI is one step to maximizing your skills and effort in finding the best people for your company and taking care of them for the long-term.

LinkedIn Reinvents the ATS

LinkedIn’s new applicant tracking system (ATS), Talent Hub, is set to launch in the middle of 2019 and is positioned to be a game changer. Talent Hub will be built around search, whereas most existing ATS’s are not. For those who migrate over to Talent Hub, the largest professional network of candidates will come with your sleek new ATS, over 500 million users (Darrow, 2017).

Imagine uploading your newest job requisition and immediately having a pipeline of qualified candidates? It gets better.

When starting a new recruiting project, you will first enter the job title, location, and skill level. After entering these fields, your pipeline will immediately start to populate, you will see how many people match those initial parameters. Next, as you add additional details, job description, qualifications and education, you can see your results narrow in on the best fit candidates. Additionally, you can add team members and recruiters to the project. Once the information is entered, you will have the option of posting the job to LinkedIn for free or using a job slot for extra visibility.

The days of posting and waiting for candidates to apply is over, you will begin with a full pipeline of qualified candidates. Talent Hub will rank candidates who previously applied to your company, who are currently in process and those who have selected “open to new opportunities” higher in your results.

Talent Hub won’t be restricted to LinkedIn, you will also be able to upload candidates from outside of LinkedIn. Like other applicant tracking systems, you’ll be able to assign candidates certain statuses, to track as they move through your hiring funnel, schedule interviews, email candidates, run reports, link to your calendar, send a job offer, send other on-boarding paperwork (Talent Connect Conference 2018), and even integrate with Skype, so you can work remotely from an island in the Maldives. You may want to do a voice only call while working on the beach.

To see Sarah-Beth Anders announce the that LinkedIn is building an Applicant Tracking System at this year’s Talent Connect Conference, follow this link and skip to 1:38:30 https://www.youtube.com/watch?v=rsChWUf2M6c

Sources:

Talent Connect Conference Day 2 (2018) Anaheim, CA, viewable online at: https://www.youtube.com/watch?v=rsChWUf2M6c

Darrow, B. (2017). LinkedIn Claims Half a Billion Users. http://fortune.com/2017/04/24/linkedin-users/

LinkedIn Talent Solutions: https://business.linkedin.com/talent-solutions/