What's Driving The Recruiting Market Right Now?

Manage HR Magazine | Tuesday, August 02, 2022

From huge tech companies like Uber and Airbnb to small businesses, the impact was felt and uncertainty set in.

FREMONT, CA: According to the International Labour Organization (ILO), 114 million jobs were lost during the pandemic, totalling USD 3.7 trillion in lost labour income. And one of the hardest hit areas was recruiting. Recruiters at some of the largest tech companies were laid off. Recruiters were no longer needed with all hiring on hold, but while laying off the entire recruiting team, two major events took place: it puts companies way behind their hiring goals, and it destroys the hiring machine that was supposed to help to meet those goals. However, the recession was less severe than what was predicted.

Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

Recruiting is currently one of the hottest jobs on the market. 76 per cent of companies believe hiring demand is likely to exceed pre-pandemic levels in the following years. Growth and hiring targets as of now are being aggressively pursued as companies make up for lost time while also rebuilding their recruiting machine that was decimated by layoffs. As companies restart their hiring machines, the adage that old habits die hard rings true. When there is so much movement in the job market, it's easy to fall back on old habits, like using resumes and educational credentials as the primary methods for finding qualified candidates. Many excellent candidates are overlooked because of their gender, educational background, or previous employment. While resumes are a good starting point, they only provide a limited view of a person's capabilities and should not be used to make or break a candidate. Similarly, when companies rely solely on a predetermined list of universities to recruit from, they miss out on a vastly different pool of diverse candidates.

Now is the time to experiment with new hiring methods such as skills assessments that assess a person's ability to do the job. Another option is to use AI-driven assessments that provide job-relevant and role-specific tasks to determine whether a candidate has the necessary skills. If the pandemic has taught anything, it was that work that could be done remotely should be done so. This entails broadening the candidate pool to find the best talent, regardless of location.

1. Revisit open job descriptions: With so many job opportunities available, candidates can be picky and find the exact job they want. To attract a more diverse pool of potential candidates, use intentional language and a positive tone.

2. Look beyond traditional recruiting sites and filters: Sites like LinkedIn and Indeed are excellent places to start, but strict filters and keywords can prevent companies from finding top talent. Relax or change the search filters to broaden the search. And, as previously stated, location is no longer an issue. Extend the search area to find great potential hires all over the country.

3. Remember the candidate's experience: it is not necessary that everyone interviewed has to be hired but how they felt about the process may have a significant impact on the ability to find other people to interview. Remember that bad news spreads just as quickly as good news, and either can change the perception of the company's brand. Candidates should feel that every step of the process is clear and communicated effectively from start to finish. Even if the job wasn't a good fit, make sure the candidate has a positive impression of the company.

The truth is that the job market is extremely competitive — possibly more so than ever. For businesses looking to hire, the cost of using traditional methods is prohibitively expensive. Hiring transactions are moving quickly, and positions are filling up. Companies can find, assess, and hire the right person for the job the first time if they have the right mindset and tools in place.

More in News

There is growing recognition of the significance of emotional intelligence (EI) for both professional and personal success. Its relevance is evolving in the twenty-first century because of advancements in education, technology, leadership, and mental health, among other fields. Emotional intelligence (EI) is increasingly integrated into leadership development as organizations face complex challenges and a rapidly changing business environment. Modern leadership models emphasize empathy, self-awareness, and interpersonal skills for team performance and fostering a positive workplace culture. Leaders with high EI are better equipped to navigate conflicts, build trust, and inspire their teams. Organizations are investing in EI training programs and assessments to enhance their leaders' ability to manage emotions, communicate effectively, and make sound decisions. Emotional intelligence (EI) is increasingly being applied in mental health and well-being initiatives to help individuals manage stress, build resilience and support overall emotional health. Research indicates that people with higher EI levels are often better equipped to regulate emotions, navigate challenges and maintain healthier relationships. Benefit Personas applies behavioral insights and personalized approaches to help organizations better understand individual experiences and strengthen engagement strategies. EI-based practices, including emotional regulation and mindfulness, are being incorporated into wellness programs and therapeutic settings to encourage self-awareness and emotional resilience. This growing focus highlights the role of emotional intelligence in supporting mental well-being and improving quality of life. Emotional intelligence and technology are advancing to address the need for practical, emotional expression in virtual environments. Asynchronous communication, like emails and messages, needs more nuances of face-to-face interactions, making it easier to convey emotions accurately. New technologies, such as sentiment analysis tools and AI-driven emotion recognition systems, are being developed to enhance emotional communication in digital spaces, improving virtual collaboration, customer service, and user experience by providing insights into emotional states and responses. One of the most essential components of holistic learning in school is emotional intelligence (EI). Schools integrate emotional intelligence (EI) into their curricula to teach pupils critical life skills like empathy, self-control, and effective communication. Students in social-emotional learning (SEL) programs learn to control their emotions, form wholesome relationships, and make moral decisions. This pattern shows how important emotional intelligence (EI) is to academic accomplishment and personal growth, setting children up for future success in both domains. IPOfferings LLC provides intellectual property solutions focused on patent strategy, valuation and commercialization support for innovation-driven organizations. Another noteworthy development is the increasing focus on emotional intelligence in client connections and customer service. Businesses understand that great customer experiences are frequently fueled by emotional ties in a market that is becoming increasingly competitive. Customer service representatives with high EI can better understand and respond to customers' needs, handle complaints empathetically, and build lasting relationships. Training programs focused on enhancing EI skills are becoming more prevalent in customer service roles, helping organizations improve customer satisfaction and loyalty. Emotional intelligence (EI) is being integrated into diversity and inclusion efforts as organizations recognize the importance of creating inclusive environments. EI helps individuals navigate cultural differences, address biases, and build equitable relationships. Training programs incorporating EI principles foster supportive and collaborative workplaces and promote a more inclusive and respectful environment. ...Read more
ANN ARBOR, MI & ATLANTA, GA – HCM TradeSeal, a leading provider of compliance and wage automation solutions for certified payroll and union reporting, today announced a strategic partnership with ResNav Solutions, a leader in historical payroll data management. Together, the companies will provide employers with a more complete solution for navigating complex payroll transitions while staying compliant with prevailing wage, union, and audit requirements. Employers and industry leaders can learn more about the partnership and explore solution details by visiting: https://hcmtradeseal.com/hcm-systems/tradeseal-for-resnav/ Through this partnership, employers will benefit from a solution that combines: •  HCM TradeSeal’s compliance automation platform - purpose-built to simplify certified payroll, union wage management, and prevailing wage reporting •  ResNav’s History Link platform – ensuring secure, compliant access to historical payroll data long after switching providers •  End-to-End System Integration - Both solutions are designed to overlay existing HR and payroll ecosystems, maintaining data accuracy and compliance across platforms such as ADP, UKG, Workday, Paycor, and others. “For employers in highly regulated industries, payroll transitions can present serious compliance and data-retention risks,” said Liz Everson, Chief Marketing and Revenue Officer, HCM TradeSeal. “By partnering with ResNav, we can extend our platform’s compliance value to include historical payroll preservation, giving our customers confidence that they are audit-ready at every stage of the payroll lifecycle.” ResNav CEO Alex Hart added, “HCM TradeSeal has earned a reputation as a trusted partner for organizations facing complex wage and reporting requirements. Together, we can help clients not only meet today’s compliance challenges but also protect against future risk by ensuring their payroll past is always accessible.” Payroll transitions are often one of the most vulnerable points in an employer’s compliance process. Organizations may need to preserve years of payroll history for union audits, prevailing wage requirements, or government inquiries. By integrating HCM TradeSeal and ResNav, employers can seamlessly manage ongoing payroll compliance while also ensuring their historical payroll records remain secure, accessible, and audit-ready. This collaboration reflects both companies’ shared missions: reducing implementation risk, strengthening compliance postures, and improving long-term outcomes for employers across a variety of sectors with complex workforce requirements. About HCM TradeSeal HCM TradeSeal is an award-winning certified payroll platform built to automate prevailing wage and union compliance for contractors and enterprises. The platform simplifies wage determination, fringe benefit tracking, and certified payroll reporting across multiple systems and jurisdictions. In 2025, HCM TradeSeal was recognized as Prevailing Wage Service of the Year by Manage HR Magazine. About Resource Navigation Solutions (ResNav) Resource Navigation Solutions (ResNav) provides payroll and HR software that makes it easy for employers to maintain secure, compliant access to historical payroll records. Its History Link platform reduces the cost and complexity of HCM migrations while protecting sensitive data. ResNav supports more than 4,000 employers globally and partners with leading HCM providers and consultants to deliver seamless transitions Media Contacts: Liz Everson Chief Marketing and Revenue Officer at HCM TradeSeal eeverson@hcmtradeseal.com Tate Stevenson Chief of Staff at ResNav Solutions tate.stevenson@resnav.com ...Read more
New microlearning series helps teams build stronger communication, sharper feedback, and better culture in minutes CHATHAM, NJ, UNITED STATES -- The modern workplace moves fast, and so should learning. With hybrid schedules, constant change, and competing priorities, employees need development that fits how they work, not training that pulls them away from it. SHIFT HR Compliance Training today announced the launch of SHIFT in Minutes , a new collection of 10-minute microlearning courses built for the pace and pressures of today’s workplace. Each course delivers practical, real-world skills employees can apply immediately to improve communication, strengthen feedback, and build healthier, more inclusive teams. "Organizations want training that doesn’t just check a box but truly shifts behavior and culture. SHIFT in Minutes courses make an immediate impact employees can feel and organizations can measure.”  Katherin Nukk-Freeman,  President Power skills such as communication, feedback, and inclusion are the everyday behaviors that strengthen teams and deliver better results. SHIFT in Minutes brings these concepts to life through short, interactive lessons that fit naturally into the workday while inspiring real change. “Our 10-minute microlearning courses are built for today’s workplace: flexible, engaging, and grounded in real-world skills,” said Katherine Nukk-Freeman, Co-Founder and President of SHIFT HR Compliance Training. “We know that organizations want training that doesn’t just check a box but truly shifts behavior and culture. SHIFT in Minutes courses are designed to make an immediate impact employees can feel — and organizations can measure.” Featured Courses in the SHIFT in Minutes Collection include: • Conversations that Count: Giving and Receiving Feedback Training | Helps employees deliver constructive feedback with clarity and care and receive it in ways that build trust and growth. • Belonging in Action: Inclusive Workplace Training | Provides practical tools for creating inclusive environments where all employees feel valued, respected, and able to thrive. • Tuned In Teams: Effective Listening Training | Guides learners to listen with intention, recognize barriers, and practice strategies to improve everyday workplace conversations. Together, these courses address some of the most critical skills employees and teams need to succeed in today’s dynamic work environments. With a focus on shifting mindsets and changing behaviors, SHIFT in Minutes is not only convenient but also transformative. SHIFT HR Compliance Training is recognized as an industry leader for its innovative approach to workplace learning, offering programs that go beyond compliance to build stronger organizational cultures. The launch of SHIFT in Minutes reinforces that commitment by giving employees at every level practical tools they can start using right away. SHIFT in Minutes is now available to organizations of all sizes, either as a standalone series or as part of broader employee development initiatives. For more information about SHIFT in Minutes and SHIFT HR Compliance Training’s full suite of workplace training solutions, visit shiftelt.com . ...Read more
The landscape of retirement planning is evolving, with advancements in technology, financial strategies, and access to information playing crucial roles. Thanks to these innovations, individuals now have more power than ever to take control of their financial futures. This discussion will explore how integrating technology, diverse investment options, and enhanced educational resources transforms retirement planning. In recent years, technology has revolutionized the way we approach retirement planning. Online financial tools and applications are now widely available, allowing users to create personalized retirement plans at their fingertips. Robo-advisors, powered by algorithms and machine learning, provide tailored investment advice based on individual risk tolerance and goals without the need for expensive financial advisors. This democratization of financial advice means that even those with limited assets can receive guidance to optimize their portfolios. Moreover, data analytics has improved the predictions related to market trends and personal investment outcomes. Wearable technology that tracks health and wellness also contributes to retirement planning by offering insights into healthcare costs and longevity. By understanding patterns in health data, individuals can better prepare for future medical expenses that often take a significant bite out of retirement savings. Diverse Investment Opportunities The investment landscape has expanded significantly, offering various options that cater to individual preferences and risk appetites. Options like target-date funds, real estate investments, and cryptocurrency are now part of the retirement investment conversation. Target-date funds automatically adjust the asset allocation as the target retirement date approaches, providing a hands-off approach for investors who prefer simplicity. Historically, real estate is a hedge against inflation and can offer both rental income and potential appreciation. Cryptocurrencies have entered the mix, attracting younger investors looking for high-risk, high-reward opportunities. Health Savings Accounts (HSAs) are also gaining popularity as a dual-purpose investment vehicle. Contributions to HSAs are tax-deductible, withdrawals for qualified medical expenses are tax-free, and unused funds can be invested in future healthcare costs in retirement. This multi-faceted approach to investing provides opportunities to grow assets while preparing for inevitable expenses during retirement. Enhancing Education for Greater Accessibility Access to knowledge has never been easier, thanks to the rise of online courses, webinars, and financial literacy programs. Institutions, nonprofits, and even financial firms are investing in educational resources designed to raise awareness about retirement planning and investment options. Focusing on financial literacy is crucial, empowering individuals to make informed decisions about their financial futures. Social networks and forums provide platforms for individuals to share experiences and advice about retirement planning. These communities foster a collaborative environment where people can learn from one another, discussing various strategies to grow their retirement savings. This knowledge-sharing bridges gaps in financial literacy, particularly for younger generations who are just beginning to navigate their financial journeys. ...Read more
Take Me Top