Nowadays, business is moving at the speed of light. In an increasingly competitive environment, it’s critical for businesses to seek out advantages over their competitors to stay relevant and profitable.
One aspect of business that’s transforming right before our eyes is the way companies find and hire talent in all levels of their business. New technologies are enabling companies to move away from traditional staffing practices to new methods of hiring qualified candidates quickly.
It’s becoming more and more apparent that traditional staffing tactics are becoming outdated in today’s world. Companies who choose to fall back on archaic hiring processes risk losing the best talent to competitors. It’s in your company’s best interest to keep up with hiring trends and find qualified candidates as fast as possible to keep your business successful.
There are several modern staffing practices companies are using to attract qualified talent in a fraction of the time. This includes leveraging state-of-the-art hiring software, on-demand staffing solutions, and the increasingly popular gig economy.
Age-old staffing practices
For years, companies have used the same regimented hiring processes to fill open positions and staff their workforces. What started as posting positions in the classified section of the Sunday newspaper transformed into a more modern approach with online job boards.
The common staffing practices we’ve come to know today typically go like this:
Internal recruiters, human resource managers, or external staffing agencies post openings on various job boards across the internet. Job seekers then stumble across these listings in their hectic job search.
The candidate is then required to go through a lengthy application process that includes creating a customized resume and cover letter, and in many cases a long questionnaire or application.
An HR manager then wades through hundreds of applications and resumes trying to find their needle in a haystack. They then have introductory phone calls with candidates to determine who gets to move on to interviews with managers and other members of the company.
Typically, the narrowed list of potential hires will meet with managers to see if it’s a good fit for the role. Hopefully, you’re able to find a match on the first time around since additional interviews would take even more of the managers’ time.
Once there’s a match, an offer will be sent to the candidate for them to accept or decline. Then come salary and contract negotiations, employee onboarding, and the rest of the hiring formalities.
These age-old staffing practices work for some positions – for example, hiring a high-paid finance executive or highly skilled engineer. They also fit into certain industries with intense vetting processes due to high levels of liability, advanced skills, and responsibilities like health care.
But what if your company is in an industry that has the potential to hire quickly based on a particular set of skills and waste less time by avoiding a lengthy vetting process? What if you need to staff up quickly due to increased demand or seasonality?
Why traditional staffing is on the decline
Traditional staffing practices are on a steep decline in recent years. Companies are realizing that the snail-paced tactics that worked before are now being left in the dust by more modern approaches to hiring.
The speed at which companies can hire is a crucial competitive advantage. Every minute a company wastes on finding, securing, and retaining talent is time that could be dedicated to growing and improving the business. If you can reduce the time spent trying to fill open roles, you can gain several key advantages over your competitors.
Faster hiring turnarounds mean more money in your pocket. Think about all the time and money that’s wasted in a bogged down hiring process. Consider all of the phone calls and meetings that hiring managers set aside to fill open roles.
There’s also an element of talent scarcity that comes into play. If you’re slow to get back to skilled candidates, you risk losing the best talent to competitors. Skilled workers could opt to work for a competitor instead of your company if you use sluggish and outdated hiring procedures.
Lastly, speedy staffing makes everyone happier – both candidates and those responsible for hiring. Job candidates will appreciate a fast turnaround as they’re likely trying to find a job as soon as possible.
Your managers and team members will also appreciate landing new talent without having to wait several weeks or even months. They can instead hit the ground running and jump right into projects focused on scaling and growing the business.
For these reasons, companies are moving away from traditional staffing practices and are now turning toward a more modern staffing approach to increase the speed at which they find and hire workers.
Companies are turning to new staffing practices
Many companies who’ve already adopted new staffing tactics are able to stay ahead of the curve and their competitors.One innovation that’s shaping the way companies hire is state-of-the-art hiring software that leverages algorithms and artificial intelligence.
AI can be used to streamline the hiring process and free up time for hiring managers to dedicate towards more pertinent business. For instance, AI-powered chatbots can take over duties like introductory conversations, and questions and answers with candidates. Chatbots can gather information needed for the hiring process and direct candidates to the appropriate positions within a company’s job portal.
AI can also assist in talent rediscovery through an applicant tracking system, spotting job candidates who may have applied for previous roles and may now be a good fit for current roles.
Additionally, algorithmic hiring solutions like tilr enable companies to hire faster and more efficiently. tilr automates the hiring process and connects the right candidates with the right position by intelligently matching skills to the necessary job requirements.
The speed at which companies can hire is growing exponentially, contributing to the newest phenomenon to sweep the globe – on-demand staffing in the gig economy.
How the gig economy is affecting staffing
On-demand staffing and the gig economy is changing the way companies do business right before our eyes. Companies now have access to hiring solutions that can secure the right workers within a few days or even in a matter of hours.
The gig economy far exceeds the Ubers and Instacarts of the world. The gig economy spans across many industries, like freelancing, homecare, and pet sitting. In fact, the freelancing site Upwork predicts that gig workers will make up over 50% of the workforce within a decade.
Gig economy services like tilr connect companies and independent contractors in industries like logistics, customer service, clerical and administrative, manufacturing, and hospitality.
By using a service like tilr, seasonal and project-based staffing becomes a breeze. If your company needs to ramp up staffing for the holidays or for a big upcoming project, you have two choices. You can waste time and energy trying to find talent on your own, or you can leverage the gig economy to find qualified candidates looking for flexible employment options.
With these gig economy platforms, qualified gig workers who are itching to lock in their next position are matched with your job posting and accept the job. Then the workers show up prepared to fulfill the duties of the position. Time tracking, attendance, payment, and support are all handled directly through the app, making your life easier.
Worker-now options help your company save money and give you the ability to access qualified talent in a hurry. This entire process can take a mere two days as opposed to several weeks or months. And this applies to much more than only one worker. You could fill 20, 30, or more positions in a single day if you need to.
Adapt now or risk falling behind
Traditional staffing tactics are going by the wayside. It’s critical to transition to a more modern staffing approach to keep up with today’s evolving workforce and competitive landscape.
You can’t afford to waste precious time using outdated hiring methods to fill open roles in your company. You risk wasting money and resources looking for the perfect candidates while your competitors are scooping up the best talent in your field.
Instead, you can adapt and implement new staffing procedures that help you find qualified candidates in days rather than months, and at a fraction of the cost. This could mean turning to on-demand staffing solutions like tilr to save money and time finding skilled workers.
If you think you’re ready to take the first step to transform your company’s staffing procedures, create your free account today. You could be leveraging tilr to get qualified workers in no time.
“Brett Helling is the head of Gigworker.com, a site that provides in-depth articles and information on the gig economy. Outside of work, Brett enjoys spending time in his home city of Omaha, with his dog Baxter (insert Anchorman reference here).”