The hiring market has changed dramatically over the last year. The unemployment is at a 50-year record low 3.5% and competition for top talent is fierce. IBM reports that “90% of the S&P 100 are recruiting for the same 37 in-demand jobs.” Getting ahead of the talent acquisition race starts with learning about next year’s biggest trends, topics, and innovations. Here’s what recruiters and hiring managers need to know about the recruitment outlook for 2020.
Recruiters are getting smarter about how they filter out applicants during the hiring process. Scary stats like the cost of making the wrong hire motivate in-house recruiters to be more careful about whom they extend job offers. The cost of hiring the wrong fit can be up to 2.5x the salary – as much as $240,000, according to one report.