How HR pros are navigating ‘The Great Resignation’
With more than 10 million unfilled jobs in the United States, a new report finds that companies are going to great lengths—and foregoing traditional qualifications such as job experience—to land talent.
You can have the nicest ship in the world, but without the right crew, where will you go?
That’s the conundrum many companies are facing right now, as they desperately scramble to fill their vessels with able hands to keep the content and cargo flowing. Amid ongoing labor shortages, a rising tide of turnover and choppy recruiting waters, it’s a challenge just to stay afloat.
According to Jobvite’s 2021 Recruiter Nation Report, which gathered responses from more than 800 U.S.-based recruiters and HR professionals, 39% of organizations are trying to increase staffing levels and hiring rapidly. That’s a 13% jump since last year. An additional 59% report their organizations have experienced increased turnover since the onset of the pandemic.
These remarkable times are pushing companies to rejigger recruiting processes and retention strategies. According to the report, nearly 80% of recruiters’ priorities have shifted over the past year, and 40% have increased recruiting budgets. Meanwhile, 54% plan to outsource more jobs to freelancers, and 40% plan to make more internal hires.
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