Category: Candidate Attraction

Rethinking Candidate Generation Strategies

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Candidate generation strategies are crucial. In this time of rapid transformation and high competition for talent, employers face the challenge of evolving their talent generation strategies to stay ahead. For years, employers focused on attracting as many candidates as possible with the hypothesis that generating more applications was the best strategy to yield better quality hires. That approach to talent attraction and the metrics used to measure success are changing.

The old goal: Attract as many candidates as possible.

The new goal: Attract the strongest candidates who are the best motivational fit for your organization.

In this article, we cover the changing landscape of candidate attraction and why employers should develop a new, data-informed way of looking at job postings. We also present some specific strategies employers can put in place now and explore the benefits of these strategies.

When Sourcing Candidates Change is Not Optional

Many organizations remain stuck with outdated candidate generation strategies. Job titles and descriptions can go years without being updated to reflect the reality of the position or the ways that candidates look for jobs. Long, expensive contracts with specific job boards are common, even though the return on investment may be decreasing. There are several reasons why the old way is no longer working.

1. Employers look at the wrong metrics when building candidate generation strategies.

Many employers assume that a large number of views, clicks and even applications indicate an effective strategy, even when those numbers don’t translate to strong hires. At the same time, candidates are left frustrated by applying to jobs that are different than advertised and then facing rejection because they don’t align with the true requirements of the position or with an offer or a job that isn’t a good fit.

If a job posting yields too many unqualified candidates, it creates the risk of harming an organization’s employer brand. This is because when there are too many unqualified candidates, there is the risk of poor communication. Those candidates could become frustrated with a lack of communication and form a negative opinion of the organization which they could share with their own networks.

Employers need to modernize their candidate generation strategies and metrics to keep up with changing candidate expectations and advancements in workplace technology.

2. Candidate generation strategies: The process is expensive.

The practice of attracting large numbers of applicants is expensive. Employers pay to attract and process candidates who aren’t good fits. At one UK organization, we found that a dismissal at the CV review stage cost £1.92. This organization hired 6,000 employees for every 67,000 applicants. This means the cost of just the first stage was £117,000.00. The process of dispositioning an applicant after an interview is even more expensive.

3. Job postings aren’t optimized for the changing landscape.

The changing role of job boards is also disrupting the traditional process. The rollout of Google Jobs, for example, has made it easier for candidates to search for job postings the same way they search for everything else on the internet – and candidates have grown to expect this. Because of this, employers need to optimize job postings and use SEO strategies to ensure candidates will see those postings.

Candidate Generation Strategies for the Future

Building a Centralized Recruitment Function

By centralizing the recruitment function, employers build a team that can adapt more quickly to change and works more efficiently to put new strategies in place. HR leaders find that a centralized function allows all members of the team better insight into the full hiring process and helps them better understand how each step impacts the broader candidate journey.

It is also easier to test new strategies and deploy successful ideas throughout the entire recruitment function. Because there is no need to get the buy-in of other offices or teams, a centralized function can deploy changes quickly.

A centralized recruitment team also helps maintain consistent metrics and employer branding. When multiple teams are accountable for different parts of the process, those teams can start to shift over time to the point where aspects of an employer brand or the metrics used to define success can look different from team to team.

When processes are siloed it makes it more difficult for leaders to get a full view of the recruitment team and maintain consistency throughout the process. When the entire recruitment team is accountable to the same leader, the process remains more consistent.

Benefit: An accountable and synchronized recruitment team that can more effectively share your brand message.

Sharing an Honest Employer Brand

An authentic yet aspirational, unique and dynamic employer brand is key for employers looking to stand out in the competitive talent market. This type of employer brand will speak to candidates who fit with the current company culture but can also be an effective way to keep current employees aligned with shifting organizational priorities.

According to a report by Cornell University, organizations with a strong employer brand experience less turnover, a higher level of employee commitment, more buy-in to the corporate culture and increased engagement.

Successful deployment of an employer brand will include the development of media toolkits, with language, images, videos, social media posts, emails and more than the recruiting team can use to disseminate brand communications. Materials like these can be used to make sure your employer brand consistently comes through in job postings and advertisements.

Benefit: A strong employer brand will generate applicants who understand and fit in with your culture and who are excited to work for you.

Swapping Vanity Metrics for Sanity Metrics

As your goal changes from attracting the most candidates to attracting the right candidates, you need to adjust what metrics you monitor to see if you’re achieving your goal.

Vanity metrics can include data like the number of clicks or views you have for a job posting and the number of applications. These metrics don’t tell you whether the people who are clicking on your job advertisements or the candidates who are applying are good fits for the position or enthusiastic about working for you.

Sanity metrics are numbers like the ratio of clicks-to-hires or applications-to-hires. Sanity metrics can also include data about the performance and tenure of your new hires. These metrics tell you whether or not the right people are finding and applying to your job postings.

If you are looking at vanity metrics, you cannot tell if you are attracting the strongest talent.

Benefit: A more clear measure of whether you are meeting your goal of attracting the strongest candidates who are enthusiastic about working for you.

Using Data to Inform Decision Making When Sourcing Candidates

Data should be central to the candidate attraction process. Your team should consistently ask these four questions and make alterations to your recruitment process based on the answers the data provides.

1. Are you marketing your job properly for the audience you’re looking for?

Sanity metrics will tell you if your tailored approach to candidate attraction is working well. The exact ratios will vary from organization to organization and position to position, but your goal should be to decrease the ratio of clicks-to-hires and applications-to-hires while increasing performance metrics and tenure numbers on those hires. If you aren’t already tracking this information, you should gather historical data on the relevant positions and continue tracking performance and tenure data.

If, for example, you spend a significant amount of time and money reviewing applications from unqualified candidates, you can revise your job copy to reflect the more challenging parts of the job. One of our clients had challenges hiring for a door-to-door salesperson. The job posting gave a rosy view of the position, without mentioning the tougher parts.

This led to a high number of applications, but as candidates moved through the process, many realized they didn’t want the position. The cost of processing these applicants was high, as was new hire turnover once candidates started in the role.

By making the job posting more transparent about the challenges, applications decreased by 11 percent, despite a 10 percent increase in the salary for the position. The client saved 305 hours of hiring manager time over a three month period, made the same number of hires as before, spent less on candidate attraction, held fewer phone and face-to-face interviews and new hire turnover in the role dropped significantly.

2. Is your job title optimized for your audience?

Often, job titles at individual organizations are informed by organizational culture and tradition. These can lead to titles that haven’t changed in years or new and creative titles, like “digital prophet” or “crayon evangelist.” While these titles may function well inside an organization, they can’t attract candidates who search online for positions like “business analyst” or “design director” because those candidates will never find the positions.

Regardless of the job title you use internally, the job title you use in a posting should be informed by data. Tools like Google Trends and Google Keyword Planner can help develop SEO-friendly job titles that will help put your position at the top of search results. Popular job boards also provide click data, and you can perform A/B testing with your recruiting team to determine which job titles bring in the best candidates fastest.

One client was struggling to hire for a position they called “help desk advisor,” although the position was customer service related. Data showed that more people in the client’s location searched for jobs like “customer service representative.”

By changing the job title in the external job posting, the client received the same number of applications in two weeks that it normally received in six to eight weeks. Because of this, the time-to-offer and time-to-fill both decreased, and the client spent less on attracting candidates.

3. Is the most important information in your job posting laid out in the best way for readers?
Candidate Generation Strategies

If your marketing and optimization efforts are successful at bringing job seekers to your posting, you also need to make sure they get the information they need to decide if the position is the right fit and they want to take the step to apply. According to research by The Ladders, job seekers spend an average of 49.7 seconds deciding that a job isn’t right for them and 76.7 seconds deciding that it is a good fit. This only provides a short window of time to provide the information you want them to see.

By developing a strong employer brand, marketing the position properly and optimizing your job title, you will be able to provide the type of information the candidate needs to see to decide if your role is the right fit. Your challenge is to make sure they can digest it in less than one minute. The Ladders’ study used eye-tracking software to determine that most job seekers follow an “F” shape as they scan job postings.

This means, as you write up and lay out a job posting, you need to put the most important information in the first places a candidate will look. Using headings can also help candidates identify key criteria.

4. Are you using job boards effectively?

The introduction of Google Jobs drastically changed the landscape of job boards. For our UK client base, we are already seeing a decreased return on investment from job boards which has decreased our own spending. To ensure you are spending effectively on job boards, you need to constantly evaluate which boards perform better.

To do this, you need to find out which job boards send an appropriate number of the right candidates. Some boards may send a lot of candidates but very few are qualified. Others may send fewer and fewer candidates altogether. By monitoring this data, you can invest your budget into the right job boards to attract the right candidates. You should also monitor whether the job boards you use integrate with Google Jobs and what impact that will have on your application data because it could vary among different industries.

More benefits of data-driven methods:

  • Increased candidate quality and decreased turnover because you are attracting candidates who are enthusiastic about the position and your organization and who understand the responsibilities and requirements of the role.
  • Decreased time-to-fill and cost-of-vacancy because candidates who aren’t a good fit self-select out of the process, so you don’t waste money evaluating the wrong people.
  • Increased ability to attract the candidates of the future because you’re speaking to them where they are and in ways they expect as they search for new positions.

Candidate Generation Strategies: Key Takeaways

  • Rather than attracting as many applicants as possible, employers should focus on decreasing the number of unqualified or uninterested applicants while increasing the number of strong applicants.
  • Employers should use a data-informed process to guide their candidate attraction strategies.
  • Employers should consistently evaluate their use of job boards to match the quickly changing job board landscape.

Four Factors Impacting the Way Employers Interact with Candidates

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Across the globe, employers and candidates live in an accelerating state of change. Adapting is difficult for both workers and employers, but the process of changing strategies as an organization is more complicated. There are legacy systems in place – especially for large organizations – and traditions can become entrenched. Remaining nimble is a challenge. For that reason, it is important to watch the employment landscape and respond with smart and targeted strategies.

In this article, we will explore four factors driving changes in the way that employers interact with job candidates: the digital transformation, current global economic conditions, shifting trust and privacy expectations, and the changing landscape of job boards.

1. The Digital Transformation

In a study by Gartner, 80 percent of executives reported that they have a digital initiative underway and 69 percent believe that they need to become significantly more digital to remain competitive.

According to McKinsey, 51 percent of job activities can be automated, but fewer than 5 percent of jobs are can be completely replaced by machines. The report also determined that the pace of change is so rapid, that by 2030 as much as 14 percent of the global workforce could need to change occupational categories.

Employers need to respond by finding candidates who can lead through change and learn and adapt – rather than candidates who only excel at a job as it exists today. This is becoming even more difficult as top candidates are in high demand due to record-low unemployment rates in many major global economies.

Fast Company reports that in May 2018 employers posted 314,000 tech job openings and only filled 8,700 of them. The Bureau of Labor Statistics also projects employment of software developers to grow 24 percent through 2026, faster than the average for all other occupations.

What does this mean?

Employers need to be able to attract and identify the candidates of the future – the people who have the skills and mindset needed to drive success into the future. That means developing an employer value proposition, or EVP, and an employer brand platform that is unique, authentic yet aspirational, and dynamic, sharing your EVP with your target audience, using innovative, data-driven strategies to attract candidates for the future and assessing candidates to identify those with a growth mindset.

2. Global Economic Conditions

In the decade since the start of the global economic downturn, many countries have recovered and now have competitive, candidate-driven markets for talent.

In the U.S., the unemployment rate is down to 3.7 percent. In the UK, it is down to 4.0 percent. There are strong employment numbers around the world. In a competitive market, employers need to be proactive about attracting both active and passive candidates.

Additionally, people are starting to feel more comfortable leaving their jobs, which is both an opportunity and a challenge for employers. It means that you have an opportunity to bring in strong candidates, but it also means that some of your strongest employees could leave for greener pastures.

With all of the press coverage about the state of the global economy, in-demand candidates will also recognize that the hiring landscape has changed. This, coupled with the potential for multiple offers, means that top candidates will have higher expectations – not only in regard to salary but also the purpose, mission and culture of the employer they choose.

What does this mean?

Employers around the globe should look for the best talent and use innovative assessment techniques to identify those who derive purpose from the work done by the organization and who are passionate about the mission. Employers should also ensure their offers and workplace culture lives up to and exceeds the expectations of the best candidates, and they should invest more in retaining top talent.

3. Shifting Trust and Privacy

Candidates are growing more cautious about which organizations they trust and who can have access to their personal data. Candidates in the U.S. and Europe have been exposed to political disinformation campaigns that left many reevaluating their sources of information. Additionally, privacy issues at Facebook have motivated many candidates to increase their social media privacy settings.

As a result, research shows that many people have grown to distrust traditional advertising from brands. Instead, more people are relying on recommendations from friends and relatives, according to Nielson. Forbes reports candidates are asking more about reviews on Glassdoor and issues that they read about online like turnover rates and layoffs. Consumers are also taking steps to avoid ads, with the Wall Street Journal reporting that 80 percent of adults in America use at least one ad blocking method.

While most candidates have some information available online for employers to find, some of the most tech-savvy are cutting back. According to Pew Research, 74 percent of American Facebook users have either taken a break from the site, adjusted their privacy settings or deleted the app from their phone. Another survey found that half of consumers in the UK don’t trust anyone with their personal information.

Beyond reactions from candidates, employers also face increasing regulations. The GDPR, or EU General Data Protection Regulation, took effect in May 2018. It requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. TechRepublic reports that 61 percent of compliance professionals say they’re concerned that the reduced data availability and new requirements of GDPR could impact future sourcing and recruiting. In the U.S., California recently passed the California Consumer Privacy Act of 2018. These laws are popular with voters, and employers should expect privacy concerns to be a continuing issue.

Despite these issues, Forbes reports that HR teams still have more data now than ever before. Employers benefit from the growing amount of data available, but they should keep in mind its limitations.

What does this mean?

Employers should work to build an authentic EVP and employer brand platform to gain trust and buy-in from candidates. This should include the development of brand ambassadors who can reach candidates who are skeptical of traditional information channels. By developing an employer brand platform that takes advantage of peer-to-peer networking, employers can break through the walls put up by ad-blocking software and ad-skeptical candidates. The authenticity of the message is key to appearing more trustworthy.

4. The Changing Role of Job Boards

The role of job boards is also changing rapidly. Google Jobs makes it easier for candidates to search for job postings the same way they search for everything else on the internet – and candidates have grown to expect this. According to Forbes, the second page of Google search results accounts for only 6 percent of all website clicks. This means that to ensure your target audience can find your available positions, you must have job descriptions optimized for search.

Inc. reports that Google’s preference for relevant text- and video-based content will also apply to Google Jobs results. Employers need to be SEO-savvy to get postings in front of candidates. Additionally, many candidates now search for jobs using the same search engines that supply information like Glassdoor reviews and news stories about your organization.

Job boards and aggregators have also changed in response to Google Jobs. Candidates no longer need to search a variety of job boards to find postings that match their skills. Because of this, for our UK client base, we are already seeing a decreased return on investment from job boards which has decreased our own spending.

What does this mean?

Employers need to be able to respond quickly as the job board environment changes. Google Jobs has only been available in the U.S. since 2017, and it was only introduced in the UK in 2018. This means there are still more changes to come. Employers should constantly evaluate which job boards bring in the most high-quality candidates in a cost-effective way and consistently adjust their strategy.

Where to Go from Here

In response to this rapid change, these four factors should be seen as challenges and opportunities, not barriers to success. Employers can use strategies like employer branding, new ways of generating candidates and assessments built for the future to set themselves apart. 

Talking Talent: Addressing the Workforce Gap in Nursing

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In this episode of Talking Talent, we talk about how to address the workforce gap in nursing and the solution developed at Sutter Health in Northern California to increase nurse retention.

Healthcare organizations across the United States are grappling with the nursing shortage. According to the Bureau of Labor Statistics, the employment of registered nurses is expected to grow 16 percent between 2014 and 2024 based on an increased emphasis on preventative care, growing rates of chronic conditions like diabetes and obesity and demand for healthcare services for the baby boomer generation. At the same time, baby boomer nurses are retiring in unprecedented numbers. By 2020, the number of baby-boomer nurses in the workforce will decrease to just half their 2008 peak.

Joining us to talk about the unique solution at Sutter Health is Christine Cress, the Director of Nurse Workforce and Leadership Development. A skilled executive coach and Stanford-trained facilitator, Christine has led inter-disciplinary teams to create functions and company programs where they did not exist before. She has been named honorary nurse by her nurse executive colleagues and is a strategic business partner generating results that require no spin. Christine blends mind, heart and business to her practice as a healthcare leader. She brings the insights of 18 years in healthcare – partnering with finance, supply chain, clinicians and HR to serve those who take care of patients.

In this interview , Christine explains how she and her team developed and funded an internal program that increased nurse retention during the nursing shortage.

You can read more about skills shortages in healthcare here:

Listen to other Talking Talent Podcasts about healthcare:

Expanding the Talent Landscape by Recruiting Virtual Employees

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With very low unemployment in many of the world’s major economies, those seeking to attract talent should explore the benefits of recruiting employees that work from home. Since a number of these countries, such as the United States and the UK, are considered to be at “full employment,” where nearly everyone who wants a job has a job, the traditional formula of recruiting in the market where a company is located may no longer be as effective as it has been in the past. And since the top reason for quitting a current job is to increase wages, employers face the challenge of meeting candidate expectations for higher pay based on local salary ranges.

While remote work may not be viable for some positions, expanding the pool of candidates outside a specific geographic area allows employers to take advantage of the growing trend in telecommuting as well as potentially reduce attrition, decrease cost-per-hire and even improve productivity.

The Virtual Workforce is Substantial (and Growing)

A study by Global Workplace Analytics and FlexJobs released earlier this year reported that 3.9 million U.S. employees, or 2.9 percent of the total U.S. workforce, currently work from home at least half of the time. This number is up from 1.8 million in 2005, an increase of 115 percent. And as of 2017, 43 percent of U.S. workers worked remotely at least occasionally, up from only 9 percent of workers in 2007.

Growth in remote work is not limited to the United States. In the UK, one in seven people work from home, according to the Office for National Statistics. In Canada, nearly half (47 percent) of employees work from outside one of their employer’s main offices for half the week or more. And in Australia, the number of people who work from home has risen to 30 percent. The significant percentages of telecommuters is not the case for all economies. Eurostat reported earlier this year that working from home was slightly more common in the Eurozone than in the EU as a whole. And some non-Eurozone countries have a negligible virtual workforce. Bulgaria has only 0.3 and Romania just 0.4 percent of its workers working from home, as an example.

A Deloitte study on Global Human Capital Trends reported that 70 percent of employees value telecommuting, but only 27 percent of employers offer this option. Therefore, companies that provide opportunities for telecommuting may have a competitive advantage in attracting talent.

Reducing Employee Turnover and Increasing Productivity

While study results vary, there is evidence being offered that working from home can increase employee retention. One study by OwlLabs found that companies that support remote work have 25 percent lower employee turnover than those that don’t.

A study conducted by a Stanford University professor set up a control group between office-based workers and those were allowed to work from home. As the Harvard Business Review reports:

“Half the volunteers were allowed to telecommute; the rest remained in the office as a control group. Survey responses and performance data collected at the conclusion of the study revealed that, in comparison with the employees who came into the office, the at-home workers were not only happier and less likely to quit but also more productive.”

The professor noted that “The results we saw at Ctrip, (the company studied, which is the largest online travel agency in China and the owner of other travel sites worldwide including Trip.com) blew me away. Ctrip was thinking that it could save money on space and furniture if people worked from home and that the savings would outweigh the productivity hit it would take when employees left the discipline of the office environment. Instead, we found that…Ctrip got almost an extra workday a week out of them. They also quit at half the rate of people in the office—way beyond what we anticipated. And predictably, at-home workers reported much higher job satisfaction.”

Providing the option of working virtually can be a crucial factor in retaining valuable talent. If an employee needs to relocate temporarily for family reasons, such as caring for an older parent, or permanently due to a spouse’s job transfer, the employee can remain with the company by working remotely. Having this option available allows the employee to remain with the organization while the employer retains experienced talent and saves the costs of hiring and training a new worker.

Cost Savings for Employers and Employees

This same Stanford study showed that the company saved $1,900 per employee working from home over nine months. Remote workers allow employers to save money on furniture, parking, office space, insurance costs and other expenses. Global Workplace Analytics’ research shows that a typical employer can save more than $11,000 per year for each half-time telecommuter, the result of a combination of increased productivity and reduced real estate, turnover and absenteeism.

The cost benefits of remote work also extend to employees. Those working remotely save on commuting expenses, depreciation on their vehicles if they drive and gain the time back that would normally be spent going to and from work.

Can Remote Work Be a Solution for Your Business?

The difficulties of recruiting locally and the potential returns of developing a remote workforce may be attractive, but it is also uncharted territory for many companies. How would you source candidates throughout the nation and even beyond? Can you develop recruiting processes, including interviewing, that are effective using video and other tools if you have only relied on face-to-face meetings until now? And once a candidate is hired, how will you manage the onboarding process remotely? The answers to these and many other questions confronting a company exploring a remote workforce option can be provided by a recruitment process outsourcing company (RPO). An RPO can provide the experience, technology and expertise to ensure your success as you remove the geographic limits of your talent pool.

Military Spouses: How to Hire the Overlooked Talent Pool

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While a strong focus on veteran hiring has significantly lowered the unemployment rate of U.S. veterans, many employers are now starting to focus on another challenge. Military spouses still have a difficult time finding employment that matches their skill sets.

According to a study by the U.S. Chamber of Commerce Foundation, the unemployment rate for military spouses has hovered around 20 to 25 percent over the last decade. This means that military families are more likely than average to rely on a single income.

As employers work to support the military, the focus should now shift to the entire military family. While many employers have built robust veteran hiring programs, military spouse hiring programs struggle to gain traction despite the help and stability employment can provide for military families. By focusing on military spouse employment, organizations have the opportunity to not only support the military but also hire strong employees. In this article, we will dig into the demographics of who military spouses are, the challenges they face and how employers can hire and retain these valuable workers.

Who are Military Spouses?

In order to effectively recruit military spouses, it’s important to understand who they are. Military spouses form a diverse group with a variety of backgrounds and skill sets, but there are some commonalities.

They’re Overwhelming Young and Female but not Exclusively

A White House report on Military Spouses in the Labor Market shows that 92 percent of military spouses are female, and the average age is 33-years-old. The average American working age is 41-years-old.

This means average military spouses are within their prime working years. While the population is mostly female, employers should also recognize that male military spouses face many of the same challenges as female military spouses, but often lack support groups or feel overlooked.

They May be Veterans Themselves

According to the White House report, 12 percent of military spouses are active duty military themselves. Male military spouses are much more likely to be veterans. Nearly half of all married female active duty military members are in dual-military marriages.

They are Highly Skilled and Highly Educated

Military spouses are more likely to hold a bachelor’s or advanced degree than the general population. According to the U.S. Chamber of Commerce Foundation study, 34 percent have a college degree and 15 percent have a postgraduate degree. In the general population, according to census data, those numbers are 32.5 percent and 12 percent, respectively.

They Often have Children but not Always

The U.S. Chamber of Commerce Foundation study finds that 41 percent of military spouses have dependent children, and more than 70 percent of those children are 7-years-old or younger.

Having young children in the home can increase the pressure on military spouses to find flexible work, but military spouses without children can also benefit from flexible work arrangements.

They Manage Stress Effectively and Work Well Under Pressure

Because of the pressures associated with being a military spouse, including frequent moves, managing change and running a household through a deployment, military spouses learn to effectively manage stress and deal well with pressure.

According to Military.com, military spouses are quick learners, committed to service, adaptable and they bring a diverse set of skills. Military spouses pick up these skills dealing with the high stress of the military lifestyle, including managing and adjusting to frequent moves and taking on extra responsibilities and stress during a deployment. These traits often make them strong employees.

The Challenges Faced by Military Spouses

The issues faced by military spouses have broad implications. Finding work and managing a career is one of the top stressors for military families, just behind deployments and moving away from friends and families.

That stress plays a significant role in a veteran’s decision to leave the military, according to the U.S. Chamber of Commerce Foundation study, and impacts the military’s readiness and ability to recruit.

Increased Difficulty Finding Work

When searching for a job, military spouses say the most frequent issue they face is that employers don’t want to hire them out of fear that they will move. They also struggle explaining gaps in their resume and often need a more flexible schedule while their spouse is deployed.

Because of these challenges, about a quarter of military spouses say it has taken them more than a year to find a job after a move and many work part-time or seasonal jobs or work more than one job when they want permanent, full-time employment.

Need for a Flexible Work Environment

Military spouses may move frequently. In the U.S. Chamber of Commerce Foundation study, more than half of the military spouses surveyed report having moved more than 50 miles three times due to their spouse’s military career.

Additionally, more than 80 percent of military spouses have experienced a deployment during their spouse’s career. A deployment, especially for a family with children, can be disruptive to work life and make it more difficult for a military spouse to maintain a strict schedule. Because of this, positions that allow for remote work or flexible hours are ideal for military spouses.

Underemployment

When military spouses find employment, about 70 percent report that the job does not take full advantage of their work experience and education. Nearly two-thirds of military spouses say they have taken a decrease in pay or responsibilities in their current role.

Most military spouses with post-secondary education say that the military lifestyle does not support career opportunities for both spouses.

Best Practices for Recruiting and Retaining Military Spouse Employees

Identify Ideal Positions for Military Spouses

Because of the unique pressures faced by military spouses, organizations should determine if any positions would be an ideal fit for a military spouse or if any adaptations can be made to help a position fit better with the military lifestyle. Flexible working hours and the ability to work remotely should be considered.

Set Hiring Manager and Recruiter Expectations

Military spouses may have long resume gaps or short tenures at previous jobs. They may also have taken positions outside their area of expertise or made lateral career moves. Organizations should educate recruiters and hiring managers and set reasonable expectations. These factors alone should not disqualify a military spouse candidate.

Find Military Spouses Where They Are

Organizations looking to hire military spouses should post to job boards that target military families and partner with military advocacy organizations. A variety of national and local veteran organizations have job boards specifically targeted to military spouses. Employers should research to determine which are most often used in areas they are targeting. While job posts targeting veterans should use language that reflects their military experiences, military spouses have a wide range of experience and expertise. Because of this, employers don’t need to use military-specific language, but highlighting job benefits that are appealing to military spouses and stating a commitment to hiring military spouses can be beneficial.

Establish an Affinity Group for Veteran Spouses

Hiring a military spouse is just the first step. Much like veteran affinity groups, a military spouse affinity group can help new employees feel welcomed. An affinity group is a voluntary, employee-driven group of people with a common interest or goal. An affinity group is an opportunity for military spouses across a workplace to connect and support each other and help with the stress and pressures of being in a military family.

Focus on Retention Through Life Transitions

Because of the military lifestyle, a military spouse may need to relocate to follow their partner or adjust work hours to take care of their family if their partner deploys. In order to retain strong military spouse employees, organizations should determine what types of adjustments can be made to retain these employees through times of personal change – including remote work, temporarily reduced hours or a flexible schedule. This can increase employee engagement and help the military family through transitions.

Find a Partner with Experience Hiring Military Spouses

Organizations without experience hiring military spouses should consider turning to an RPO partner with experience hiring veterans and military spouses. RPO providers can bring their strong connections with partners like Hiring our Heroes and share their expertise in veteran and military spouse hiring.

Healthcare Workforce and Recruiting Trends to Watch

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The healthcare workforce is highly specialized. As a result, the healthcare workforce and labor market are uniquely competitive. To gain a competitive edge, healthcare organizations are looking for innovative recruiting solutions to find top-quality candidates who provide world-class care for patients.

In this post, we examine the trends in the healthcare workforce that will influence the future of healthcare recruitment.

Employer Branding for Healthcare Workforce

Top healthcare candidates have many options when it comes to employers and can easily research the experiences of employees in your organization on career sites such as Indeed and Glassdoor.

In fact, a survey conducted by LinkedIn found that 75 percent of job seekers consider an employer’s brand before applying for a job. What’s more, a study conducted by Healthcare Recruiters International found that over 90 percent of candidates think employer branding is an essential recruiting resource. So, how can you ensure you have an impactful employer brand?

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Conduct an Employer Brand Audit

Before developing your employer brand, you should conduct an employer brand audit. Your employer brand audit will help you understand how your brand distinguishes itself from competitors and provide a starting point from which you can build your strategy. Below are key questions to ask yourself during the audit:

  • Why would someone want to work for you?
  • What is the perception employees and candidates have about your organization?
  • What percentage of your employees would recommend your company as a great place to work?

Set your Employer Brand Strategy

Prospective healthcare employees are similar to patients in that both select the healthcare provider they feel most comfortable with. Your employer brand strategy should help make a candidate’s choice easier and provide assurance that he or she has chosen the right employer. Your employer brand strategy should contain the following three components:

  • Differentiators: A list of the benefits and unique qualities that are different or better about working at your healthcare facility.
  • Employee Value Proposition: Using your list of differentiators, craft a brief paragraph that positions your organization against other healthcare employers and demonstrates why candidates view you as an employer of choice.
  • Employer Brand Promotional Plan: Develop a plan to share your employee value proportion with candidates, including the tactics you will use, the tools you need and the schedule you will follow to attract potential new hires and retain current employees.

Promote Your Employer Brand to the Healthcare Workforce 

Once you have established your employer brand, it is time to promote it. You can promote your employer brand by highlighting your workplace benefits and culture in recruiting materials, on your website and social media channels and in your job postings and candidate outreach emails. Some examples of ways to promote your employer brand include:

  • Sharing videos and pictures of your workplace to show what working for your healthcare organization is like.
  • Leveraging your social channels to show off your workplace and company perks so that a candidate can assess what you have to offer.
  • Building a career site that makes visitors feel welcome and gives applicants the information they are looking for, such as details about employment opportunities, company culture and work environment.
  • Telling engaging stories from current and former employees to better attract the type of healthcare candidates who could see themselves in those stories.

Diversity in the Healthcare Workforce

Healthcare is experiencing a shortage of workers, and professionals of diverse backgrounds are particularly underrepresented in many occupations and in the upper ranks of many healthcare organizations.

Minority Workers in the Healthcare Workforce

With demand in many healthcare professions at record levels, career opportunities abound for individuals of all backgrounds. However, Black, Hispanic and Indigenous Americans make up almost a quarter of the U.S. population, yet as a group, they account for only 6 percent of physicians, 9 percent of nurses and 5 percent of dentists according to the Sullivan Commission on Diversity.

Healthcare organizations can play a significant role in addressing this issue by:

  • Promoting healthcare careers to diverse populations via school programs and community organizations.
  • Encouraging students to shadow healthcare professionals and explore careers in healthcare.
  • Recruiting ethnically diverse individuals for every-level positions to increase current minority representation.
  • Offering internships, residencies and fellowships to ethnically diverse students. For example, the Institute for Diversity in Health Management in Chicago offers summer internships to college students.

Healthcare Workers with Disabilities

Individuals with disabilities can pursue successful careers in the healthcare field. Opportunities are available, but so are obstacles, from expensive equipment to accommodate workers to licensing requirements.

Some disabled healthcare workers take advantage of programs specifically designed to recruit those with disabilities. Project Search at the Cincinnati Children’s Hospital Medical Center gives high school students with disabilities the opportunity to learn about careers in healthcare. Healthcare organizations can also provide assistance to workers with disabilities by:

  • Creating formal policies and procedures on accommodations for staff with disabilities. Invite employees with disabilities to work with on these policies.
  • Making the online application process easier to use, with fonts that can be enlarged or a site that can be used with a screen reader.
  • Advertising your healthcare organization as an equal opportunity employer and including contact information for anyone having problems accessing your organization because of a disability.

Aging Healthcare Workforce

According to the American Association of Colleges of Nursing the median age of a Registered Nurse (RN) is 46 years old. Plus, more than a quarter of RNs report they plan to retire or leave nursing over the next five years. These demographic trends portend significant employment challenges in the near future in the U.S.

Healthcare employers will need to rethink their current employment policies and practices to simultaneously retain talented older staff and create job opportunities for new workers of all ages. Many healthcare organizations are taking proactive steps to confront the problems that will occur as the healthcare workforce matures. Some of these strategies include:

  • Developing strong outreach mechanisms to attract promising senior candidates to healthcare management careers.
  • Publicizing career advancement opportunities, such as continuing education, professional development organizations, networking events and vacancies inside the organization, in a manner that appeals to everyone, especially older individuals.
  • Creating environments that encourage retention, development and promotion of qualified elderly or senior employees.

Greater Use of Technology

As technology continues to become more sophisticated, it will play an increasingly important role in finding and hiring talent in healthcare. In fact, according to Ideal, 96% of senior HR professionals believe AI has the potential to greatly enhance talent acquisition and retention.

AI can help reduce unconscious bias during the hiring process by anonymizing candidates and focusing on skills, not age, gender or race, auto. AI technology can also be used to improve the screening process and manage interview scheduling.

Drafting Better Job Posts

Finding the right candidate in the healthcare workforce begins with the right job posting. In fact, it is often the first thing candidates see from your organization, so it is important to make a good impression.

Today, AI technology can utilize algorithms to assess and analyze language patterns in job postings to determine why some fail and others succeed and suggest keywords to make job descriptions more appealing to candidates. As the AI technology analyzes more job posts, it becomes more accurate with its language suggestions, helping employers draft precise job descriptions.

While there may never be a perfect job posting, AI technology is getting us closer.

Advanced Candidate Screening

Traditionally, candidate screenings begin with reviewing an applicant’s resume followed by a brief phone call. This means that recruiters and hiring managers have only their judgment of a resume to assess whether a healthcare candidate would make a good hire.

Healthcare recruiters know that resumes are an incomplete picture of someone’s skills, achievements, capabilities and most importantly, personality and culture fit.

AI technology can also be used to cull data and metrics healthcare organizations have on their employees to build predictive models and personality profiles that help lead to candidates who fit the company culture and job requirements more accurately and can reduce time-to-fill metrics.

Automating Recruiting Tasks

In healthcare recruiting, administrative tasks such as resume screenings and scheduling interviews can be time-consuming. With the assistance of AI, recruiters and hiring managers can reduce their time spent conducting administrative work by using AI and Robotic Process Automation technology to automatically screen candidates’ resumes using keyword and qualification searches.

AI can also help schedule interviews with candidates through email or chatbot programs that bring more personalization to the communication process. Not only does this save time that recruiters can spend on more critical tasks, it also accelerates the interview process, helping reduce time-to-hire and ultimately providing healthcare organizations with an advantage when competing for talent.

Conclusion

Your healthcare organization’s success depends on your ability to adapt to changes in recruiting and healthcare talent management. Healthcare RPO is one way the sector is staying on top of a difficult hiring environment.

Paging All Doctors: Effective Physician Recruiting Strategies and Tactics

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The Association of American Medical Colleges has projected that by 2036 there will be a shortage of up to 86,000 physicians. This shortage will include both primary and specialty care physicians. Despite the looming shortage, hospitals and healthcare systems are increasingly investing in physician recruiting. Three-quarters of healthcare organizations surveyed by independent consulting firm Sullivan, Cotter and Associates said they plan to increase the number of employed physicians in the coming year.

To attract and hire good candidates in a high-demand hiring environment, healthcare organizations need to create an outstanding physician recruiting strategy. In this post, we explore proven tactics healthcare organizations can implement to recruit and retain top physician candidates.

Make the Candidate Experience the Heart of Your Physician Recruiting Process

The physician recruiting process requires tremendous time and effort, great attention to detail and timely ongoing two-way communication between candidates and employers. Because of the time-intensive nature of the process, poorly executed physician recruiting is expensive.

In a candidate-driven talent market—especially so for physicians—it is important for you as an employer to make a good impression on the candidates you are pursuing. To ensure success when recruiting physicians, healthcare organizations need to roll out the red carpet for candidates and provide them with an extraordinary candidate experience.

Communication

Communication is the cornerstone of great candidate experience. To build strong relationships, recruiters should work to understand the physician’s needs and wants. When contacting a candidate, a recruiter should open a dialog about what motivates them and work to identify issues and concerns they may have.

Transparency 

Organizations should also make it easy for candidates to evaluate their organization to shape their views and impressions early and accurately. To help facilitate this, a physician recruiter can leverage innovative recruitment technologies and techniques such as video interviewing and virtual office tours can engage candidates in new ways and help your organization leave a lasting impression.

physician recruiting companies

Interviewing Candidates

The interview is not only an ideal way to further assess a physician’s fitness for a position, but also an important chance to “sell” your job offer.

Wherever possible, relate what you do to the interviewee’s medical background and previous clinical experience. One of the easiest ways to do this is to ask candidates why they want to work for you and use their reply to tailor your response, highlighting the parts of the job that may appeal most to them.

Technology can help with interviewing as well. Automated interview scheduling can save you time and video interviewing can be used to conduct real-time interviews with physicians in different locations or to pre-recorded interviews that can be watched when it is convenient for the physician recruiter.

Be Responsive                         

For physicians, a typical day on the job can be hard. Often, it includes running non-stop for eight to 12 hours, being constantly interrupted, having patients demanding attention and making rapid decisions. This makes the responsiveness of your recruiters and their ability to communicate with them quickly and effectively crucial to the recruitment process.

physician recruiter

A physician recruiter should leverage technology to help them stay organized and respond quickly to candidate inquiries. Recruiters should also make sure that the next steps in the hiring process are outlined and communicated to the candidate well in advance. When done efficiently, responsive physician recruitment can reduce confusion between candidates and recruiters and cut down time-to-hire.

Include the Candidate’s Family

Family concerns play a significant role when considering a new position for many physicians, especially one that may require them to relocate.

When recruiting a candidate, consider whether the location of your organization provides the candidate’s spouse with professional opportunities or the candidate’s children with good schools. All of those items affect a physician’s decision to accept a new job offer.

If the candidate makes a visit to your hospital or clinic, include family members in the experience. Giving family members the opportunity familiarize themselves with your community can favorably influence a candidate’s decision.

Physician Recruitment and Become an Employer of Choice for Physicians

An employer that offers a positive work culture and environment not only attracts great candidates but also increases the chance of retaining them.

physician recruitment

Becoming a healthcare employer of choice means that physician applicants are eager to work for your organization, that other healthcare workers envy your employees, you receive lots of resumes from eager candidates and that your best employees are likely to remain with your organization throughout their careers.

What is a Healthcare Employer of Choice?

Healthcare employers of choice are motivated by the well-being of both employees and patients. An employer of choice clearly differentiates between themselves and competitors in key benefits, such as life insurance, disability, paid time off and retirement, as well as certain physician-specific benefits, such as continuing medical education expenses, licensing and medical malpractice insurance.

Schedule Manageable Workloads

Organizations that want to become an employer of choice should try to make sure that physician workloads are manageable to prevent physician burnout. This can be done by reducing the number of patients they see during a shift to ensure physicians have ample time to sit down with patients and families to discuss treatment and post-discharge care.

Work-life Balance and PTO

For many physicians, work-life balance can seem like more a work-life puzzle. The healthcare field can make trying to fit in time for family and friends, hobbies, or any other activity that occurs outside of work difficult.

It is a daily struggle. For some, the struggle leads to stress, which leads to a lack of motivation. A large part of your physician recruiting and retention strategy should revolve around providing candidates with favorable or flexible scheduling and a healthy amount of PTO time to show that your organization is committed to a healthy work-life balance.

Clearly Communicate Your Benefits Package

In order to appreciate the benefits your organization offers, candidates need to be clear on the options that are available to them. If your organization provides the opportunity to earn bonuses based on performance, a partnership track or retirement benefits, make sure that your recruitment messaging communicates those benefits clearly.

Sometimes employees can be hesitant to use some of the perks provided by an organization. It is essential that your workplace culture encourages your employees to use their benefits.

Next Steps For Physician Recruiters

Every physician views career success differently, and one of the keys to effective physicians recruitment is discovering what motivates them. Some physicians may be fresh out of residency and concerned about paying back student loans while others might be seeking the prestige of a leadership position or teaching opportunities. Find out what success means to your candidates and discuss how you plan on helping them achieve it.

Removing Barriers to Employment for the Long-Term Unemployed

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With record low unemployment rates in the U.S., the UK and other leading economies, recruiters seeking to attract talent may assume that everyone who wants a job already has one.

However, this not the case, even in the strongest job markets. In the United States, the long-term unemployed are defined as those who have been out of work for 27 weeks or more and are searching for work. In May 2018, when the jobs report numbers were so good that reporters ran out of words to describe it, nearly 1.2 million individuals had been out of work and seeking employment for more than six months. The long-term unemployed made up 19.6 percent of all unemployed Americans and May was the first month that this percentage fell below 20 percent since the Great Recession.


During an economic downturn, the primary cause of long-term unemployment is simple: there are not enough jobs to employ those who want them. With the robust job growth over the last year, the ranks of the long-term unemployed in the U.S. have fallen by one third. During times of economic growth, causes of extended joblessness can often directly be addressed and remedied by employers.

Minding the Resume Gap


Imagine being a qualified job candidate who has been unemployed for nearly a year. After months of disappointment, a job comes along that looks like a perfect match. The candidate is excited to fill out the online job application, but when they reach the job history section, they see: “Please provide the start and end dates for all of your jobs. If there is a gap of more than six months, please provide an explanation.” These types of questions related to job history can be used (or perceived to be used) as a way to disqualify candidates.


The Deloitte Handbook A Guide to Recruiting and Hiring the Long-Term Unemployed recommends removing filters and screening procedures that ask for dates of last or current employment and automatically eliminate unemployed and long-term unemployed applicants. It also recommends confirming that Applicant Tracking Systems do not screen out resumes based on employment status.

Avoid Date Limits on Valuing Experience


A candidate who has been unemployed for an extended period may possess years of valuable experience and required job skills. It is important for employers to consider whether their recruitment process gives undue weight to recent expertise over cumulative experience gained over the lifespan of a career. Recruitment processes should also be checked for any potential bias against older applicants. An OECD study found that incidence of long-term unemployment increases with age throughout many developed economies.

Addressing the Jobs Skills Gap


A lack of in-demand skills can be a cause of long-term unemployment. There are many resources for those with extended joblessness to receive training in marketable skills. Employers can build relationships with these agencies as part of their recruitment program to target the long-term unemployed. In the UK, skills training can be included as a standard benefit offered to the long-term unemployed. In Australia, the government offers programs which include training for young people and others who either have or risk having long periods of unemployment. Job training services are also provided by Canadian provinces and by state and local governments in the United States.


There are numerous local initiatives in which businesses combine with non-profit agencies to provide skills in an effort to fight all levels of unemployment. Employers can work closely with these agencies to source available talent (often at reduced sourcing costs) and even partner with them as part of their community engagement efforts.

Reaching the Hard to Reach Talent


Individuals without strong job seeking skills can have their period of unemployment unnecessarily extended. For example, the process of finding a job 15 years ago was completely different from today. Reaching candidates whose experience and skills may add tremendous value to your organization requires specialized expertise in sourcing that may not be readily available in many human resources departments. Several leading employers have turned to Recruitment Process Outsourcing (RPO) companies to successfully attract and recruit hard to reach talent.

Worth the Effort


For many companies, the incentive to attract the long-term unemployed may be to meet a need to recruit the last pool of available talent in a tight labor market. However, hiring those with extended unemployment can potentially be a valuable tool in retaining talent, which is critical in today’s economy. The Deloitte handbook cites a White House study that found that companies that hire the long-term unemployed experience higher retention rates and greater workforce loyalty. Given the potential for talent attraction and retention, employers who remove barriers for the long-term unemployed may gain an unexpected competitive edge in an increasingly challenging market.

Wages and Recruitment: The Pressure is Building

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The scene opens on an office with two people facing each other across a desk. The one behind the desk takes a piece of paper, and with exaggerated strokes, writes an unseen amount on it, folds the paper in half and slides it slowly across the desk. There is tension in the air. The paper is picked up, unfolded and read. The entire plot hinges on whether the amount, still invisible to the viewer, is accepted or rejected.


This performance has played out countless times in films and television. For those attempting to recruit in a tight labor market successfully, the scene may feel uncomfortably familiar. Determining the right wages at a time of record high job openings and low unemployment can seem daunting. Offering wages that are too low can repel the best talent while offering wages that are unnecessarily high can impact a company’s profitability. Understanding the causes of current wage pressures allows employers to make informed decisions that will have a positive effect on their recruitment processes.

Beyond Supply and Demand – Causes of Wage Pressure


It’s Economics 101: the cost of goods and services rises when their availability decreases. When there is low unemployment, available workers are scarce. Companies that are seeking to attract talent need to source from a limited pool of available workers as well as those who are currently working. Since the top reason that workers quit their jobs is for better pay elsewhere, companies face the dual challenge of finding the right salary to offer the workers they are trying to attract while also retaining their current employees. While this supply and demand scenario is critical to understanding wage pressure, there are other important factors at work in today’s recruiting environment.

Cost of Living


Inflation continues to remain at low levels in most major economies, but the cost of living is rising in many places due to high housing costs. This is especially true for cities that are major business and financial centers. Companies recruiting in these metropolitan areas need to factor in the current and potential future cost of living in these locations when determining their wage ranges as part of an effective recruiting strategy.

Competition from the Gig Economy


The gig economy was not a factor in wage pressure just a few years ago, but it is an integral part of today’s talent landscape. Uber, the company that pioneered this sector, surpassed 1.5 million drivers last year. Some people may choose to work in the gig economy to supplement the income from their full-time job. For others, gig work is an attractive alternative to working set hours, going to an office and having a boss. Employers that want to attract talent to fill positions need to know how their pay rate compares with those choosing to work as independent contractors by tapping on an app.

Skills Shortage


Supply and demand also come into play when there is a shortage of workers who possess the skills required by employers. Consider the example of welders in the United States. In 1988, there were about 570,000 welders compared to the 360,000 in 2012. The American Welding Society estimates a 290,000 job deficit for welders by 2020. Due to a skill shortage and increased demand, wages for welders are projected to increase at nearly double the rate of the average U.S. worker. Wage pressure resulting from skills shortages is a global issue. Employers should factor in the availability of workers with the required skills, or those that can be trained to acquire these skills, when determining pay rates.

What Wage Pressure? 


The United States and other leading economies have had sustained job growth and low unemployment for an extended period, without experiencing a corresponding substantial increase in wages. However, there are leading economists that believe that wage inflation is imminent. Employers seeking to find the best talent should take note of the current economic environment in the U.S. A recent article in Bloomberg reported that during the current economic cycle, the rate at which workers are leaving their jobs has accelerated to its highest point in the in the past six months. This is an indication that the strong labor market is giving workers the confidence that if they leave a job, another one can be found without difficulty.


The article goes on to cite The Federal Reserve Bank of Atlanta’s wage measure for job switchers, those who leave one employer for another, which has also rebounded to cycle highs in recent months, reaching 4.4 percent in March and 4.0 percent in April. The article goes on to note: “Seems like a good environment for workers facing stagnating real wage growth to start looking for greener pastures, forcing firms to boost compensation more aggressively to attract and retain employees.”

Relieving the Pressure on Recruitment


With so many factors to consider, how can employers determine a wage range that will attract the best talent without causing an unnecessary negative impact on profit? Companies should consider partnering their recruitment efforts with an expert, such as a recruitment process outsourcing company or RPO.  RPOs can provide information on current wage rates, the supply and demand of workers in specific markets and the ability to source and screen candidates. An RPO provides the steps to deliver the best candidates while delivering an employer the insight to offer the right wages to attract the right talent. By partnering with an RPO, an employer can leverage an understanding of wage pressure into an asset in its recruitment efforts.

Changing Workforce Demographics: Aging Talent

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An Aging Workforce in an Aging World

For the first time in history, the majority of people on earth will live to 60 years of age and beyond. This is true in high, medium and low-income nations. People are not only living longer, but they are working longer. In the U.S., 23 percent of workers are aged 55 and older. Over one-third of Canadians over the age of 55 are still working and in the UK, workers over 50 comprise 27% of the workforce. In Australia, labor force participation, (those working or actively looking for work), for those 55 and older has never been higher. The demographic shift towards an aging workforce brings both unprecedented opportunities and challenges for organizations that want to attract and retain talent.

A Talent Ticking Time Bomb?

The Deloitte 2018 Global Human Capital Trends Study notes that “population aging poses a workforce dilemma for both economies and organizations. Thirteen countries are expected to have ‘super-aged’ populations—where more than one in five people is 65 or older—by 2020, up from just three in 2014. These include major economies such as the United States, the United Kingdom, Japan, Germany, France, and South Korea. China’s 65-and-older population is projected to more than triple from approximately 100 million in 2005 to over 329 million in 2050. In fact, analysts have estimated that 60 percent of the world’s population over 65 will live in Asia by 2030.”

The study notes that almost all developed economies have a birthrate below the “replacement rate,” or the rate of babies born that will ultimately replace previous generations, leading to a potentially catastrophic talent shortage. Citing the example of Japan, now the world’s oldest country in terms of population, a shortage of approximately 1 million workers in 2015 and 2016 is estimated to have cost the economy $90 billion.

To bolster its declining talent pool, Japan changed its laws so that descendants of Japanese citizens living abroad would be attracted by newly available long-stay visas and work permits. It had particular success in attracting workers from Brazil with as many as 320,000 Brazilians of Japanese descent working in Japan ten years ago, although that number has decreased in recent years. China also faces a steep plunge in its working population in the coming years and has made it easier for those of Chinese descent to live and work there.

Despite these developments in Asia, addressing a workforce shortfall through immigration appears to be an increasingly remote option for many advanced economies. A recent article in the Economist explains that the trend in many countries has been to place increased barriers to foreign talent. For organizations seeking to successfully navigate this demographic reality, success may depend on leveraging the talent of an older workforce, mentoring, succession planning and redefining the concept of retirement from work.

Older Workers as Outperformers

There is evidence that older workers have an edge on their younger colleagues regarding work performance. A study conducted by a management professor at the University of Pennsylvania’s Wharton School of Business concluded that older workers often out-perform their younger colleagues, stating “when it comes to actual job performance…older employees soundly thrash their younger colleagues…every aspect of job performance gets better as we age…I thought the picture might be more mixed, but it isn’t.”

Creative solutions which include accommodating the needs of older workers can help utilize their talent and positively impact a corporation overall. The Economist cites an example from BMW:

“When BMW, the German car maker, faced an outflow of workers it applied an adaptive approach for older workers with great success:…facing an imminent outflow of experienced workers, [it] set up an experimental older-workers’ assembly line. Ergonomic tweaks, such as lining floors with wood, better footwear and rotating workers between jobs, boosted productivity by 7%, equaling that of younger workers. Absenteeism fell below the factory’s average. Several of these adjustments turned out to benefit all employees and are now applied throughout the company.”

Employer Brand Ambassadors and Mentors

Older workers, especially those with significant tenure in an organization and industry, can serve a critical role in its talent lifecycle. Older employees can become employer brand ambassadors by effectively sharing their success stories with prospective candidates as part of an organization’s recruitment marketing messaging. Older employees can be mentors for new workers being onboarded that not only teach necessary skills but also help acclimate a new employee to the organization’s corporate culture. If a company’s workforce is reflective of the economy as a whole, then it should plan to see an exit of at least one-fifth of its employees due to retirement in the next ten years. These older workers form a natural base for a mentorship program which can play an essential role in succession planning.

Redefining Retirement Age

The days when turning 65 meant the end of working life appear long gone. Some workers past the traditional age of retirement have no choice but to continue working due to a lack of savings. Others choose to keep working, on a full or part-time basis, or as consultants. Companies will also have to compete with the trend towards entrepreneurship for talent 65 and over because this age group is more likely than any other to be self-employed.

Having the Competitive Advantage

What does an aging workforce mean for the overall talent strategy of your organization? Does your organization have the necessary insight into the challenges and opportunities that an aging workforce presents? If not, this expertise can be provided by recruitment experts such as a recruitment process outsourcing (RPO) company. Whether your strategy is developed in-house or with a partner such as an RPO, the current tight job market drives the need to build a talent program that integrates the reality of this important workforce demographic. As the Deloitte study concludes “The demographic math is undeniable: As national populations age, challenges related to engaging and managing the older workforce will intensify. Companies that ignore or resist them may not only incur reputational damage and possible liabilities but also risk falling behind those organizations that succeed in turning longevity into a competitive advantage.”