In our last post, we covered some of the biggest pieces of advice for staffing agencies going into 2018. In this post, we’re going to cover some of the proposed trends that will shape the staffing industry this coming year and beyond. From shrinking the skills gap to utilizing technology, there are a lot of trends to be identified this year. Before reading on, protect your operation with a Staffing General Liability Insurance policy.
Predictive analytics.
As more technology becomes available, recruiters are using more predictive analytics to determine how the candidate will fare and perform in the role. By taking data from the start and comparing it over time, you can identify your top performers and evaluate your placement strategies. However, this is a new strategy and only in its infancy. In fact, only 35% of recruiters have already implemented this tactic in their hiring practices. In 2018, it is expected to increase tenfold.
Diversity.
This is an age-old issue where companies are hesitant about promoting different races, genders, lifestyles, etc. Recruiters must understand the importance of hiring an inclusive workforce to increase diversity.
“The savviest recruiters will understand that this effort is about more than following guidelines and ensuring compliance with regulations,” says Miriam Dushane, managing director at Linium Recruiting. “True diversity is about embracing the concept of being inclusive, and of recognizing the value that a diverse workforce brings to enrich a company’s workplace, enhance productivity and grow its bottom line.”
Dushane explains to HR Drive the following ways in which companies can be more inclusive:
- Getting to know the various groups in society and, specifically, in your own community;
- Doing outreach to learn about the issues that are important to you; and
- Following up with candidates about how your organization and its culture are addressing their values.
Hiring for gigs.
As the job landscape changes, more and more companies are converting to gig economies rather than the traditional 9-5. This has exploded in popularity over the last few years, and it’s predicted that by 2027, 60% of the workforce will be a gig economy.
Gig workers haven’t historically been who staffers seek out, but now that the work structure is continuing to change, staffers must invest in new technology and communication methods to place contract workers for their clients.
Reworking job ads.
Federal agencies are on the lookout for job ads with discriminatory language, and state and local governments are increasingly limiting factors that employers may use to screen candidates.
Any words that could be interpreted as discriminatory are flagged and can be cited for bias. There are new software programs that can scan your job ad to determine if it’s fair before sending it out to prevent unwanted fines.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage we have available to protect your staffing business, give us a call at (800) 245-9653 to speak with one of our representatives.