What’s changed with hiring and recruiting? The short answer is everything. Today’s guest is the Chairman and Chief Executive Officer of Recruiter.com, an on-demand recruiting platform providing flexible talent acquisition solutions that scale from startups to the Fortune 100, and he has great insights into the future of hiring.
Evan Sohn is a frequent contributor to CNBC and Yahoo! Finance and demonstrates expertise in a diverse set of industries, including Wi-Fi, Instant Messaging, data security, customer relationship management (CRM), and much more.
The state of hiring can be broken down into three parts: what was happening pre-pandemic, what is happening currently, and what the future of hiring looks like. Wage inflation means across the board, people are worth more than they were two years ago. Zoom interviews make it easy to connect with your potential new boss, and employees aren’t expected to stay at a job nearly as long as they once were. Every micro-change that has affected the job market over the last few years will never again return to the “normal” way it once was.
It’s predicted that in 2022, the U.S. will spend $50 billion more on hiring and retaining than was spent in 2019. More people are quitting as a result of the Great Resignation, but more people are getting hired as well. In many cases, the firing and hiring are simply a reflection of right-sizing teams.
So what metrics should HR and employees be held to? There needs to be more to the hiring process than just understanding compensation. Employees need to understand what they will be able to do at the end of the job, as well as what the career benefits are within the position.
If employees are willing to walk for a few more dollars, then something needs to change. Companies that have a unique culture, a clear advancement path, and a flexible environment are the companies that are going to be able to hire — and retain — the kind of employees that are going to stick around.
Interview Links:
Evan Sohn
Resources:
20,000 Scaleups
Scaling Up Summits (Select Bill Gallagher as your coach during registration for a discount.)
Bill on YouTube
Scaling Up is the best-selling book by Verne Harnish and our team for Scaling Up Coaches (formerly Gazelles). We share how the fastest-growing companies succeed where so many others fail.
Bill Gallagher, Scaling Coach and host of the show, is an international business coach who works with C-Suite leaders to achieve breakthrough growth.
We help leadership teams with the biggest decisions around People, Strategy, Execution, and Cash so that they can Scale Up successfully and beat the odds of business growth. Scaling Up is based on Verne’s original best-selling business book, Mastering the Rockefeller Habits.
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