What are the top reasons driving companies' need to hire?
Amid the climate of mass layoffs, many Canadian employers still plan to hire in the first half of 2024, according to a recent Robert Half report.
Overall, 54% of companies plan to add new roles, 40% plan to fill vacated roles, and 68% plan to increase contract hiring.
Companies of all sizes have the intent to hire in the first six months of this year.
Among large employers (500+ employees), 59% are hiring for new roles and 33% are hiring workers for positions vacated by employees who departed from the company.
The numbers for midsize employers (250-499 employees) are 51% and 44%, and for small employers (20-249 employees), these are 49% and 44%.
Here are the best practices for hiring workers during mass layoffs, according to one expert.
Why do we need to hire employees?
Among companies hiring workers from January to June 2024, 64% are looking to fill entry level roles and 44% are looking for those who can handle managerial positions, according to Robert Half’s survey.
Just 6% are searching for people to hold director and above positions.
What’s driving companies’ need to hire? Company growth (61%) is the top answer, according to the report.
Meanwhile, 50% say it’s the lack of requisite skills among current employees, and 48% cite employee turnover.
Employers like Canada’s Wonderland and PepsiCo, among others, have announced their hiring campaigns this year. And 42% of workers have already started looking or plan to look for a new job in the first half of 2024, according to a previous report from Robert Half.
How do you hire the right people?
However, hiring will not be easy, hiring managers believe, according to Robert Half.
The top challenges they anticipate are:
- finding people with the required skills (53%)
- hiring quickly enough to land the best talent (49%)
- meeting applicants’ salary expectations (48%)
- finding candidates who align with company culture (47%)
“The path that organizations need to take to identify the right applicants is long and winding. Attracting and eventually hiring them is equally difficult,” says Emma Collins, technology researcher, Select Software Reviews.“One wrong move and the ideal candidate could lose interest, which means that you miss out on the chance to add talent that could help your company grow.”
She shares the following tips and recommendations to hire the right people:
- Communicate your employer brand.
- Optimize for mobile recruiting.
- Keep track of backup candidates.
- Step up your onboarding game.
- Get the feedback of new hires.
- Keep on improving your hiring process even if you don’t have a job opening yet.
One in two employees in the United States have confessed that they are likely to lie in their resumes amid rising costs of living, according to a previous survey.