As the struggle to find right-fit job candidates continues for employers, a new report indicates that companies in the past year have increased compensation, added employee recognition programs, and invested in learning and development allowances in order to attract top talent.
The third annual Global Trends Report from HireVue—a global leader in video interviewing, assessments, and text-enabled recruiting tools—reveals these and other findings. The report is based on a survey of more than 4,000 "talent leaders" in the United States, the United Kingdom, and Australia regarding how they've adjusted their hiring strategies.
Respondents reported increasing technology budgets to improve hiring efficiency (30%) and increasing their emphasis on internal mobility (50%), especially in industry sectors that experienced more hiring freezes (finance) or layoffs (software). Additionally, half of all respondents indicated that resignations at their company are higher than they were last year.
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