Stock illustration: Compass pointing toward an individual. Credit: Olivier Le Moal/Shutterstock.com

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.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.