STOCKHOLM, SWEDEN, June 7th 2022 – Universum’s Employer Branding NOW 2022 research, carried out throughout the first quarter of this 12 months, reveals the hiring atmosphere is deteriorating additional – even for prime employer manufacturers. Among the many World’s Most Enticing Employers, 81% say the hiring atmosphere is getting tougher and 58% say recruiting wants are rising. Maybe most stunning of all, this similar group says their budgets are shrinking.
“In all of the years operating this research, we’ve by no means seen such a widespread unfavourable outlook for hiring,” says Richard Mosley, International Shopper Director for Universum. “These difficult circumstances can, nonetheless, be an incubator for innovation – and Universum’s analysis underlines this. Anticipate prime employers to double-down in areas like reskilling present expertise, scaling using freelance expertise, and getting inventive with employer branding.”
Universum, the worldwide chief in employer branding, surveyed over 1,650 human assets and expertise administration leaders from 75 nations from March to Might 2022. The analysis seems at a variety of points in recruiting and retention, together with employer branding, budgeting, expertise and worker engagement. The survey additionally collects insights from the World’s Most Enticing Employers, a cohort of the highest world employers as recognized by job seekers across the globe.
Amongst different noteworthy findings from the analysis:
Because of the tight expertise market, corporations are creating expertise from inside. Throughout industries, corporations are investing in reskilling present expertise and selling individuals from inside; among the many WMAE, 37% say enhancing inside profession mobility is a “main precedence.” It’s a win-win for employers, who can entry abilities which can be in excessive demand/low provide, whereas additionally constructing a popularity as an organization that invests in expertise.
Corporations are shortly diversifying expertise sources: This implies casting a wider internet to draw and rent new expertise, together with hiring extra freelancers, part-timers, and boomerang workers. (Universum’s research reveals that 44% of enterprise employers use freelancers as a part of their sourcing technique, and one other 24% of these plan to take action.)
Many expertise leaders admit they’re nonetheless not data-driven on the subject of recruiting. Corporations clearly point out that data-driven recruiting is a precedence, however solely half “steadily or all the time” make employer model advertising and marketing choices which can be data-driven. As hiring wants ramp up in 2022-23, making the argument for larger budgets will depend on a data-driven strategy.
Employer branding is important to standing out amidst expertise disruption. Among the many WMAE, 86% name it a prime precedence — a 15 level leap in only one 12 months. And amongst non-WMAE giant corporations, 75% cite it as a precedence in 2022.
“Witnessing double-digit progress in those that name employer branding a prime precedence is totally unprecedented,” says Universum CEO Mats Röjdmark. “High employers view employer branding not as an expense, however as a strategic asset – one that may appeal to and retain the kind of those who drive progress and innovation. Seeing the World’s Most Enticing Employers pivot so sharply to prioritize employer branding in 2022 is a vital sign for all employers.”
To obtain a duplicate of the total Employer Branding NOW report, which incorporates further analysis about subjects akin to EVPs by firm measurement, expertise provide chain methods, and data-driven recruiting, go to: https://universumglobal.com/employerbrandingnow2022/
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