Today’s Economy Calls For A New Approach to Recruiting

by | May 3, 2023 | News

In recent years, change has been the only constant for global HR organizations. From the early days of the COVID-19 pandemic to the ripple effect of a challenging economy, HR leaders and their teams have had to consistently navigate uncharted waters. In just a short period of time, these teams have had to quickly make a dramatic shift to all-remote work and the ripple effect of that, to now dealing with a record low unemployment rate, right sizing, or in some cases – layoffs.

Regardless of the situation, talent teams are finding themselves yet again needing to pivot to adjust to today’s realities. Some have even had to downsize recruiting teams, leaving recruiters with an even bigger requisition load than before. But in challenging times, often comes the opportunity to not just survive – but thrive.

In today’s unpredictable economy, those talent teams who are resilient and able to pivot quickly, will embrace new ways of doing things and new technologies to support their talent acquisition efforts. Times of adversity call for us to think outside the box, not simply carry on as business as usual.

We’re seeing this every day in our conversations with talent acquisition teams who are looking for new and innovative ways to thrive in these challenging times. And innovation doesn’t always need to be a herculean effort, nor does it need to cost a fortune. We’re helping talent leaders embrace a new approach to recruiting; one that is innovative yet practical; provides exponential value, yet is cost-effective.

Here are three ways we’re helping talent teams rethink their approach to recruiting in an effort to thrive in today’s challenging market:

  1. Don’t rely on the same old technology and processes.
    You’ve heard the saying, “the definition of insanity is doing the same thing over and over again, but expecting different results.” Well, that theory applies to recruiting, too.You can’t rely solely on your ATS or HRIS systems to find great talent, because at the end of the day, these technologies are simply workflow management systems. They’re not designed to help you source and uncover talent in today’s unique climate. Many of these systems do not even have effective search functionality in place, let alone artificial intelligence built into them, leaving recruiters with the arduous process of starting from scratch with every requisition.

    Instead, look for tools that offer a new approach to recruiting – ones with intelligent job-matching capabilities (think artificial intelligence and machine learning), which will quickly serve up  the right people for the right jobs at the right time. AI and machine learning can help recruiting teams cast a wider net and identify top talent in an efficient, consistent, and unbiased manner by considering all potential candidates, including those buried within existing databases Tools that have AI and machine learning built into them can also help talent teams start sourcing as soon as a requisition is posted, greatly simplifying the process and saving them a tremendous amount of time along the way. A simple, yet new approach like this can be the make it or break it of your recruiting efforts this year.

  2. Work smarter, not harder.
    This is simply not true. One of the reasons we created MojoHire was to give an alternative to major implementation and cost heavy hiring solutions, such as bringing on a new ATS, HRIS or CRM platform. MojoHire is a cost-effective option for companies that are looking for opportunities to save both time and money without sacrificing quality or experience. In addition to being a fraction of the cost of some of these full-scale systems, we only require a short amount of time for implementation. Be up and running in weeks, not months, and see an impact right away.With MojoHire, your talent acquisition teams will benefit from no longer needing to toggle between different systems to access internal and external candidate information. Instead, they’ll use one platform (MojoHire) to easily access the treasure trove of candidate data that was previously lost within their existing, clunky and hard-to-use systems. We’re a fraction of the cost of what many talent leaders are used to spending on large technology deployments.
  3. Think twice before throwing tons of money at the problem.
    You might be tempted to look into replacing your existing applicant tracking system or bringing on other high-cost solutions to address your current hiring needs. With either approach, you’ll be left with not just a depleted budget, but an 18-24 month implementation time, astronomical professional service fees, change management issues, disgruntled recruiters, and a poor candidate experience just to name a few.MojoHire is an affordable solution that provides maximum impact by empowering talent acquisition teams to immediately source from their existing databases. By injecting new life into your tech stack and surfacing top candidates from your existing databases, MojoHire allows you to reduce money spent on sourcing while increasing recruiter productivity. Hard and soft dollar savings that can be used elsewhere!

Ask yourself this: do you want to be a part of the new approach to recruiting that’s helping businesses flourish? Or do you want to be left behind?

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