Management Hiring Trends
Management hiring trends has developed over many years. This pace seems to quicken with every passing year. With globalisation many organisations are becoming mammoths that take many complex shapes, creating management challenges as they grow and prosper. A century ago there were only two classes in the workplace, owners and workers. As the size and scale of industries grew, management systems started evolving. To cope with the growing scale of industrialisation a new class of employee was created, namely ‘Managers’.
Today if we were to study an organisational chart, we are most likely to find various levels of employees in an organisation hierarchy. From Executive officers to managers to production line workers and sales representatives, Organisations today have typically 7 to 8 levels of employees. Of all these employees one class that clearly stands out is the ‘Manager’. Managers and the work they undertake is of course quite complex. It involves work such as project management, change management, time management and performance management, to name a few.
According to a report by the BBC, UK has more than 5 million managers. This figure clearly establishes the importance of this position. The primary duty of a manager is to manage the employees reporting to him in a way that they work towards achieving the organisation’s goals. This is easier said than done and thus it is extremely important that the manager is highly competent to aid the organisation in achieving its goals. https://www.bbc.com/news/magazine-23462290
Managers play a very important role in the growth and development of a business and thus they should be hired with great care. The hiring of the right manager is not enough, it is also important to retain them to reap the benefits of the person’s leadership skills and vision. The normal employee turnover rate in the United Kingdom is 15.5%, but this may be more for experienced managers. Manager are in demand and thus have greater opportunities to change jobs.
Changing Hiring Trends
This is the age of specialisation and companies often hire specialists to achieve a particular goal. One much talked about specialist managerial position, is that of the ‘Change Management Agent’. An organisation going through major restructuring or a change in ownership would hire a manager with expertise in change management. This is to ensure that the process of change is as easy and effective for both employees and the organisation.
While enough cannot be said about the importance of hiring the right person for the right position, Human Resource departments across the globe are finding it increasingly difficult to identify the ‘perfect fit candidate’. As the world is becoming more connected through technology and social media, talent acquisition and talent management is becoming increasingly difficult. Human Resource management are having to continually come up with various strategies to combat these hurdles.
In the past two years, in spite of uncertainty surrounding Brexit, weakening global economy and rapid policy changes, UK firms recruit extensively. Hiring trends were propelled by the rapid changes that the country is witnessing. Organisations have started to prepare for the possible changes post-Brexit and hiring trends have seen changes accordingly. Banking, Technology, Fintech, and Manufacturing sectors have merged as top recruiters. https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
Key strategies followed by these sectors to hire and manage talent are as follows
Talent Relationship Management
Savvy recruiters have realised the importance of managing and engaging talent in a holistic manner. Organisations have started understanding that the focus should be on talent rather than candidates and thus have started implementing processes in which they are in touch with the external talent network. This speeds up the recruitment process and also increases the chances of hiring the ‘perfect fit manager’ for the organisation. However, this is a lot more difficult in reality, don’t you agree?
Some organisations have taken this process a step a further and are looking more intensively at their existing employee base for recruitment or career advancement. Forty percent (40%) of companies say that the best and highest performing hires are from their internal candidates. When recruiting managers, this process may be the most effective way of talent management, as this is a chance of career progression to employees. Importantly it reduces hiring costs for the company.
Developing a Social Media focused Recruitment Strategy
Social Media has become an integral part of our lives. Seventy nine percent (79%) of candidates use social media platforms such as Linked or Facebook for their job search. This is true for all levels of recruitment. To tap into this giant diverse talent pool, Human Resource management across industries, have started developing extensive social media strategies to expedite the recruitment process. Again, though whilst this may well be a good search strategy, caution needs to be exercised. We can all too easily become biased by what an individual’s social media profile states.
Handheld devices winning the game
According to research done by ‘PageUp’ 45% of job seekers search for jobs on their handheld devices once a day. While mobile phones are playing very important roles in bringing candidates and employers together, very few companies have a mobile phone optimised website. Organisations have started understanding the importance of this and have started acting upon it. In addition, ‘PageUp’ predict the following trends:
- Organisations will move to build talent networks
- Implement a social media recruitment strategy
- Prioritise employee learning agility over experience
- Be more ‘mobile device’ ready
- Artificial intelligence will be more prominent
- Despite challenges in various jurisdictions, the ‘Gig Economy’ will continue to grow
- Augment and Virtual Reality experiences will develop, e.g. assessments
- ‘People’ analytic decisions will start to increase productivity
- The ‘Sunday night cliff’ – employees will expect their employer to be as up-to-date with their personal IT
- HR ‘Tech’ start-ups will increase
Hiring in The Future
All these steps are helping organisations to reduce recruitment time and cost by streamlining their hiring process. It is important though to recognise that not all of these are going to impact to the same extent. So, whilst management hiring trends are changing are they meeting potential employee expectations.
All the above trends are not specific to hiring for management positions. But they are none the less effective for recruiting managers. In fact, when we consider integrated talent management or the use of social media for recruitment, it may be a more effective recruitment approach for experienced mid-level or senior managers than newly qualified college graduates. This is because experienced managers are the ones who have built networks across industries. They are also the ones who may be actively looking for career advancement opportunities.
So, by considering the above-mentioned strategies, you may well will be catering to this active base directly. Do you agree?
About the Author
Dominic McCanny is a Chartered Occupational Psychologist and specialises in the area of recruitment and selection using psychometric tests and assessment centres. For an informal discussion around your next recruitment competition call him.