After nearly two years of unprecedented business challenges, such as supply chain disruptions, quarantines, remote work transitions, shutdowns and more, many businesses are finally ready to start the recovery process. Fortunately, the global economy in many areas appears to be recovering at a faster rate than most experts predicted. Unfortunately, the ongoing labor shortage may hinder business growth for millions of organizations across the globe.
In fact, we’re already seeing signs of this happening. In the United States, nearly half of all construction companies have reportedly had to turn work down due to staffing shortages. Another recent study shows that 68% of global companies claim that the lack of skilled workers is preventing them from implementing new technologies in the workplace.
To prevent any disruptions to your company’s post-pandemic recovery efforts, you’ll have to find ways to overcome this massive labor shortage. This is not an easy task considering workers’ expectations have shifted significantly since the pandemic, market trends are rapidly changing and many organizations are working hard to recover in a chaotic market.
The good news is that partnering with an HR solutions company can improve your hiring and retention outcomes while also helping your company save both time and money. Here’s a look at just some of the ways an HR solutions partner, like Randstad, can help your company overcome the labor shortage.
leverage contingent workforce
Given the complexities of today’s global economies, such as supply chain disruptions and fluctuating consumer demands, more and more organizations are depending on contingent workers to meet production demands. According to our Randstad Sourceright Trends report, more than 70% of organizations plan to use more contingent, contractor and project-based workers in 2022.
Randstad has the tools, tech and experience to help your company manage a contingent workforce. Our Randstad Inhouse Services support clients with everything from recruitment to onboarding to scheduling contingent workers.
access to a large talent database
When you partner with Randstad, you have instant access to our talent pool of candidates from various locations and job sectors. You have the option of using our advanced filtering system to search our database and request more information about candidates who match your set criteria. Or you can work directly with our talent recruiters and allow us to identify candidates that may be an ideal match. We focus on job fit, as well as company fit and boss fit to ensure you find a candidate that not only meets your needs, but one that is likely to remain with the company.
Despite our large talent pool, there are times when clients are unable to find the specific skillsets their company needs within our candidate database. In these cases, our teams can work with you to develop a strong job posting and job description to post on our subsidiary site, Monster Worldwide, one of the world’s largest online job posting boards, to find the talent you need.
insights in the latest market trends
Market trends have significantly shifted during the pandemic and continue to change in its aftermath. For employers to remain relevant in today’s highly competitive job market, it’s crucial for them to understand these shifts. Working with an HR solutions partner can help you obtain this information without wasting valuable time.
For example, our teams at Randstad regularly track market trends and candidate insights to ensure you fully understand the changes transforming the job market. For example, evry year, we conduct our Randstad Employer Brand Research to understand what talent finds important in more than 30 markets.
use of advanced HR technology
HR technology has become so powerful that it’s nearly impossible to remain competitive in the job market without it. In today’s fast-paced job market, you no longer have weeks or months to filter through applications, conduct background checks and set up interviews. In fact, the longer it takes you to select your ideal applicant and send a job offer, the greater risk you are of losing that candidate to a competitor. On the other hand, you don’t want to rush the process and risk making bad, and costly, hiring decisions.
This is where HR technology can help. Your company can avoid losing top talent by streamlining the recruitment process through the use of artificial intelligence, machine learning and predictive technology. The combination of this technology allows your company to identify its key candidates faster and send job offers before your competitors have a chance to steal the best candidates away.
At Randstad, we understand the value of HR technology, but we also recognize the importance of human touch. We believe that it’s only by prioritizing both tech and touch that companies can achieve meaningful results. It’s for this very reason that we developed our intuitive and efficient tech stack suite, Randstad Relevate. This suite of HR tools includes a variety of solutions, such as Relevate Talent Search, Relevate Reference and Relevate HR Portal, to help streamline and automate the recruitment and talent management process.
customized HR solutions
At Randstad, we realize that talent recruitment and management solutions are not a one-size-fits-all offering. After all, no two businesses are the same and each company has its own unique set of pain points, goals and objectives. Our teams always take the time to better understand our client’s needs, recruitment goals and workplace management challenges. We will sit down with your company to discuss its specific hiring needs and learn more about the company’s mission and workplace culture.
Taking the time to gather this information about your company allows us to create customized strategies to effectively deal with your talent acquisition and employee retention challenges. Our customized HR solutions also allow our teams to not just help you find candidates with the right skills and qualifications, but also focus on job fit and boss fit, which is known to help improve retention rates.
workforce management solutions
A professional HR solutions partner, such as Randstad, cannot only assist with the recruitment process, but it can help with workforce management solutions too. For example, our annual salary guides not only enable your company to determine the optimal salaries for new hires, but it can also help your company set pay increases for your current workers.
At Randstad, we also offer our Randstad In-House services for clients with large volume workforces that include permanent and/or contingent workers. Through these HR services, your company’s dedicated, on-site consultant can handle everything from recruitment and onboarding to shift scheduling and employee training. Ultimately, having an HR partner working right on-site can improve training effectiveness, employee engagement and productivity, while reducing absenteeism and turnover.
If you’re ready to tackle the ongoing labor shortage so your company, like Randstad, can flourish in a post-pandemic market, consider working with an HR solutions partner.
Download our Randstad Guide for more information about how our talent recruitment and management solutions work.