STOCKHOLM, SWEDEN, June 7th 2022 – Universum’s Employer Branding NOW 2022 examine, carried out in the course of the first quarter of this yr, exhibits the hiring setting is deteriorating additional – even for high employer manufacturers. Among the many World’s Most Enticing Employers, 81% say the hiring setting is getting tougher and 58% say recruiting wants are rising. Maybe most stunning of all, this identical group says their budgets are shrinking.
“In all of the years operating this examine, we’ve by no means seen such a widespread damaging 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 high employers to double-down in areas like reskilling current expertise, scaling using freelance expertise, and getting inventive with employer branding.”
Universum, the worldwide chief in employer branding, surveyed over 1,650 human sources and expertise administration leaders from 75 nations from March to Might 2022. The analysis appears 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 international 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 current expertise and selling folks from inside; among the many WMAE, 37% say bettering inside profession mobility is a “main precedence.” It’s a win-win for employers, who can entry expertise which are in excessive demand/low provide, whereas additionally constructing a repute 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 staff. (Universum’s examine exhibits 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 with regards to recruiting. Corporations clearly point out that data-driven recruiting is a precedence, however solely half “incessantly or at all times” make employer model advertising and marketing selections which are data-driven. As hiring wants ramp up in 2022-23, making the argument for larger budgets will depend on a data-driven method.
Employer branding is crucial to standing out amidst expertise disruption. Among the many WMAE, 86% name it a high precedence — a 15 level soar in only one yr. 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 high precedence is totally unprecedented,” says Universum CEO Mats Röjdmark. “Prime employers view employer branding not as an expense, however as a strategic asset – one that may entice and retain the kind of people who drive progress and innovation. Seeing the World’s Most Enticing Employers pivot so sharply to prioritize employer branding in 2022 is a crucial sign for all employers.”
To obtain a duplicate of the complete Employer Branding NOW report, which incorporates further analysis about subjects resembling EVPs by firm dimension, expertise provide chain methods, and data-driven recruiting, go to: https://universumglobal.com/employerbrandingnow2022/