Page 22 - NBIZ Magazine April 2021

State of Hiring Research Report
How Crisis Creates

opportunity!

ver the past several months our team has
been collecting challenges and opportunities
from the field. More than 3000 hiring man-
oagers participated in this research, and we
are pleased to release our most recent whitepaper on the
State of Hiring. Today, I share a few items from our
research report.
While we covered a variety of topics here are some of the
statistics when we asked about the State of Interviewing.
The vast majority of organizations can no longer offer
in-person interviews. 87% said they’ve conducted virtual
interviews since March 2020, and hiring managers told us
it’s more difficult to really get to know someone virtually.
Without the ability to observe candidates’ body lan-
guage or easily build rapport with them—processes that
rely heavily on non-verbal cues, including our posture and if they’ll succeed in a virtual environment (for example,
even how we breathe—it’s no surprise that just over 60% of whether they can be productive with limited supervision),
hiring managers reported having interview related con- and even just adapting to virtual interviews.
cerns while hiring in recent months. Only 31% of hiring managers reported being very
These concerns entail challenges getting to know a can- confident in their organization’s ability to consistently hire
didate without meeting them in person, difficulty assessing the right people for the job. That leaves nearly 7 in 10 with
some trepidation. If this is the case, how can hiring manag-
ers be sure they’re selecting the candidates with the best
fit? Especially since, nearly two-thirds of hiring managers
rely more on instinct than data.
That level of uncertainty is not only unsettling (“Did I
make the right decision?” “Who did I miss out on?”), but
also costly. The Department of Labor estimates a bad hire
can cost an organization up to 30% of the employee’s first-
year salary. With heightened budgetary scrutiny, mistakes
of this magnitude now have an undeniable impact on the
bottom line in ways they did not before.
In a year of considerable uncertainty and profound
change for organizations and their employees, one thing is
clear: the opportunity to rebuild better structures and pro-
cesses today will determine the victors of 2021 and beyond.
Hiring processes that enable organizations to acquire the
best talent, lay the foundation for sustained and successful
economic recovery. With this new data, it is time to reflect
on and revamp how hiring is done..

To Request our full research report on State of Hiring
email us today at Mcaspole@AssessmentSpecialists.com.

22 NBIZ ■ April 2021