SALT LAKE CITY, UTAH February 23, 2022 — HireVue, the global leader in video interviewing, assessments, and text-enabled recruiting tools, today announced the findings of its annual global trends report, with key insights into how leading companies are relying on technology to navigate an increasingly competitive labour market.
The annual survey asked more than 1,600 hiring leaders across industries including finance, retail, construction, healthcare, and manufacturing how they are navigating current challenges and what changes they’ve experienced over the past year. The number one issue continues to be filling roles quickly, and companies are leaning into technical solutions to find savings. Respondents who adopted text and chat tools, a skills-first approach and a blend of virtual and in-person touchpoints report:
- 54% experience greater flexibility
- 54% report time saving benefits
- 43% say it’s easier to identify the best candidates
- 42% say they’ve delivered significant cost savings
“This year’s survey demonstrates that standard challenges (like time-to-fill) are still a top concern, but factors beyond any company’s control like the Great Resignation and a lingering pandemic are making them even more daunting,” said Anthony Reynolds, CEO at HireVue. “It’s encouraging though that when you drill down into the data, companies are solving talent bottlenecks with a forward-thinking approach to technology, coupled with a continued prioritisation of diversity and belonging – these strategic decisions are helping respondents with both hiring and retention.”
Hiring tech removes roadblocks amidst mass resignations
- 57% introduced job-matching technologies to recruit both externally and internally
- 37% moved to a combination of both in-person and virtual interviews
- 24% implemented technologies such as AI, chatbots, and skills assessments
Companies that prioritised DEI&B efforts experienced lower turnover in 2021
Motivated to mobilize for change in regards to diversity, equity, inclusion and belonging, talent leaders around the world set impactful goals in 2021. Perhaps most significant in the context of rampant employee turnover, companies with lower attrition reported doing more to reach DEI&B goals. Companies putting words into action also:
Focused on overhauling how candidates are evaluated. This included adopting a skills-first approach (45%), replacing resumes with skills-based assessments (33%), dropping university degree requirements (16%) and prioritising bootcamp certification, rather than excluding candidates without degrees (18%)
Sourced qualified candidates from marginalized and overlooked work groups, including mature-aged workers (47%), undergrad workers (44%), and junior workers (38%)
The 2022 Global Trends Report demonstrates how best-in-class hiring combines technology with an eye toward equity. To access the full report, click here.
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Press contact
Emma Ferns
Sr. Director of Global Communications
press@hirevue.com
