{"id":499,"date":"2014-03-21T14:42:43","date_gmt":"2014-03-21T14:42:43","guid":{"rendered":"http:\/\/buyerads.com\/blog\/?p=499"},"modified":"2022-03-11T14:50:09","modified_gmt":"2022-03-11T14:50:09","slug":"three-ways-that-the-recruitment-landscape-is-changing-as-the-economy-rebounds-in-2014","status":"publish","type":"post","link":"https:\/\/buyerads.com\/blog\/?p=499","title":{"rendered":"Three Ways that the Recruitment Landscape is Changing as the Economy Rebounds in 2014"},"content":{"rendered":"<p>After several years of economic depression and stagnation, the United States is seeing a rebound in 2014. While this affects businesses of all types in a variety of ways, it also plays a big role in the look of the recruitment landscape. Here are three of the key ways that recruitment is changing thanks to economic rebounding:<br \/>\n<strong><br \/>\n1. More Competitive Packages for Best Candidates<br \/>\n<\/strong><br \/>\nIn 2009, there were six applicants vying for every single job opening. In 2014, that ratio has halved, leaving just three applications for every position,\u00a0according to <em>U.S. News &amp; World Report<\/em><a href=\"http:\/\/money.usnews.com\/money\/blogs\/outside-voices-careers\/2014\/01\/08\/8-ways-the-economy-is-still-affecting-the-job-market\" target=\"_blank\">[1]<\/a>. While this still gives employees the upper hand in negotiations, the most highly qualified candidates will be harder to recruit. This creates the need for more competitive packages for applicants. These packages will focus on salary, but they may also include fringe benefits, like the option of working from home or flexible hours.<br \/>\n<strong><br \/>\n2. Faster Recruitment Process<br \/>\n<\/strong><br \/>\nKen Sundheim\u00a0writes that, &#8220;An improved economy means heightened opportunity costs (i.e. lost potential sales) when organizations don\u2019t have the manpower to service clients.<a href=\"http:\/\/www.ere.net\/2013\/12\/18\/how-an-improved-2014-economy-affects-recruiting\/\" target=\"_blank\">[2]<\/a>&#8221; In a stronger economy, companies need to cut down on recruiting times in order to be fully employed on a consistent basis. Hiring managers may have to conduct fewer interviews and make faster decisions when recruiting in order to cut down on the time that positions stay vacant within a business.<br \/>\n<strong><br \/>\n3. Increased Use of Outside Recruitment Providers<br \/>\n<\/strong><br \/>\nPerhaps the biggest change in the recruitment landscape is that in a booming economy, companies are willing to spend more on the hiring process and pay outside companies to do it. As the recruiting process becomes more complex,\u00a0<em>Forbes<\/em> reports\u00a0that, &#8220;U.S. corporations spend nearly $72 billion each year on a variety of recruiting services, staff and products.<a href=\"http:\/\/www.forbes.com\/sites\/joshbersin\/2013\/05\/23\/corporate-recruitment-transformed-new-breed-of-service-providers\/\" target=\"_blank\">[3]<\/a>&#8221; Outside recruitment companies are the natural choice for selecting key applicants when time is of the essence for hiring managers.<\/p>\n<p>The\u00a0Bureau of Labor Statistics\u00a0reports that in January 2014, unemployment had dropped to just 6.6 percent in the United States<a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">[4]<\/a>. This along with other signs of a rebounding economy signal the three changes listed above, which will play a role in today&#8217;s recruitment landscape.<\/p>\n<hr size=\"1\" \/><a href=\"http:\/\/money.usnews.com\/money\/blogs\/outside-voices-careers\/2014\/01\/08\/8-ways-the-economy-is-still-affecting-the-job-market\" target=\"_blank\">[1]<\/a> <a href=\"http:\/\/money.usnews.com\/money\/blogs\/outside-voices-careers\/2014\/01\/08\/8-ways-the-economy-is-still-affecting-the-job-market\">http:\/\/money.usnews.com\/money\/blogs\/outside-voices-careers\/2014\/01\/08\/8-ways-the-economy-is-still-affecting-the-job-market<\/a><\/p>\n<p><a href=\"http:\/\/www.ere.net\/2013\/12\/18\/how-an-improved-2014-economy-affects-recruiting\/\" target=\"_blank\">[2]<\/a> <a href=\"http:\/\/www.ere.net\/2013\/12\/18\/how-an-improved-2014-economy-affects-recruiting\/\">http:\/\/www.ere.net\/2013\/12\/18\/how-an-improved-2014-economy-affects-recruiting\/<\/a><\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/joshbersin\/2013\/05\/23\/corporate-recruitment-transformed-new-breed-of-service-providers\/\" target=\"_blank\">[3]<\/a> <a href=\"http:\/\/www.forbes.com\/sites\/joshbersin\/2013\/05\/23\/corporate-recruitment-transformed-new-breed-of-service-providers\/\">http:\/\/www.forbes.com\/sites\/joshbersin\/2013\/05\/23\/corporate-recruitment-transformed-new-breed-of-service-providers\/<\/a><\/p>\n<p><a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">[4]<\/a> <a href=\"http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\">http:\/\/www.bls.gov\/news.release\/empsit.nr0.htm<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After several years of economic depression and stagnation, the United States is seeing a rebound in 2014. While this affects businesses of all types in a variety of ways, it also plays a big role in the look of the recruitment landscape. Here are three of the key ways that recruitment is changing thanks to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[65,79,75,156,9,78],"class_list":["post-499","post","type-post","status-publish","format-standard","hentry","category-focus-on-recruitment","tag-hiring","tag-hr","tag-human-resources","tag-recruiting","tag-recruitment","tag-recruitment-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Three Ways that the Recruitment Landscape is Changing as the Economy Rebounds in 2014 - Buyer Advertising - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/buyerads.com\/blog\/?p=499\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Ways that the Recruitment Landscape is Changing as the Economy Rebounds in 2014\" \/>\n<meta property=\"og:description\" content=\"After several years of economic depression and stagnation, the United States is seeing a rebound in 2014. 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