Hiring & Attracting Talent

Companies constantly adapt to changing hiring demands, shifts in employee and productivity behavior, and the unpredictability of the talent market. Hiring trends impact various industries, and businesses are increasingly seeking strategies that foster growth, innovation, and inclusivity.

Hiring Challenges

The evolving nature of today's hiring needs requires recruitment and HR teams that can pivot quickly, think creatively to solve unforeseen challenges, and effectively communicate with company hierarchies to ensure the best candidates are selected from the application to the hiring process.?

The beginning of the year can be even more strenuous for hiring because of the unique challenges that occur on a blank slate.

Some common hiring challenges at the start of a year include:

• Holiday slowdowns and rushing to resume operations
• Competitive job market and talent scarcity
• Budget constraints and financial planning

Though these are our top three, there's a more complete list and some hiring tips for combating such challenges in this quick read:

Utilizing Your Employee Value Proposition

Companies are recognizing that highlighting their distinctive values, goals, and qualities is essential for controlling their organization's narrative. This effort shows potential new hires that a business cares about meeting the increasing expectations of employees.?

An employee value proposition (EVP) encompasses the desirable aspects that attract a candidate and promote a sustainable talent pool. Your company's EVP should answer their question, "What's in it for me?" This entails details about:

• Compensation
• Benefits and perks
• Career training and development
• Work environment and responsibilities
• Company culture and expectations

"A well-rounded EVP is essential because it works as an element to sharpen your company’s identity, ease your recruitment process, and improve your employer branding." Dive deeper into the actions your company can take in building an effective EVP in this article:

Untapped Labor Markets

Finding key individuals for a company's long-term growth goal is easier said than done. Even with a promising HR team, recruiters at the ready, and a compelling EVP, there is an untapped talent market that exists under the radar.?

Talent sourcing with an eye on these hidden high-performing and high-potential professionals takes an out-of-the-box strategy that helps narrow in on high-value candidates who'll provide more than a filled vacancy. Read about what these untapped markets may look like and how to draw them in with this piece from the gpac knowledge center:

As companies navigate through challenging yet exciting times, the ability to attract and retain talent with a diverse set of skills and perspectives will be a key determinant of success.?

Find more articles on company growth strategies and hiring trends at gpac's Knowledge Center .