Research from the Hays UK Salary & Recruiting Trends show that many organisations are acknowledging this issue.\n\nWith this information, this trend is not going to go away anytime soon. Therefore, human resources departments need to make their organisations more attractive to top talent. However, this doesn’t mean that high quality screening, online testing, and structured interviews should be sacrificed in the process. These steps are still important for obtaining good organisational fits and reducing potential turnover.<\/p>\n\n\n\n
2. The utilisation of artificial intelligence<\/h4>\n\n\n\n
Artificial Intelligence (AI) is taking the business world by storm. Most organisations that are looking to keep up with this innovative trend are either planning to incorporate AI in their hiring processes in some way, or they already do. Many financial organisations are devoting budget towards AI training for employees, including machine learning and data camps to learn programmes such as R, Python and SQL. AI can make it much easier to gather data, assess that data, and to automate other processes, freeing up the humans to devote more time to high-priority projects. <\/p>\n\n\n\n
Chatbots can also be used to make the hiring process much faster. When organisations make AI a top priority, it will also show top talent that they are focused on innovation, therefore making them more attractive to applicants. The challenge from trend #1 can be addressed, at least partially, with incorporating innovative AI technologies in the hiring process.<\/p>\n\n\n\n
3. Cyber-security talent is a top priority<\/h4>\n\n\n\n
This might be the most obvious trend in finance. The point being, if you are in the money business, you are also in the security business. Cyber security is no different. With online banking, online transactions, and everything monetary being done online, cyber security is becoming a vital component to all organisations, especially those in the financial industry. <\/p>\n\n\n\n
However, trend number one, the talent gap challenge, also comes into play here. An article on Modern Hire reports, “To combat cyber attacks, financial services firms aim to ramp up data security, but their recruiters contend with an enormous talent gap. One estimate puts the gap at 3.5 million unfilled cyber-security positions globally by 2021.” <\/p>\n\n\n\n
The good news is that HR hiring experts like Talogy are working hard to develop innovative new online hiring assessments that will help recruit the best talent while providing candidates a great user experience. This will help build a strong reputation that will attract candidates for years to come.<\/p>\n\n\n\n
![\"\"](\"http:\/\/talogy.com\/wp-content\/uploads\/2022\/01\/cta-ebook-cover-nine-assessment-types.jpg\")
<\/figure>Finding the right fit: nine assessment types<\/h4>\n\n\n\nAssessments are among the most powerful tools available to HR professionals to engage better recruits, identify development needs, and quantify leadership potential.<\/h5>\n\n\n\n
The attributes of each assessment are intended to measure and align that information with your hiring and development goals. This eBook will detail:<\/p>\n\n\n\n
- \n
- Goals \u2013 what is each assessment intended to measure?<\/li>\n\n\n\n
- Advantages and disadvantages \u2013 what are the strengths and weaknesses of each type?<\/li>\n\n\n\n
- Use cases \u2013 what are the job roles or job traits that apply to each assessment type?<\/li>\n<\/ul>\n\n\n\n