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The world of work is undergoing a revolution, and your business is on the front line. Our 2024 Talent Trends Enterprise Report finds that 40% of workers are dissatisfied with their current salaries, while only one in three feels they can be their authentic selves at work. From pay expectations to workplace flexibility, from technological integration to diversity and inclusion, the challenges are piling up.
Fortunately, so are the solutions. Let’s unpack the most pressing issues in talent acquisition and management and reveal how outsourcing can provide your organisation with the competitive edge it needs.
In competitive job markets, you fight with your rivals over a limited pool of highly skilled professionals. These candidates often have multiple job offers, allowing them to be selective about their next career move. They’re looking beyond just salary, seeking roles that align with their values and long-term career goals.
Recruitment outsourcing providers tap into advanced recruitment technologies and global candidate networks, making finding top talent faster and easier.
But the advantages go further than that. These specialists can also help craft offers that spotlight career development, meaningful work and positive company culture — your employee value proposition or EVP. By showcasing these elements effectively, you can stand out in a crowded market and attract top-tier candidates your competitors might miss.
As labour demands shift and regulations grow more complex, many organisations struggle to control costs associated with recruitment, contingent labour and overall workforce management. This challenge is particularly acute for businesses operating in multiple regions, where varying labour laws and industry standards add layers of complexity.
Outsourcing services like Recruitment Process Outsourcing (RPO) and Managed Service Provider (MSP) can be a real lifeline for businesses facing these challenges. They offer clear, transparent cost structures and efficient workforce management solutions, helping companies save money without sacrificing talent quality.
One area where outsourcing can make a big difference is in managing Statements of Work (SoW). Many organisations have hidden savings buried in their SoW spend. By tackling common issues like duplicate vendors, vague project scopes and inconsistent invoices, outsourcing partners can simplify your SoW process and strengthen your buying power.
The traditional 9-to-5 office routine is going the way of fax machines and Rolodexes, with employees now seeking greater control over when and where they work. According to the Talent Trends report, 37% of workers are spending more time in the office than they did last year. However, 49% of this group say the change is due to company policies, highlighting a growing disconnect between what employees want and what businesses enforce.
❝ There’s a clear expectation gap between employee desires and company policies,” says Alex Hall, Head of Page Outsourcing UK. “Businesses that were struggling to get people in the office even one or two days a week last year are now expecting three or four days, but employees are pushing back.❞
The report also reveals that 48% of people would turn down a promotion if it came at the cost of their wellbeing. This shows just how much importance employees now place on work-life balance and flexibility. Companies that fail to adjust risk losing top talent to competitors who are more willing to accommodate these needs.
Addressing these flexibility demands requires more than tweaking your work-from-home policy. It calls for a comprehensive redesign of your EVP. Partnering with an outsourcing provider can transform your approach to talent acquisition and retention.
Consider Page Outsourcing, for instance. We offer a holistic strategy that seamlessly integrates employer branding, organisational design and data-driven insights. Our expert consultants work alongside you to craft a compelling EVP that truly resonates with top talent. We don’t just stop there. Our team can help you forecast your hiring needs with precision and master the intricacies of borderless hiring, opening up a world of talent possibilities.
❝ The flexibility challenge isn’t just about where people work; it’s about redesigning the entire employee experience,” says Alex Hall. “Outsourcing partners can provide the insights and best practices needed to create a balanced approach that satisfies both the company and its workforce.❞
Many businesses are struggling to keep up with the pace of technological advancements in recruitment and workforce management. This delay leads to inefficient processes, slower decision-making, and a weakening of their competitive position when it comes to attracting top talent.
The Talent Trends report shows that a third of the global workforce already uses artificial intelligence (AI) in their roles, from sales forecasting to content creation with generative AI tools. This swift uptake of AI across different job functions highlights the pressing need for businesses to integrate advanced technologies into their workforce strategies.
Partnering with outsourcing experts allows companies to tap into cutting-edge technologies without needing heavy upfront investment or specialised in-house expertise. These technologies, such as AI-driven recruitment tools and advanced analytics platforms, can significantly boost hiring efficiency and decision-making.
For example, AI-powered tools can screen CVs faster, identify strong candidates from large databases and even conduct initial interviews. This not only speeds up the hiring process but also reduces bias, leading to a more diverse and qualified pool of candidates.
In addition, advanced analytics offer valuable insights into workforce trends, skills gaps and performance metrics. This data-driven approach allows businesses to make smarter decisions about talent acquisition, development and retention strategies.
The administrative burden of managing recruitment and compliance often pulls focus away from core business priorities and strategic growth — your bread and butter, if you like. This distraction can lead to lower productivity and missed opportunities.
Outsourcing non-core functions allows businesses to focus on their strengths while ensuring recruitment and workforce management are handled efficiently in the background. By working with specialists in these areas, companies can free up valuable internal resources.
This strategy not only boosts operational efficiency but also improves employee satisfaction. When businesses can concentrate on their main goals, they offer clearer development paths and growth opportunities for their staff. The result? A more engaged workforce with lower turnover and stronger long-term loyalty from your best people.
Despite good intentions, many organisations struggle to effectively implement diversity, equity and inclusion practices. This challenge often stems from a lack of tools, limited access to diverse talent pools or unconscious biases in existing processes.
The Talent Trends report paints a worrying picture: only one in four workers feels their workplace is inclusive, while just one in five thinks their senior leadership team is diverse. These figures reveal a stark gap between DEI goals and the reality on the ground.
Outsourcing providers specialising in DEI can help companies broaden their talent search and eliminate bias from recruitment processes. These specialists use technology, data-driven approaches and human expertise to create more inclusive hiring practices.
For example, they might use AI to craft inclusive job descriptions, implement blind CV screening to minimise unconscious bias or access diverse talent networks that businesses may not reach independently. These steps make sure your diversity efforts aren’t just good intentions — they’re practical and effective.
The business world is changing fast, and keeping up means being flexible, innovative and getting the right support. The challenges we’ve discussed — like controlling contingent labour costs and improving DEI strategies — are manageable.
Page Outsourcing brings the expertise, technology and global know-how to help turn these challenges into advantages. By teaming up with specialists, businesses can focus on what they do best while building smart talent strategies to drive growth and innovation.
The Talent Trends 2024 report is packed with insights into what today’s workforce expects. To learn more and see how these trends can shape your strategy, download the full Talent Trends Enterprise Report.
Ready to take your workforce strategy to the next level? Start building your high-performing team today by reaching out to our experts for a free consultation.
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