Among the top issues keeping business leaders up at nightparticularly leaders of small and midsize businesses (SMBs) are finding, hiring, and retaining the best talent. While the labor market has improved since the height of The Great Resignation in 2022, recent data from The Conference Board, a think tank that regularly measures employment trends, suggests labor shortages are reemerging as a prodigious challenge for SMBs. Forty percent of smaller firms report having jobs they are unable to fill, according to the August 2024 Conference Board Employment Trends Index (ETI).
"For SMBS particularly, every hire they make is critical to their business goals," explains Linkedin Director of Product Andrew Chimka. "Oftentimes, hirers at SMBS aren't full-time recruiters; they are doing the hiring themselves on top of other responsibilities. These hirers need simple, time-saving solutions that are intuitive to use and help them find qualified candidates fast."
A growing crop of time-saving solutions powered by artificial intelligence (AI), machine learning, and predictive analytics are available to SMB owners and HR teams. These tools have a profound impact on talent acquisition and talent management strategies, enabling business owners to reduce time-to-hire, do more with less, make better and more equitable hiring decisions, and improve the candidate experience.
With experts predicting that AI will play an increasingly important role in HR, now is the time for SMBS to understand available use cases and learn how to best leverage AI tools to achieve hiring goals.
Launch a next-gen talent search
Denne historien er fra November 2024-utgaven av Inc..
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 2024-utgaven av Inc..
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Karen Dillon
I moved my wedding to attend a company offsite. It was a terrible decision, but a vital lesson on balance.
The Ultimate Home-Based Business
Thirty years since her breakout on Friends, Courteney Cox is taking on a new role-entrepreneur.
An Uphill Battle
Zwift has been through layoffs and a leadership change in 2024, but co-founder and CEO Eric Min says he's learned that building a startup, like cycling, is an endurance test.
The GLOW UP
How Glossier broke free from DTC, survived the skeptics, and finally achieved profitability.
The Snack That Gives Back
With a new partnership, SkinnyDipped is supporting women founders worldwide.
A New Path to SuCCESS
AllTrails may have achieved the impossible-an app that truly helps you get away from it all.
The Back-lash Survivors
Don't challenge Elizabeth Gore and Carolyn Rodz to a game of highs and lows. The Hello Alice co-founders will win-by a long shot.
The Spa Surge
Prime IV Hydration & Wellness has successfully weathered stormy waters.
Riding the Waves
With Beehiiv, Tyler Denk built a buzzy newsletter platform and a brash online persona. Both are lucrative.
Home Economics
How Chairish brought the circular economy to furniture.