The Biggest Recruitment Challenges Companies Face in 2014: An Interview with PayScale

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Recruiting is one of those careers that’s just bound to have its own unique challenges. After all, we do work with the very complex issues surrounding people and how they fit into the business world.

No two days are ever the same, and issues come up that are impossible to predict. There are also constant changes in terms of technology that shake up the way recruiters do things, adding to the mix. However, there is nothing more exhilarating than finding the right person for the right client. This is what recruiting is all about.


Recent Report Details the Link Between Recruitment and Compensation
Recently, I had the privilege of talking with Laleh Hassibi, Senior Manager of B2B Content Marketing at PayScale, a leading firm in cloud compensation data and software. With the release of their 2014 PayScale Compensation Best Practices Report, PayScale has shed more light on some of the biggest concerns that businesses face in terms of recruitment and HR management this year.

Since compensation and recruitment are so closely tied, it’s important to take note of the results of this survey, which revealed:

72 percent of the businesses surveyed plan to expand operations during 2014
Retention of employees was listed as a top concern by almost 60 percent of the companies polled
Major skill gaps are a big concern with the 54 percent of companies that are expecting to hire more this year

The Biggest Recruitment and Compensation Challenges Facing Companies
In our interview, I asked Ms. Hassibi what she believed to be the biggest challenges that companies face in 2014 in regards to their recruitment and compensation strategies. She stated that. “As the economy continues to russia phone number library recover, companies have big plans for workforce expansion and financial growth.” Further adding that,” The big challenges are not only to find new talent to support that growth, but holding on to the talent companies already have who are going to be tempted to jump ship for better opportunities. This balancing act of managing growth while effectively attracting new talent and retaining existing talent is the big challenge of 2014.”

It’s clear that recruiters will have to be able to offer a lot more to the best talent, over and above average salaries. Organizational growth and innovation will be dependent on a strong compensation and retention strategy.