Those magical terms that manage to sum up everything you want, without the hassle of spending your entire day searching through a sea of content. When you want to get caught up on the latest staffing industry trends but don’t have the time to devote towards in-depth reading, staffing buzzwords are for you. Here are 20 buzzwords that you may hear this year.
Big Data – Massive databases of information managed by super-computers and powerful software. Many large staffing firms have dedicated big data specialists nowadays.
ATS – Otherwise known as Applicant Tracking System. A software application that enables the electronic handling of recruitment needs. This isn’t a new buzzword, but if you are like 40% of ASA survey respondents, you are likely looking for one this year.
1094-C & 1095-C – This year, the IRS requires that large employers submit these two new forms detailing offers and coverage of full-time employees. Sourced from HR, payroll, leaves, and benefits, staffing firms are doing their best to keep up with the updates presented by ACA in 2016.
Business Intelligence – A term that describes the applications, tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance.
Integration – Many staffing software applications now integrate with other services to provide an even greater user experience. For example, LinkedIn Recruiter.
Millennials – The newest generation of the workforce. Everyone has their different views about them, but there is no doubt that they are pivotal to the future of the staffing industry.
The Cloud – Staffing software now extends to SaaS (Software as a Service), getting rid of the need for any physical software needs.
Candidate Experience (CX) – The process people experience when searching for and getting a job.
Pre-Candidate Engagement – In a market with a candidate shortage, the focus on building and nurturing relationships with people before they become candidates is more important than ever.
The Economy – The job market has been on the rise over the past few years, which is great for the staffing industry. Look for steady growth to continue this year.
Competitive Market – With job growth comes opportunity. Competition between staffing companies will continue to grow with the economy.
Compliance – With ACA and many of the new tax laws that come with it, staffing companies have to comply with the law or they may find themselves fined.
Social Recruiting – Continues to be a driver for both the hiring process and candidate engagement. LinkedIn, Twitter, and Facebook continue as the top 3 social media sites.
Sourcing – The ways in which staffing companies find and hire top talent. Reaching out to candidates is easy, getting them to respond is harder.
LinkedIn Recruiter – LinkedIn’s key tool for talent management. Staffing software is able to integrate with LinkedIn Recruiter, allowing for a larger talent pool than ever before.
Artificial Intelligence – Over the next few years, it’s forecasted that 7 million jobs could disappear due to artificial intelligence. What remains to be seen is if this will actually happen.
Data Security – Always a big topic when it comes to the protection of company data, no matter what industry. Make sure your staffing software is up-to-date with the latest security protocols.
Gender Equality – Otherwise referred to as the gender gap. There is a great deal of discussion going on about the role equality plays between men and women in the staffing industry and what is still left to be done.
Globalization – The world is a very connected place, with some global markets growing at a faster pace than the U.S. market. Look for this to continue to be a topic of discussion in 2016.
Customization – Gone are the days of “one size fits all.” Look for staffing software that offers custom reporting and analytics modules, dashboards, and other tools that allow for a personalized fit for your business.
2016 is shaping up to be a great year and these buzzwords represent only a portion of what is being talked about. If you are interested in finding out more about what Bond has to say about 2016, follow us on our blog.
The Bond Team has deep industry experience that makes it uniquely capable and responsive to your needs. No staffing or recruiting software firm knows the business better, and that know-how is focused on helping you do what you do better and more profitably.
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