KDR Talent Solutions

Understanding the cornerstone of recruitment ROI – Quality of hire We think it’s fair to say, it’s been a difficult time for businesses of late, balancing the need to hire with the need to keep costs in check so we wanted to take a look at helping you understand the Return on Investment (ROI) in recruitment because it’s not just about the cost—it's about the value each hire brings to your organisation over time. As a starting point, we would argue, the cornerstone of recruitment ROI is the 'Quality of Hire' (QoH). How well someone provides positive outcomes for the business is not an easy measurement to capture, but it is insightful and informs how well the rest of the recruitment processes are working. It is also not a metric you can put in place immediately, so you need to wait a few months after a new hire before you can even start to measure if effectively. Step one would be to set clear, measurable criteria for what constitutes a "quality hire" Ex...

The hiring and workplace landscape is currently being shaped by four megatrends. The hiring and workplace landscape is currently being shaped by four megatrends. Firstly however, as a backdrop to this discussion, HR and executives agree that people are both the key asset and one of the main risk factors to an organisation’s growth. Our discussions with the data and technology community highlights shifts in work design, productivity and employee expectations and it’s an interesting area that organisations must navigate through to attract and retain talent effectively. Layered over these discussions are the economic factors that are a very real issue for some in the workforce. The cost of work “crisis” is at the forefront of people’s minds and it means that companies are having to look at reward packages that look to assist with these problems. Taking these megatrends one by one, let’s understand how this is impacting the workplace. Culture and AI Unless you’ve been living un...

One of the biggest trends in 2024 is a focus by employers on skills based hiring  One of the biggest trends in 2024 is a focus by employers on skills based hiring v’s more traditional recruitment which focuses instead on qualifications, academic institutions and former employer companies. Our advice to companies seeking to harness the full potential of their data-driven initiatives is to prioritise strategic skill alignment when hiring data technology and analytics professionals. This is a more focused approach to recruitment and ensures that new hires not only fill technical gaps but also align closely with the company's long-term strategic goals, thereby maximising the impact of their data-driven projects. It also really drives inclusive recruitment practices which is what you should all be striving to nail. Understanding Strategic Skill Alignment Strategic skill alignment involves matching candidate skills and potential with the company's current and future needs. Th...

From my perspective as a data and technology recruitment business owner, I am keen to provide insights into the market for my network.  Taking key learnings from last year, monitoring the market weekly and then reflecting on a quarterly basis helps us as a business to become more agile and I hope to pass on these insights to others.   Economy As a backdrop, taking employment government data for Q1, we can see that the employment rate was at 75% for individuals aged 16 to 64 years, which was a slight decrease from the previous year. Unemployment was estimated at 3.9%, indicating a slight increase compared to the prior year (Office for National Statistics). Despite a challenging economic landscape, there's a silver lining as headline inflation is expected to near the 2% target, potentially improving living standards for low-income households in 2024. However, consumer prices are anticipated to be significantly higher than early 2021 levels, and corporate insolvencies are...