New Year, New Recruitment Needs: Planning Your Hiring Needs for 2015
As 2014 comes to a close, it’s important for logistics companies not only to analyze their past year’s recruitment efforts and identify if their needs were met but also to try and predict next year’s needs. When a company has a good idea of the positions it will need to fill in the near future, they will be better able to allocate time and resources to those needs – better equipping them for success in finding the right candidates. Not sure where to start in evaluating your future needs? Read on to learn more about how to plan your hiring essentials for 2015 from the logistics recruitment experts, CS Recruiting.
Evaluate 2014’s Efforts
A great place to start when planning for 2015 is to look at how your company finished in 2014. Logistics companies should begin by looking at how many individuals your company hired, how many people left the company and how many employees were promoted into higher positions, among many other numbers. Establishing these figures can help a company gauge what the past year looked like in terms of human capital and can even give the company the ability to compare these figures to records from years before. This can help a company establish what the norm for their business personnel needs may be, allowing a company to be better equipped to accurately predict employment needs.
Audit Your Current Talent
A thorough and honest audit of where your company currently is may be the best source for planning ahead. Take a look at who your company currently has on staff along with their likelihood of staying at your organization over the course of the year. Although this may be more difficult for larger logistics firms, try having mangers or supervisors evaluate the needs of their direct subordinates, aiding in more accurately painting a better picture. Among many other data points, companies should start by analyzing things like the average age of their staff, how long they have been in their positions, if they are due for promotions, etc. Reviewing your current talent and their trajectory can help determine what positions may be open in the future due to predictable circumstances.
Assess Industry Growth Projections
As the logistics industry as a whole is estimated to grow continually into the future due to increased consumer demand and spending, this translates into an uptick in employment in the industry. Between 2012 and 2022, supply chain and logistics jobs are projected to grow by 22 percent, the Bureau of Labor Statistics reported. Although looking at the overall logistics industry is crucial to gauge, looking at the specific sector a company falls in can be even more telling. For example, the growth outlook varies when comparing intermodal logistics to that of third party logistics, so looking at growth projections within your specific industry is key.
Project Your Company’s Growth Potential
Alongside assessing logistics growth potential overall, examining your own company’s growth potential is necessary to accurately predict your organization’s projected employment needs. If your company is expected to have an average year growth-wise, then you can expect hiring needs to be similar to those of the past few years. However, if your business is expected to grow exponentially, then you can expect that your hiring needs will be higher than normal.
Although nobody can predict the future, comparing, combining and analyzing these four outlined components can help paint a clearer picture of what a company’s hiring needs may be for the upcoming year.