2020 Fosway 9-Grid™ for Talent Acquisition shows polarised realities of recruitment during COVID-19 crisis
Fosway Group, Europe’s #1 HR industry analyst, has released its 2020 9-Grid™ for Talent Acquisition. Launching during the COVID-19 crisis when organisations are navigating furloughing and laying off staff, the research highlights two extremes within recruitment at present. Whilst the majority are facing a freeze in hiring, there are some facing unprecedented demand – and both camps require technology to support them during this tough time.
HR professionals in organisations hit hard by the pandemic find themselves firefighting, trying to put talent pools and candidate pipelines into hibernation for when hiring might restart. For those in organisations where demand has increased for their products and services, there is now unprecedented volume, requiring more intelligent automation and improved filtering to help respond to the urgent needs of their business more quickly.
The Fosway 9-Grid™ for Talent Acquisition is a unique analysis of the recruitment software market in Europe. With input from Fosway’s Corporate Research Network of over 200 organisations, its aim is to demystify the supply options available to organisations and help HR teams make better buying decisions when it comes to investing in their technology solutions.
With no 'Strategic Leader' and a plethora of new entrants and increasing focus from US-based suppliers, buyers in the European talent acquisition market are faced with more choice than ever before. Fosway’s analysis assesses solutions based on whether they are part of a talent acquisition suite, or a specialist focused on certain parts of the recruitment process such as candidate experience, CRM, employee referrals and onboarding.
David Wilson, CEO of Fosway Group said, ‘The first wave of the global COVID-19 crisis has effectively created two very different realities for recruiters. Where hiring is on hold, recruiters might feel their technology is not at the top of their list at present, but maintaining brand visibility and relationships with future candidates might arguably be more important now than ever. Whereas, those organisations facing a sharp spike in demand need technology to process and filter candidates at a scale that probably breaks their existing platforms and processes. It will be interesting to see which solutions emerge from this having truly delivered for their customers!’
Fosway released its initial interim 9-Grid™ for Talent Acquisition in October 2019. The 2020 release marks the analyst’s first full version and the start of a new annual reporting cycle.
The full report can be downloaded online and you can read more about Fosway’s emerging research into them impact of COVID-19 on HR here.