The COVID-19 crisis continues to shake up the hiring market. As massive layoffs make headlines, companies in the grocery, delivery and manufacturing sectors are facing exponential demand and the need to hire rapidly. Desmond Lim, CEO & Co-founder of Workstream, a text-based hiring platform for hourly workers (and a GGV portfolio company), has witnessed this disparity firsthand.
In this week’s GGV Evolving E masterclass for on-demand operators, Desmond described his experience with today’s job market which mirrors much of what is happening around the country. Ninety percent of Workstream’s local business clients (restaurants, cinemas, hotels) have stopped hiring, while there are 4x more job postings for drivers and 3x more job postings for nurses. Beyond these staggering trends, the global pandemic has changed the way employers are hiring and the way job seekers are job hunting.
From sourcing and engaging talent to differentiating yourself as an employer, here are Desmond’s top 7 tactics for hiring fast:
Caption: A look at how Workstream works
With many applicants sheltered at home, everything in the hiring and onboarding process needs to be online. Here’s a quick and simple checklist for building an end-to-end hiring process that is fully virtual.
The turnover rate for hourly workers tends to be high but a solid hiring process can help with retention. Take the time to ensure there is alignment between the candidate and the role and be sure to dedicate time and resources to proper onboarding. Investment in training and resources can go a long way in keeping employees engaged and happy.
Interested in learning more about Workstream? Contact firstname.lastname@example.org with questions.
This masterclass was a part of GGV Capital’s Evolving E series. Evolving E is an ecommerce tech community that began in 2016 as a summit in New York for the top entrepreneurs and executives in the ecommerce, retail and consumer goods sectors. Today it has expanded to include online and offline dinner series, masterclasses, and gatherings with an ecommerce community from around the world.