If you’re like many businesses, finding and keeping great staff and personnel hasn’t been simple in recent years. It’s crucial to be aware of a few major hiring trends that are anticipated to influence recruitment in 2023 given estimates that the labor shortage could endure for years. What trends does my business need to be aware of, you might be asking. Keep reading to find out
The biggest hiring trends for 2023 will be covered in this article, along with tips on how to improve your hiring procedures to capitalize on them. You will be prepared to go through the year with the greatest strategy for becoming an employer of choice among applicants once you have finished reading this.
Flexibility
If you don’t provide employees the chance to work outside the office, you risk losing significant talent to a competitor who does. This is true whether you offer hybrid or entirely remote options. Be sure you prioritize and promote a work-life balance through flexible work arrangements when advertising open opportunities to stand out from the competition.
Attractive Salary
Rising pay are a predicted hiring trend for 2023, which is not surprising given that inflation is a major concern and that demand for labor is expected to remain high. Employers must keep up with wage trends in order to recruit and retain top people. Despite relatively weak pay growth over the previous few decades, it has picked up speed since COVID, with incomes reaching an average of 4.2% in 2022 and anticipated to rise to 4.6% in 2023. Make sure the wage is competitive for the market before posting jobs.
Diversity, equity, and inclusion
Inclusion, diversity, and equity are anticipated to be even more crucial aspects for job applicants in the coming year, particularly for those in Generation Z. Make sure your talent acquisition initiatives put a strong emphasis on diversity to attract candidates from all demographics. To develop a more inclusive hiring process, modify your job listings, draw from various talent pools, seek out diversity references, or use a diverse internship program.
College graduates are very relevant
New college graduates are a fresh generation of employees entering the market amid ongoing personnel shortages, and you may take advantage of them. If your available posts don’t require a lot of work experience, you might want to follow the trend and tailor your advertising accordingly. This year, companies aim to hire 14.7% more fresh college graduates than the class of 2022.
Employee well-being and mental health checks
The top recruiting trends for 2023 will still be the big resignation and great reshuffle, but businesses have been investing more and more in creating a terrific workplace. If you want to attract prospects, be sure to emphasize satisfaction and culture while letting them see how you try to make staff happy, as 46% of individuals say their expectations for happiness at work have increased in the past year.
Data-driven strategy
Employers must adopt data-driven techniques to increase recruiting and acquisition of outstanding individuals. You can better recruit talent by leveraging analytics on anything from pipeline growth and offer acceptance rates to applicant feedback scores. You can also move candidates through the funnel more quickly by using candidate data for automated nurturing.
Addressing gaps on the job
Many businesses are decreasing entry requirements and offering training on the job because many applicants lack the precise skills needed for a position. This can make your positions more accessible to people who don’t currently have the necessary training or experience but who have the aptitude and motivation to acquire them.
Pay transparency
Pay information is becoming a requirement in an increasing number of cities and states for recruitment materials. About 70% of job seekers claim they are more inclined to apply for a position with pay ranges, so you might wish to disclose the information even if your state does not mandate it. Also, you might save time by proactively eliminating candidates whose compensation demands exceed your budget.
Hiring Freelancers and independent contractor
Due to a lack of qualified applicants and a shaky economic outlook, hiring habits are changing, with many businesses now hiring freelancers and independent contractors for temporary positions or providing temp-to-perm positions. In either case, using this strategy enables you to quickly close recruiting gaps, at the very least temporarily.
Bottom Line
To stay ahead of the curve and enhance your talent acquisition efforts, be sure to pay attention to the steps you can take to capitalize on these trends in an evolving hiring landscape.
SW HR Consulting has been helping companies to build their teams and values for over 10 years. Contact us to find out more about our unique hr outsourcing services and see how our expertise can benefit you.
