Is your company thriving in 2023? It all depends on how smoothly you can switch gears and improve your recruitment techniques.
We’ve all dealt with difficulties stemming from the economic downturn, like a more competitive job market, difficulty keeping key employees, and elevated turnover costs. But there are even more changes.
We aren’t claiming to be futurists, but we do know that the trends in this article will drive this year’s employment. And possibly years to come. While there may be annual fluctuations in hiring patterns due to changes in the economy and authority, we expect this information to be steady as long as no new catastrophes occur.
In this blog, we dive into how you can take advantage of these top hiring trends.
5 Top Hiring Trends in 2023 Summary
- Diversity, Equity, and Inclusion (DEI)
- Hybrid and Remote Work
- Data-driven Recruitment and Automation
- Hiring for Soft Skills
- Working with Gen Z
Now, let’s look at the ever-evolving top hiring trends of 2023 and how you can use them to set your company up for success.
1. Diversity, Equity, and Inclusion (DEI)
While some businesses have come to see the importance of DEI principles and are working to create a more welcoming workplace, the vast majority of companies still have work to do.
It’s proven that having teams of employees from different cultural backgrounds leads to increased creativity, profitability, and innovation.
The World Bank estimates that promoting gender equality in the workplace may add as much as $5-6 trillion to the global economy. Diversity in the workplace, including that of gender and race, has proven that it can boost profitability by as much as 33%.
Organizations will need to use evaluation tools that remove bias from the hiring process as increased attention falls on diversity metrics like the ethnicity and gender of candidates sourced.
Ongig’s Text Analyzer is an excellent place to begin if you want to improve your DEI compliance when in comes to job ads. Using this tool, you can post jobs without worrying about whether or not the applicant will see it as discriminatory because of their race, gender, or other diverse traits.
The software flags any job postings that contain potentially discriminatory language. These include terms that are racially, ethnically, sexually, religiously, or otherwise offensive — all of which Ongig highlights for you and offers up more inclusive language replacements.
By encouraging underrepresented groups to apply for your company, you greatly enhance the potential for attracting top talent and expanding your team’s skill set.
2. Hybrid and Remote Work
There will be no decline in the popularity of remote and hybrid work. In fact, this trend is only growing. There will be even more support for workplace flexibility in the months to come.
In 2022, there was much debate over whether working in an office was better for productivity. but, statistically, remote workers were more efficient. Hiring managers should provide flexible work arrangements like hybrid or remote work to compete for the best talent.
This shift is especially noticeable among Asian countries with a collectivist society, such as Pakistan, because women no longer desire to leave their families for a long commute.
Talented professionals now seek meaningful work that they can do in fewer or flexible hours, allowing them to balance their professional and personal lives. As Pakistan’s economy worsens, even those in the highest positions consider part-time remote work.
Putting money into this emerging trend can be beneficial for both parties. As a result, businesses can enjoy better resources, and freelancers can look forward to greater flexibility.
3. Data-Driven Recruitment and Automation
The old HR recruitment practices are no longer efficient.
Recruiters must begin digging deeper into data analysis and develop data-backed plans to determine which of their efforts yield the highest quality hires.
To save time sorting through resumes manually, it’s best to use a system that can identify and attract qualified individuals that possess the specific set of skills and expertise required by your company.
Companies should be well-versed with a variety of digital tools, including Applicant tracking systems (ATS), Google Analytics, and email automation software. You could also seek help from a reliable recruitment company that focuses on your industry.
Data-centric recruitment uses data from various sources, including social media, job portals, and other recruitment tools.
In particular, AI techniques may help recruiters evaluate candidates, identify the top candidates, and manage the entire recruiting process from ad creation to onboarding. It also helps to improve employer branding by analyzing articles and data related to a company.
In 2023, strategic measurements, like a talent strategy tied to business results, will take priority over tactical metrics. But you should still keep track of strategic metrics like cost and time per hire.
Recruitment solutions provide you access to a vast talent pool for resume screening and allow you to manage your talent funnel under your business plan. They also allow you to post job ads on numerous platforms at once with a broad audience and conduct job tests for open positions.
4. Hiring for Soft Skills
The importance of soft skills in the workplace is on the rise. As a result of the pandemic, there is now a shortage of skilled workers, and fewer transactions are being conducted face-to-face.
Regardless, workers may have been able to pick up technical abilities, but applicants with solid and soft skills are harder to come by.
In the near future, the following soft skills will be most in demand:
5. Working with Gen Z
By 2025, Forbes predicts 27% of the world’s workforce will be people belonging to Generation Z. The upcoming generation of workers will bring different expectations and new perspectives to the workplace. If an opportunity does not align with Gen Z’s values or provide meaningful work, they’ll be ready to reject it.
Now that millennials are already making up a sizable portion of the labor force, members of Gen Z are starting to enter the workforce too. Growing up in the digital era, this population is tech aware and eager to expand their horizons internationally.
Gen Z workers are happy to put in time at the office if the company allows them some flexibility in their schedule. But, the office is much more than just a place of employment.
This group finds meaning and satisfaction in their economic and social needs at work, which may require a company culture change.
In 2023, members of Gen Z will hold more power than previous generations because of the persistent skills gap. Since they have a firm grasp on their abilities and the options available, they will be quick to turn down jobs that don’t align with their values or provide meaningful work.
This is why businesses are now focusing on improving their employer branding, employee experience, and rewarding transparency. Most importantly, companies are more open to flexible work schedules.
Why I Wrote This:
Our goal is to develop innovative recruitment tools like Text Analyzer. Using Ongig, you can keep up with hiring trends and draft unbiased, gender-neutral job postings. Book a demo with us and see it in action!
- 15 Hiring Trends to Watch in 2023 [Marketing Leader Data] (by Tristen Taylor)
- 6 Hiring Trends To Look Out For In 2023 (by RecruitMyMom)
- How are recruitment trends evolving in 2023? (by HR Business Solutions)