The world is changing rapidly, and with technological advancements, evolving workforce expectations, and demographic shifts, businesses need to stay on top of hiring trends to attract and retain the best talent. In this article, our top recruiters will share their insights on the key hiring trends for 2023, including the use of AI in hiring, the importance of diversity and inclusion, and more. Whether you're a hiring manager or a job seeker, this article will provide valuable insights to help you stay ahead of the competition and build a successful hiring strategy for 2023. So, let's dive in!
- Continued focus on the candidate experience.
The candidate experience continues to be a top priority for companies in 2023. Smart employers recognize the need to provide a transparent, efficient, and respectful recruitment process that values candidates' time and effort. Timely feedback, clear communication, and a positive experience throughout the hiring process are critical elements of this process. Our Workforce Specialist, Dylan Sanderson, emphasizes the importance of empathy towards job seekers and recognizes the challenges they face in today's job market. Even small gestures, such as providing resume feedback, can significantly improve the candidate experience and make a positive impact on the interview process. By prioritizing the candidate experience, companies can attract and retain top talent and establish a positive employer brand.
- New and improved company referral programs.
As competition for top talent intensifies in 2023, companies are increasingly turning to their current employees as a valuable resource for identifying potential candidates. This has led to the development of new and improved company referral programs. Aaron Severson, a TPD Workforce Specialist, suggests that employers invest in strengthening their referral programs by providing incentives for referrals and making it easier for employees to participate. By incentivizing referrals, companies can tap into their employees' networks and attract high-quality candidates that may not have been found through traditional recruitment methods. Additionally, employees who refer successful candidates can feel a sense of ownership and pride in their contribution to the company's success.
- Heightened demand for technical and leadership skills.
The adoption of AI in the workplace is leading to a significant shift away from repetitive work and traditional skill sets associated with such work. As companies invest in technological advancement, they will need to consider the new skills they will need in the future, and which skills will no longer serve them. We predict the shift will be towards leadership skills such as critical thinking, problem-solving, and adaptability, alongside engineering capabilities.
- Investment in training and development.
To address the talent shortage and future skill gaps, companies need to take training and development into their own hands, upskilling and reskilling with urgency. This starts with hiring. While exact skills and industry experience may not be readily available in the market, look for transferable skills and trainability, which is a trait that requires both mental capacity as well as flexibility and willingness to learn. Our Mining Workforce Specialist, Mike Luke, advises companies to expand their search to include candidates who may not have the exact skills or experience, but have the potential to excel with proper training. Moreover, investing in entry-level professionals or trade apprentices can also help nurture a more loyal and engaged workforce.
- Exponential rise of automation and AI in recruiting.
The same is true in the field of recruiting itself. With many new tools on the market, now is the time to transform recruiting efforts through automation, data-driven insights, and virtual enablement. According to Summer Becker, a TPD Workforce Specialist, embracing these new technologies can significantly improve recruitment processes and enhance the candidate experience. Companies can leverage automation tools to streamline recruitment workflows and provide a more efficient and transparent hiring process. Data-driven insights can also help identify areas of improvement and optimize recruitment efforts for better results.
- Diversity, equity, and inclusion initiatives.
Companies that prioritize DEI in their hiring practices are more likely to attract and retain diverse talent, which in turn enhances innovation and creativity and builds a more successful and sustainable workforce. According to Nikita Weisgerber, VP of Operations, the focus on DEI initiatives is not just a trend but a critical business imperative that is becoming increasingly important across industries and generations. Companies that fail to prioritize DEI risk falling behind in the competition for top talent and losing the trust and loyalty of their employees and customers. Therefore, it's crucial for companies to adapt their hiring strategies and create a more inclusive workplace culture that values diversity and fosters belonging.
- The Rise of the Gig Economy.
In the post-pandemic era, there has been a surge in the popularity of gig work, with many job seekers opting for shorter contracts and freelancing opportunities. This trend has resulted in job experiences on resumes appearing jumpy, which may have been considered a warning sign by employers in the past. However, it's important for employers to understand the reasons behind this shift in employment patterns. Many employees are attracted to the flexibility and autonomy that gig work offers, allowing them to pursue a range of professional experiences and work on their own terms. Bernadine Mahmoud, a TPD Workplace Specialist says that by reconsidering non-traditional employment patterns, employers can expand their limited talent pool and attract a wider range of highly skilled candidates.
In today's fast-paced HR world, it's crucial for businesses to stay on top of hiring trends in order to remain competitive. Our expert recruiters have provided valuable insights into key hiring trends we're seeing now and predict will continue throughout 2023. These trends include the significance of candidate experience, company referral programs, leadership skills, training and development, automation, DEI initiatives, and the growing gig economy. By incorporating these trends into their hiring strategies, companies can attract and retain top talent while establishing a positive employer brand. As the recruitment landscape continues to evolve, it's essential for businesses to stay ahead of the curve and remain agile in their approach.