4 Recruitment Trends to Watch in 2023
2023 is officially here and many recruitment experts are reflecting on the past year’s hiring trends and projecting what’s to come over the next 365 days. 2022 brought us pervasive workplace trends - from quiet quitting to the Great Resignation - indicating that the modern workplace is changing and changing fast.
Just a quick online search of “2023 hiring trends” will render millions of results, particularly as the looming threat of a recession leaves corporate executives and business owners contemplating potential profit losses, hiring freezes, and lay-offs. Still, the recruitment experts at Shaw Search Partners remain cognizant of the power young professionals yield in today’s professional culture. Take a look below as we break down four key hiring trends our team of recruiters will be paying close attention to throughout the new year.
Yes, economic factors will be affecting the recruitment process.
There’s no sugarcoating the evident economic uncertainties we are currently facing, both nationally and globally. With buzzwords like ‘inflation’ and ‘recession’ becoming so commonplace in our day-to-day news consumption and interpersonal conversations, the state of our economy is top of mind for many corporations and their hiring managers. Those seeking their next career opportunity as well as recruiters will need to rethink their overall strategy for hiring. Budget cuts and hiring freezes will be the order of the year.
Salary is king.
Gone are the days of compensation packages boasting insubstantial workplace perks. Rather, candidates will be prioritizing job offers with highly competitive salaries and valuable benefits, such as healthcare and retirement packages. Again, economic concerns are top of mind for job seekers as inflation takes a toll on everything from everyday expenses to monthly bills. For corporations to remain competitive with highly qualified candidates, salary packages need to be a key consideration.
Further, salary transparency will become more relevant in the new year. Both potential candidates and current employees are seeking employers who practice salary disclosure publicly.
Remote work isn’t going anywhere.
For many candidates, companies that do not offer remote or hybrid policies are not considered viable career-growth opportunities. Following the onset of Covid-19, remote work became commonplace for many employers, much to the delight and overall productivity of employees nationwide. The work-from-home model offers employers greater flexibility and increases job satisfaction, often increasing the longevity of valuable team members. Hiring managers should continue to use remote work as a key selling point for open positions to attract top talent.
Social media and branding will be incorporated into the hiring process.
For many Americans, social media is considered their primary method of communication, news, and entertainment. It’s how we find new products to buy, research potential vacation locales, stay in touch with friends and colleagues, and even vet political candidates. It should come as no surprise to recruiters that social media will be more relevant in their marketing efforts for new employees.
As Gen Z becomes more prevalent in the workplace than ever before, companies will need to rethink how they brand their internal culture not just to potential customers but to potential employees. Social media can be wielded as a tool to better communicate company values and attract candidates with highly desirable skillsets and experience.
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As with any new year, much is still unknown about where 2023 will take recruiters. Modern-day hiring practices have proven to be highly malleable and require near-constant updating to remain relevant and competitive.
For corporations seeking an expert hand to assist their hiring team, Shaw Search Partners is here to use our decades of experience in the recruitment industry to help find your next all-star employee. Hiring can be a daunting task. But, luckily, you don’t need to go at it alone.