10 Biggest Hiring Trends of 2023
The hiring trends of 2023 are uncertain. Some experts suggest that we’re headed for a recession and that layoffs will be on the rise, while others maintain that the labor market is resilient and will continue to grow.
Nevertheless, it’s important to stay ahead of the curve and be aware of the potential changes that may occur in the new year. In this article, we’ll take a look at some of the biggest hiring trends of 2023 as predicted by Glassdoor, Indeed, Korn Ferry, and FastCompany.
Hiring Trends of 2023
Layoffs will continue to be a reality for many businesses in the new year. Companies are bracing for a potential recession and taking preemptive measures to ensure that their hiring budgets remain steady or increase only when necessary. As such, hiring will likely become more competitive in 2023 as businesses compete for top talent.
At the same time, remote work is here to stay. With the global pandemic continuing to impact hiring strategies, many companies are now hiring workers who can perform their duties remotely rather than those who must be in the office. This trend is expected to continue into 2023 and beyond as businesses increasingly adopt digital hiring and remote collaboration technology.
The hiring process itself is also changing. Companies will be increasingly looking for diversity in hiring, with a focus on hiring candidates from marginalized communities. They will also be more likely to use digital hiring platforms and look beyond traditional resumes for hiring new employees.
Finally, the gig economy is expected to continue its surge in 2023. Many businesses are now turning to freelancers and independent contractors to fill short-term roles, allowing them to fill hiring gaps without having to commit to hiring full-time employees.
10 Biggest Hiring Trends
As we head into the new year, hiring trends are beginning to emerge. Here are the biggest hiring trends according to experts.
1. Tight labor market
Although many tech companies have had layoffs recently, the job market is still predicted to be tight in 2023. With fewer available positions and more people competing for jobs, those who are looking for work will need to make themselves stand out. Companies will continue hiring, but they will be much more selective about who they choose to hire.
2. Remote work is here to stay
Remote work is not going away anytime soon and companies will need to continue adapting hiring strategies that accommodate hiring remote workers. Top talent is increasingly seeking remote options and companies will need to find creative ways to support it.
According to Indeed, the U.S. job postings that mentioned remote work increased from 2.9% to 8.6% before the pandemic. Since then, workers mentioning wanting remote options in their job searches have gone up from 1.7% to 9.8%.
3. Companies are looking for more diversity in hiring
It’s evident that more and more companies are making an effort to center diversity in their hiring practices, with a focus on candidates from underrepresented groups. If you’re working in talent acquisition, DE&I (diversity, equity, and inclusion) should be at the forefront of your mind.
Companies of all sizes are investing in diversity hiring software and focusing on hiring from specific communities or industries. Glassdoor reported that companies are taking a more “holistic” approach to hiring, which includes developing recruitment strategies for hiring diverse candidates.
4. Social recruiting will be the new norm
The hiring process is no longer limited to traditional methods such as job postings or word of mouth. Companies are increasingly turning to digital and social media hiring platforms, including LinkedIn, Indeed and Glassdoor, to attract top talent. These hiring tools allow employers to cast a wider net when searching for candidates, while also allowing them to better track the hiring process and monitor applicant engagement.
Additionally, employers are beginning to look beyond traditional resumes for hiring new employees. They may consider a candidate’s online portfolio or presence on social media before making a hiring decision.
5. Recruiters embracing new hiring CRM technology
Recruiters are increasingly turning to hire customer relationship management (CRM) software for managing hiring processes. These tools help recruiters keep track of and organize candidates, manage hiring pipelines, and build relationships with potential hires – all in one platform.
6. Temporary hiring on the rise
Due to hiring uncertainty in many industries and an uncertain economic outlook, hiring managers are increasingly turning to temporary hiring to fill hiring gaps. Many companies are now hiring freelancers and independent contractors for short-term roles or offering temp-to-perm positions as a way to test out potential employees before committing to hiring them full-time.
The latest hiring trends no longer rely on full-time employee (FTE) hires but instead have turned to contract employment. This means that companies are increasingly adopting interim executives and professionals in order to meet their workforce needs as they scale.
7. Work-Life Integration
The concept of work-life balance is a thing of the past. In hiring, employers are now looking for candidates who demonstrate that they can integrate their personal and professional lives in order to make room for self-care and other commitments without sacrificing performance or productivity.
This new hiring trend means that companies are no longer hiring 9 to 5 employees, but rather workers who can find ways to maintain a healthy work-life integration. For hiring managers, this means looking for candidates who are flexible and able to manage multiple commitments in their daily lives.
8. Automation in hiring
As hiring processes to become more complex and time-consuming, companies are turning to automation as a way to improve hiring efficiency and speed up hiring times. Automated hiring tools can help streamline and standardize hiring processes, from tracking applicants to scheduling interviews, making it easier for hiring managers to manage their workflow.
9. Employers are prioritizing candidates with online educational backgrounds
With the surge of online education platforms such as Coursera and Udemy, hiring managers are increasingly looking to hire candidates with online education backgrounds.
These platforms provide hiring managers with a better understanding of a candidate’s skills and knowledge, as well as the ability to assess their work ethic, commitment, and potential for success.
10. Making every hire count
In a competitive hiring market, employers are increasingly taking the time to carefully review every candidate and ensure they’re hiring the right person for the job.
Companies are now looking for candidates who not only have the requisite qualifications but also possess experience that is relevant to their industry or company culture. For hiring managers, this means that they must be prepared to look beyond a candidate’s resume and take the time to find the right fit.
The Bottom Line
The hiring landscape is changing rapidly and employers are having to adjust their hiring practices. Layoffs will continue in the year ahead and hiring trends will shift as economic uncertainty persists.
Companies must be prepared to look beyond resumes and take the time to find candidates who are a fit for their organization’s culture, mission, and goals.
Leveraging AI hiring tools and hiring automation can help streamline hiring processes and make sure that each hire is a success. Companies looking to be competitive in hiring must remain up-to-date on the latest hiring trends.