How are the Recruitment Trends Shaping Up for 2023?

Despite large chunks of layoffs by FAANG and other companies in the IT domain, we can still remain hopeful for a better future since more than 8 million jobs will open up across healthcare, technology and data analysis. That said, as an employer, you should know the trends that will majorly dominate recruitment in 2023.

Industry Hiring Trends of 2023

For Employers 

As an employer, there must be a few adjustments that one can make to give interviewees a better experience when it comes to hiring. Here’s what you can adjust to as an employer; 

Give Candidates a Better Recruitment Experience 

The old cliche has changed where candidates' consent doesn’t matter! The market is in dire need for experts and as a company you need to make that positive impression so that they feel proud to be a part of your workforce. To start with, you can give a better candidate interview experience by: (i) Being transparent about the interview process , (ii) Sharing interviewers profile with candidates so that the get the time to know them better (iii) Preparing interviewers well in advance before they take the interview (iv) Respect the time of the interviewer (v) communicate with them (vi) Respectfully tell the candidates that the job has been filled or they have been disqualified due to certain factors so that they can improve themselves. 

Employer Branding 

Employer branding is vital so that you do not miss out some of the best candidates for the job. To do a positive employer branding, you can showcase the work environment, workers experience in your company and employee’s value proposition. Like when time and again, you would recognize their talents and award them for the same, in such a case, more people would be eager to join your organization. 

Hybrid Work Model 

Post pandemic phase has given a new identity to the work from home option. Most of the employees prefer companies that have a hybrid work model. In this way, the company can give better opportunities to its workers to manage a positive work-family balance. The advantage of working in a mixed environment will benefit employees and they will be eager to be a part of your team. 

For Location 

The Americas

In the Americas, we are going to see a rise in medical and digital professionals jobs. That said, companies might be eager to even hire candidates from small cities, underrepresented groups and other humble backgrounds allowing them to upskill themselves for the future. 

Europe 

Europe will experience a similar degree of hiring with a 132% growth in construction, 62% in real -estate because due to the pandemic and a new work culture, most people would wish to move to small cities where they can save a significant portion of their income. 

Middle East

In the Middle East, we may see the rise in digital content freelancers, digital marketing professionals and coaches. Those who are applying for jobs in the Middle East can look forward to these job verticals. 

South-east Asia

In Singapore, the demand for digital skills will grow. Whereas, in India, the last few years have seen a massive growth in technology, especially, in the Web 3 space which is going to explode in 2023 for hiring new talents. 

Oceania 

Australia will be witnessing the growth in the care sector where vacancies will open for mental health, healthcare, and social workers  with their expertise ranging from clinical and diagnostic to organizational and communications. 

For Experience Holders 

C Level Professionals 

C level professionals will be in demand who can assist in the domains of marketing, finance, human resource, technology & products, and sales. Even other skills like coding, content creation, research analysis, data analytics, digital marketing and online teaching will experience a fresh boost in 2023. 

Why Is It Absolutely Necessary To Upskill in 2023?

Employers should give due focus to upskilling their employees for the following reasons; 

Better Engagement with Employee

It is not the numbers that matter in any organization, rather, their contribution. As per top CEOs, they believe that launching any program which can help in upskilling employees not only boosts company’s productivity but also improves the retention rate. It is also seen that 77% of the employees are willing to learn a new skill to compete better in the market. If companies are providing the same to these employees, they would be happy with their job experience. 

Bring Better Business Agility 

Things might change at a blink of an eye. We have already seen that during the pandemic. By preparing the employees to face black swan events like pandemics or a change in technology, they could help the organization sustain as and when consumer’s preferences change. 

Money Saver 

It costs more to hire a new talent based on the job demand than to upskill an existing worker. On an average, Upskilling costs $1300; whereas, if you are going to hire a new talent, it would cost around $4.425. Also as per statistics, 94% of the employees will be eager to stay with an organization who is willing to upskill them for the future to help them secure their jobs and career. 

Conclusion 

The paradigm has changed over the years where both employees and employers must be complementing each other for sustainability. By setting up a dynamic work environment and better communication with parties who have the common vested interest, recruiting and hiring can be further bettered in 2023. 

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