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How Does 2023 Look So Far Within Recruitment?

Updated: Jun 30, 2023

The recruiting landscape is changing, and only recruitment companies that embrace that change will thrive.

So, here we are in mid-2023 and what a year it's been! Human Resources teams and recruitment agencies worldwide have been busy putting their heads together, brainstorming ways to boost their recruitment methods during these financially shaky times. Remember how we faced a sudden shift to remote work, skyrocketing inflation, a tough job market, and potential economic recession in the past years? Challenging times indeed.

But every cloud has a silver lining. Companies now have this fantastic chance to draw in some really talented people by offering fair, enticing, and smooth recruitment processes. And recruitment companies like Gramerci are ready to help.

Interestingly, even though some sectors are seeing a bit of a slack in the job market, the mindset of candidates and employees has taken a 180-degree turn. Nowadays, what they want is flexibility at work, more focus on diversity, and non-biased recruitment processes where they can really show their industry worth and compete on an even playing field.

When businesses cater to these demands, not only do candidates enjoy a better recruitment experience, but it also leads to a more comprehensive and predictive recruitment method. Plus, these same tactics can be used by HR teams to develop talent mobility programs based on solid data, that we can help compile, which will enable better allocation of human resources and lead to improved employee retention.

Now, HR teams are currently navigating through uncertain recruitment and financial times, and there are several key trends on the horizon that could affect how they operate in 2023. Let's dive deeper into these trends and discuss how we can help companies use them to build more solid workforces.

Placing an emphasis n talent mobility could be key to hanging on to employees.

Over the past year, companies have been really experiencing hardship with high employee turnover. Now, even though talent mobility is known to boost retention, the latest data shows that only 28% of companies claim to have a well-structured program to promote it. Interestingly, while some recruiters are convinced that salary is the top priority for job seekers, we know that seekers themselves are more interested in climbing the career ladder.

And here's an interesting observation from Gallup: Employees see the “opportunity to do what I do best every day” as a key engagement factor. So, if companies zero in on talent mobility, they'll not only keep their employees, but they'll also make sure their human resources are being used in the most productive way.

The candidate experience is becoming a big game-changer in recruitment.

While things like perks and company culture are important for attracting and retaining talent, the recruitment process itself can leave a lasting impression. According to data, potential candidates have given up on a recruitment process due to poor communication from the company they applied to.

And it's not just about providing clear info about the job (like salary and benefits). Recruiters need to respect candidates' time too. We've found that candidates have dropped out of recruitment processes because they were just taking way too long. Lastly, it's crucial for companies to show candidates that their recruitment process is fair and unbiased. This is a powerful way to reduce bias.

The use of structured interviews could see a boost.

While interviews have always been the heart of the recruitment process, a lot of companies don't fully exploit the information they can get from them. Unstructured interviews are still widely used, even though their ability to predict job performance is less reliable than structured interviews and assessments that measure things like general ability and work ethic.

That's why the increased awareness about the impact of subjectivity and unconscious bias in unstructured interviews could lead to a rise in the use of structured interviews in 2023. A 2022 study in the Journal of Applied Psychology found that structured interviews “emerged as the top-ranked selection procedure,” showing more predictive power than unstructured interviews. So, it's no surprise that, according to data, two-thirds of recruiters claim structured interviews lead to better hiring decisions—a number likely to go up next year.

Companies might invest more in their recruitment processes.

Even with all the financial uncertainty, recruiters are gearing up for company growth in the next year. While companies might get more say in the recruitment process as the job market cools down, they're also facing major financial challenges in 2023.

So, if recruitment budgets do inflate, HR will need to enforce stricter requirements. Companies will be cautious about over-hiring, any hiring decisions will probably involve a chat with the CFO, and an increased focus on talent mobility could help companies avoid the costs associated with bad hires.

Predicting the future is not easy, as we've seen over the past few years. There are likely more surprises in store when it comes to recruiting and retaining talent, but HR teams should make every effort to stay ahead of the game by keeping up with the latest trends in their field. No matter what the rest of 2023 brings, focusing on talent mobility, candidate experience, and data-driven recruitment could yield big benefits in the years to come. Here at Gramerci we’ve always prided ourselves on being ahead of the curve in terms of forecasting the imperatives of clients and candidates alike. It’s what made successful, and that success translates as positive results for you.



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