Recruitment trends have drastically evolved in recent years. Trends in the talent acquisition sector depend on many factors like the economy, technology, and skill gap. These factors can alter your hiring efforts and force you to reevaluate your recruiting processes.
The recruitment world is still recovering from the great resignation last year. How do you cope as a hiring manager amid turnovers and a potential economic downturn? Reassessing your hiring strategies yearly or every quarter helps you develop a concrete action plan. From attracting talent to onboarding, recruiters always find solutions to streamline their hiring process. Consequently, let’s see a few current and future trends in recruitment to help you achieve your business objectives.
Top 5 Recruitment Trends in 2023
1. Flexible Hours / 4-day Work Week:
More and more companies are switching to a 4-day work week. Burnout is the main reason employees leave the company. A 4-day work week will help you foster a happy work environment and reduce employee burnout. At any rate, shorter work durations and flexible options improve employee health, morale, productivity, and retention. Candidates are likelier to choose you if you offer them a more flexible work option. Giving employees autonomy to handle their work schedules will help them stay in control and improve retention. Not to mention, who wouldn’t want this trend in recruitment to catch on?
Without a doubt, brand reputation is one of the deciding factors for the employee. Building and showcasing your company’s core values and social causes will help you create a positive image. This will also help you attract top talent. This is one of the major strategic trends in talent acquisition that most hiring managers already implement into their hiring strategies. All things considered, a strong company image will help you stand out against your competitors and is a cost-effective way to attract top talent.
The power is now entirely in the hands of an employee. A simple salaried position is no longer a viable option. One of the new trends in recruitment and selection is providing the candidate with more incentives and perks to improve employee satisfaction and engagement. This hiring trend enables employees to become more invested in the company and enhances retention. It’s also a surefire tactic to attract top talent willing to stay long-term with the company.
4. Gen Z Workforce:
By the end of this decade, Gen Zs will make up a third of the workforce. Tailoring your content and hiring tactics to fit the generation is now more than necessary. Gen Zers are a different breed; even though their main priority is the pay, they also tend to prefer companies that are more vocal about diversity and ethnicity. The demographic cares about the company’s core values, commitment to social causes, and employees. Most importantly, they prefer more transparent companies that provide purposeful work. As a generation who started off working during the pandemic, their thoughts on the work environment are through a remote setting. Over 70% of Gen Z workforce have second thoughts about their job if they must be in the office full time.
5. Freelancers and Gig Economy – Disruptive Recruitment Trend:
Employees and candidates are slowly migrating to a project-based or temporary work option. The switch allows them to work with multiple clients and provides time flexibility. Outsourcing is gradually gaining popularity, thus forcing recruiters to alter their recruitment strategies.
At Merit Services, we stay up to date on all hiring trends. Our team of experienced recruiters helps companies find top talent across various sectors. Contact us today to learn how we can help you with your staffing problems.