If there is one thing we can be certain of, the past hiring practices do not resemble those used now and will be equally different from those in 2023 and beyond.
The COVID-19 pandemic dramatically disrupted hiring and recruitment, forcing employers to adopt innovative solutions to fill talent gaps. And years down the road, it looks like many of those trends are here to stay and are being adapted and evolved to meet the ever-evolving needs of businesses.
So, what do employers and recruiters need to be aware of in order to remain competitive in the recruitment industry? We will cover the following topics to bring you up to speed on the latest trends in recruitment and hiring:
The recruitment industry is constantly changing, and 2023 won't be any different. We are already seeing a shift away from traditional recruitment methods, such as in-person interviews and job postings, towards more effective solutions, such as virtual interviewing and video-conferencing.
Technology is also playing a bigger role in recruitment, with tools such as BrightMove's Applicant Tracking Software (ATS) being used more often to streamline the recruitment process.
And thanks to the COVID-19 pandemic, remote working has become commonplace, with job seekers now expecting employers to provide flexible working options.
Additionally, data and analytics are being used more frequently to inform recruitment decisions, with employers able to gain valuable insights from data-driven metrics such as time-to-hire, cost-per-hire, and applicant data.
Recruitment does come with its share of challenges. Let's take a look at some of the most common ones:
With the job market becoming increasingly competitive, it can be difficult to find the right candidate for a role. Not only do you want someone who is qualified and capable of filling the position, but you also need to make sure they are the right fit for your team and company culture.
Additionally, with so many other employers vying to snag the same top-notch talent, it can be a real challenge to stand out from the crowd.
Finding the right candidate can take a lot of time and effort, especially when you have limited resources to work with. Not only do you have to review applications and conduct interviews and background checks, but you also need to consider the logistics of onboarding a new hire. It's a process that takes several steps, and it can be difficult to complete them all within the allotted time frame.
With the right recruitment tools, processes and strategies in place, it can be easier to find the perfect candidate for a role but not everyone has access to the necessary resources. Depending on the size of your business, you may be limited in terms of budget and workforce -- both of which can hinder successful recruitment.
Recruitment trends are important to stay informed and up-to-date. With the right knowledge and information, employers can use recruitment trends to their advantage and create an effective recruitment strategy that helps them find the best talent for their organization.
Additionally, understanding the latest recruitment trends can help employers stay ahead of the competition and ensure they have access to the best candidates.
When it comes to recruitment, there are several steps that should be included in the process. These include:
The first step is to plan the recruitment process and create a timeline of key tasks. Planning involves setting goals, defining the scope of the project, and making sure everyone involved is on the same page.
A strategy is devised for recruiting the candidates. This includes targeting the right talent, checking available recruitment sources, and finding a suitable geographical area for hire.
Searching involves attracting potential candidates to the organization. The two main sources used to attract candidates are:
Involves hiring current employees or people who have previously worked for the company through promotions and transfers.
Involves hiring "new" candidates from outside of the organization. Sources such as job boards, recruitment agencies, and networking events are used to source new talent.
This involves reviewing resumes, interviewing candidates, and checking references. The shortlisting process allows employers to narrow down their selection of applicants and choose the most suitable candidate for the role.
The final step of the recruitment process is to make an offer of employment and complete the onboarding process. This involves providing new employees with the information they need to get started in their roles and helping them become settled and acclimatized.
Employee benefits have grown in importance as a recruitment strategy. More companies are offering competitive benefits packages, such as health insurance, flexible work policies, and commuter assistance. This helps employers attract top talent and stand out from the competition. Plus, it helps to build a positive employer brand and improve employee retention. This trend will continue to be important in 2023 as employers strive to create a positive work environment.
Another recruitment trend that you should consider implementing into your recruitment process in 2023 is employer branding. Employer branding makes up all the details that inform a candidate’s perception of a company. It includes work ethics, company values, and personality traits that candidates evaluate to see if they correspond with their professional values.
Companies need to be aware of their employer brand, as it can attract or repel potential candidates. Talented recruits are much more likely to seek out companies (organically) that hold the same values as them. In the long run, this can help employers save time and money in the recruitment process.
Recruitment marketing trend often works collaboratively with the employer brand. After establishing a strong employer brand, recruitment marketing is your awareness campaign to potential recruits. This marketing further convinces candidates to apply for job openings at your company.
And while recruiting involves advertising a job opening on multiple platforms, recruitment marketing does the opposite. It pushes brand content through different mediums to build awareness of the brand and effectively attract top talent to your company.
Candidate experience is a recruitment trend that, if overlooked, can be a costly mistake. Candidate experience evaluates how a job applicant feels through their job application process. For example, a great candidate experience would include a detailed job description, a simple application process, timely feedback after interviews, and more. Companies that have a poor candidate experience risk losing out on great talent. Companies should start focusing on improving their candidate experience in 2023 if they want to stay competitive.
Talent pools are collections of potential candidates who have expressed interest in working for a company. They could be candidates who applied for a job in the past, former employees who expressed interest in returning, individuals suggested by existing employees, or applicants from job fairs.
For companies to stay competitive in their recruitment strategies in 2023, they should create and maintain a talent pool for two main reasons. First, to have potential candidates on hand when recruiting needs arise and second, to keep communication open with interested applicants even if there are no job openings. This can help strengthen relationships with potential hires and ensure they remember your company when the time comes.
Workforce analytics is becoming increasingly helpful in the candidate recruitment process. Companies are using this data to better understand their workforce, identify patterns and trends, and make more informed decisions when it comes to hiring new employees. This can help to save time, reduce costs, and improve the quality of hires.
Many companies are already using workforce analytics strategies in their recruitment process. Those who have yet to jump on this trend should consider doing so in 2023 for better recruitment results.
Data-driven recruiting is the use of data to find, evaluate, and hire candidates. This means using analytics to track recruitment progress and success. This data can also be used to improve the recruitment process by showing which tactics are working and which ones need improvement.
By leveraging software and analytics tools like BrightMove’s ATS, and candidate sourcing technology, companies can target the right candidates for job openings and improve their efficiency in the recruitment process in 2023.
Many businesses are exploring how Artificial Intelligence (AI) can improve their hiring endeavors. AI capabilities can carry out repetitive tasks such as screening candidates more effectively.
According to studies, recruiters spend up to 13 hours of their workweek sifting through a huge pool of applicants in search of quality individuals.1 AI-driven technology can cut that down to a fraction of the time and help recruiters focus on more strategic tasks.
AI can also improve the selection and interviewing process, as it can review resumes more quickly than humans.
In addition to improving the candidate experience by updating candidates on the progress of their applications, AI can help ensure hiring decisions are made more promptly and unbiasedly.
Undoubtedly, AI is rapidly evolving, and 2023 could see a surge in its implementation in recruitment processes.
The competition for top talent is fierce, and recruiters have to stay ahead of the curve or risk being left behind. BrightMove’s Applicant Tracking System (ATS) can help streamline the recruitment process and ensure your company stays ahead of these recruiting trends in 2023.
BrightMove’s ATS can help you easily track and manage applicants, automate mundane tasks such as screening candidates, create custom reports to better understand recruiting analytics and trends, and much more. BrightMove-powered recruitment processes are the way of the future, so stay ahead of the competition by leveraging BrightMove’s ATS in 2023!
Schedule a demo today, and let us show you how our powerful recruitment software can help you stay ahead of the game.
Employer branding helps inform potential applicants about a company's culture, values, and mission. It also serves as a way to attract top talent, which can help strengthen the candidate pipeline and ensure the company is well-positioned to hire quality individuals when needed.
Some common recruitment methods include job postings, word of mouth, direct advertising, referrals, and social media recruiting. Additionally, companies can partner with recruitment agencies and leverage technology such as BrightMove's Applicant Tracking System (ATS) to automate the recruitment process.
A candidate-driven market is a situation in which there are more job openings than qualified candidates, causing companies to engage in an intense competition for the best and brightest. Companies should focus on creating a great candidate experience to stand out in such an environment.
Technology trends such as AI, analytics, and automation can help recruiters make more informed decisions, target the right candidates for job openings, and streamline the entire recruitment process. Companies should leverage these technologies in order to stay ahead of their competitors and ensure they are well-positioned to hire quality individuals.
The job market is constantly changing, and recruiters must be prepared to adjust their strategies accordingly. The trends discussed above are just a few of the many changes expected to take place in 2023.
To remain competitive, companies should start preparing for these trends to ensure they don't fall behind. And one of the best ways to do this is by leveraging BrightMove’s ATS. With this powerful recruitment software, companies can keep pace with the ever-changing job market and get ahead of the competition.
About the Author, Jimmy Hurff
Jimmy is a seasoned technology executive & entrepreneur noted for leading business transformations. Over his 25+ year career, Jimmy has developed multi-platform expertise in the domains of engineering, data analytics, security, compliance & business transformation. Starting in 1995, Jimmy worked with his best friend, David Webb, to develop one of the world's first Internet job board and resume bank applications. From then to now, Jimmy has been consistently helping his customers to build great teams, using best practices and world-class technology.