You are on page 1of 10

welcome to brighter

Top hiring trends to


look out for in 2023
2

Introduction
Recruitment or talent acquisition is about finding and hiring qualified candidates for your company.
Businesses are run by people, and finding the right people is a north-star metric for the recruitment team
of any organization.

However, recruitment trends have undergone significant changes due to technological advances and major
shifts in the job market in recent years. Some notable and recent trends in recruitment include online job
boards and social media, a focus on diversity and inclusion, data and analytics to identify top candidates,
the rise of remote work, and the adoption of personalized and targeted recruitment strategies.

It is imperative that organizations analyze these latest trends in recruitment and use them as part of their
hiring process.
3

Top seven recent trends in


recruitment in 2023

1. Use of artificial intelligence 2. Emphasis on diversity,


(AI) and machine learning equity, and inclusion (DEI)

Many companies focus on DEI in their


According to a study by Tidio,
recruitment efforts, as they recognize the
about 95% of HR professionals benefits of having a diverse workforce.
think AI could help in hiring. It includes actively seeking and recruiting
talent from under-represented groups and
AI and machine learning automate various implementing policies and practices that
aspects of the recruitment process, such as promote inclusivity and equity within the
resume screening and candidate matching. organization.
These technologies help companies save
time and resources by offering objective
candidate evaluations.

For example, Mercer | Mettl’s Remote


Proctoring Solution uses artificial
intelligence to monitor candidates during
assessments. It monitors candidates’
audio, video, and image during the test.
The proctoring technology further helps
authenticate candidates and record the
session for future review.

Connect to an expert
4

3. Use of virtual 4. Emphasis on skills


recruiting tools and capabilities rather
than degree
With the widespread adoption of remote
work, virtual recruiting tools, such as
Many companies are moving away from
video conferencing and online assessment
requiring traditional degrees for specific roles
platforms, have become crucial.
and focusing on candidates’ skills and abilities.
They are concentrating on upgrading the

89% existing employees’ skills and knowledge.

One of the best methods to upskill your existing


workforce is to utilize Mercer | Mettl’s suite of
In fact, as per The Future of assessments for reskilling and upskilling. Our
Work report by Monster, 89% Training Needs Analysis identifies the training
of organizations are now requirements of your workforce. It evaluates
each employee to highlight training and
recruiting virtually.
reskilling needs for different job roles.
Online recruitment solutions by
Mercer | Mettl help assess candidates’
potential in a specific domain. For
instance, Mercer | Mettl’s technical
tests assess candidates’ job-focused
competencies. Using this suite helps
companies find the right fit for different
job positions.
5. Use of employee
referral programs

Employee referral programs help companies


tap into their existing networks and find
qualified candidates. These programs often
provide employee incentives when referred
candidates are hired, which becomes a
cost-effective way to find top talent.
5

6. Use of temporary or 7. Use of internal talent


contract staffing mobility programs

Companies are increasingly turning to The recession in 2023 will lead to many recruitment
temporary or contract staff to fill short-term challenges. For instance, recruitment cost-cutting,
or specialized roles. This can be a cost-effective hiring quality in place of quantity and optimizing
solution for companies requiring specialized the hiring process.
expertise for a crucial projects.
For these reasons, internal talent mobility
programs may aid recruitment. Many employees
in the company may be willing to move to a new
position. Offering them the required training can
Connect to an expert help fill important positions and reduce the cost
of hiring.
6

Hiring challenges recruiters


may face in 2023

• Fewer job openings:

Many companies may reduce their


hiring or freeze new hiring altogether
to cut costs during the recession. This
can lead to fewer job openings and a
competitive job market for recruiters
to navigate.

• Dip in the quality of candidates:

Recruiters may have difficulty finding


quality candidates for open positions
with more candidates in the market.

• Limited budget for hiring:

Recruiters may face a budget constraint


during a recession, making it difficult to
attract top talent or offer competitive
salary and benefits packages.

Connect to an expert
7

Strategies to attract and retain


talent during a recession
Concentrate on Utilize the
hiring generalists existing network

Generalists are more adaptable and flexible


The existing network of employees, industry
because of their diverse skills. They can handle
contacts, and alums can become valuable
multiple tasks and responsibilities.
resources for finding top talent. Consider
reaching out to these individuals to see if they
know candidates who might be interested in
the job role you are willing to fill.

Offer flexible
This means looking at
work arrangements
candidates who have
a crossover of skills Many job seekers are looking for flexibility in
and experience and their work arrangements, especially during
the recession when they may be juggling
can move around into multiple responsibilities or dealing with
different roles within financial uncertainty. Consider offering
your organization. flexible work arrangements, such as remote
work or part-time schedules, to attract and
retain top talent.
Sharlene John
Head of Recruitment,
Selfridges
8

Foster a culture of Strengthen the talent


well-being and engagement acquisition team’s skills

It is important to offer career growth and The role of the talent acquisition team
learning opportunities and respect employees’ has changed over the years. They are now
after-work boundaries to support their well- expected to use a holistic approach to hiring
being and engagement. and evaluate insights that may help senior
executives build a strong team. Training this
An essential challenge in recruitment is making
team in data analytics can help improve the
employees feel valued and supported, leading
business’s recruitment outcomes. This team
to higher levels of engagement and productivity.
can attract the right candidate, aid internal
mobility, and ensure the right upskilling.

Mercer | Mettl can help overcome these


Use proactive challenges by making hiring more efficient.
recruitment efforts Our research-backed assessments, an
efficient cloud platform, and in-depth
It’s necessary to be proactive and targeted in analytics offer transformative results.
your recruitment efforts. It involves targeted
job postings, networking events, or online job
boards to reach suitable candidates. Consider
using Mercer | Mettl’s suite of assessments to
Connect to an expert
reduce recruitment efforts.

Invest in employee
development

Invest in employee development to help attract


top talent. This might include offering training
and development opportunities or tuition
reimbursement for employees looking to
advance their careers.

Design a reskilling program with


Mercer | Mettl’s assessments like Skills Gap
Analysis, Learning Agility and Proximity,
and Training Effectiveness.
9

Conclusion
Mercer | Mettl
The increasing use of technology and the comes in as the
shift to virtual and remote work influence
recent trends in recruitment. Online talent measurement
job platforms, video conferencing, and expert with its
automated resume screening have
become more prevalent in the hiring
proven ability to
process. For this reason, hiring in 2023 curate and administer
will focus on diversity, equity, and inclusion
assessments that
in recruitment, as companies seek to
build more diverse and inclusive teams. measure knowledge,
Data and analytics have also become an skill, cognition, and
important hiring trend, as organizations
use data to make informed hiring decisions behavior needed in the
and optimize their recruitment strategies. context of the job role,
Mercer | Mettl can play a vital role in
company, industry,
helping businesses follow these recent and geography.
trends in recruitment. They measure talent
and help companies build strong teams.
Siddhartha Gupta,
CEO, Mercer | Mettl

Connect to an expert
About us

At Mercer | Mettl, our mission is to enable


organizations to make better people decisions across
two key areas: acquisition and development. Since our
inception in 2010, we have partnered with more than
4,000 corporates, 31 sector skills councils/government
departments and 500+ educational institutions across
more than 90 countries.

mettlcontact@mercer.com

www.mettl.com

Important notices
Be sure to carefully read and understand all of the
disclaimers, limitations and restrictions before using the
assessment services, reports, products, psychometric
tools or the company systems or website.

Read the complete disclaimer here:


https://pages.mettl.com/disclaimer

A business of Marsh McLennan © 2023 Mercer LLC. All rights reserved.

You might also like