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The corporate world in 2023
Recruitment trends are constantly evolving alongside the changing talent landscape. The pandemic created significant shifts in the way we work, and 2023 represents a time of recovery and adjustment to the new normal. In this ebook, we take you through the current global talent and recruitment trends, and we shed some light on what might be the future workplace trends.
VIEW GLOBAL RECRUITMENT TRENDS
Upskilling becomes essential
More and more processes that used to be performed manually are being optimized using technology. This will continue to free up time for more meaningful human intervention. The rapid digitization, however, demands a newer set of skills and makes certain jobs redundant, creating a dire need for upskilling.
AI enters the workforce
Industry 5.0 is upon us, which means that humans and robots will start working together.
Skills precede qualifications in candidate selection
With ongoing digitization and the growth of AI, soft skills that cannot be replaced by machines, such as leadership skills and empathetic communication, are in high demand and will dictate the hiring trends for this year.
Getting creative with talent retention strategies
The Great Resignation showed us that a pay check is just one component of why people work, and employees put greater value into their lifestyle and purpose. This has given rise to organizations paying more attention and getting more creative with how they can provide benefits that are meaningful to their employees.
Rightsizing in light of the recession
The recession has created the need to be extremely diligent when it comes to organizing an efficient workforce. When rightsizing, it is better to prioritize filling vacancies and retaining existing employees over of adding new roles.
Environmental, social, and corporate governance (ESG)
People want their work to contribute to a bigger purpose. Companies are taking a keen interest in how they can help facilitate this by participating in ESG activities.
Remote workforce trends and hyperflexible workdays
After the pandemic, we have come to the realization that working from anywhere at any time can be just as productive, if not more so, as working the typical eight hours a day. This will give rise to work environments with more flexible timings, remote and hybrid workers, and four-day work weeks.
High demand for cybersecurity
A lot of companies have reported cyber security breaches in the past two years. This could be because more people are working from home and connecting to IoT devices, which creates security risks. This has given rise to a higher demand for jobs in cyber security.
Multigenerational workforces
Organizations are becoming more diverse, as the workforce demographic now includes four generations: baby boomers, Generation X, millennials, and Generation Z.
Increase in salaries
Inflation and the need for specialized skillsets have created an increase in salaries for certain positions.