The recruitment industry is almost unrecognizable from just a decade ago. 2023 is almost upon us, and it is still shaping up to be a candidate-driven market, where applicants have the upper-hand and can negotiate for better pay and perks because companies have to compete for top talent.

If you will be among the organizations looking to attract some of this talent in 2023, you should familiarize yourself with what the hiring market will look like in the coming year.

Remote work can give companies a leg up

Even as more companies push for workers to return to the office, it is becoming increasingly clear segments of the workforce would prefer to work remotely. According to data from Pew Research Center, 61% of remote workers say they prefer to work from home. Similarly, about 60% of job seekers are willing to quit an in-person job for a remote job, according to a recent ZipRecruiter report. For many companies, remote work will be the lever that allows them to recruit, engage and retain top talent. The added benefit: remote roles can be filled by talent from anywhere in the world and businesses can look beyond their immediate geographic area.

Mental health = corporate health

The soft skills: empathy, curiosity, and listening, are key to a company’s growth mindset, and they will only grow in importance in the new talent economy. These personality traits and behaviors help people flourish in their jobs, which in turn raises productivity.

Lifestyle is the new work style

See your employees as whole, unique individuals with lives outside of work. Empower them via their jobs. It is no longer about the corporation as the center of the universe with ping-pong tables on Thursday afternoons. Covid blew the lid off the idea that work is the center of the universe.

Recognize that your people work to live, not live to work. Create options for them to care for their families. Create work environments that allow people to do their best work. 

Diversity, equity and inclusion is a must

The idea that a diverse, equitable and inclusive workforce enhances business is now a proven fact, thanks to numerous studies. In the face of a talent shortage, diversity metrics like ethnicity, gender, generation and neurodiversity become even more important. The continued rise of remote work will allow companies to be more flexible and, as a result, more inclusive of segments of the workforce often overlooked, such as caregivers or those with disabilities who physically cannot get to an office five days a week. Companies will have to retool their HR processes so they can eliminate biases and expand recruitment efforts.

Cross-border hiring is becoming commonplace

Geographic location is losing its edge as a prerequisite for hiring, with remote work opportunities allowing companies to look beyond their borders for job candidates. In addition to opening up wider talent pools, there are other benefits to hiring a remote global team. Cross-border hiring inherently builds more inclusive, diverse teams that blend various cultures, ideas, and perspectives.

Latamforce is your partner when looking for the right talent. Contact us, we can help you stay in front of the line with recruitment trends, and engage new talent pools around the world, taking your business to the next level of success.

To every hiring leader out there, is your organization ready to meet talent where they are?

If not, then let’s talk.