by Zach Montroy
Things are not the same. As technology continues to reshape industries and economies, the job market is undergoing significant transformations. If you’re a business owner, leader, or hiring manager, you feel this on a spiritual level. The process of recruiting and retaining top talent has radically changed. Today, we’ll dive into some trends that are shaping the job market landscape in 2023…and we’ll give you some tips and tools to stay sane as you navigate it.
Desire for Purpose and Balance
Obviously, remote work isn’t new, but the trend in 2023 is toward the idea of work that fulfills a greater purpose and also leaves room for a healthy, enjoyable life. Since COVID, workers have done a dramatic re-think of their priorities, and they’re looking for a holistic improvement. What does this mean for hiring? Candidates will be placing a greater emphasis on benefits that allow them to truly live their best life – including policies for parental leave, sabbatical, relocation assistance, and flexible scheduling.
In the past, degrees and formal experience were the centerpiece of requirements. Now, it’s not so simple. Employers are realizing that in order to benefit from the best employees, they need to know they have the right skills…and those don’t always correlate with degrees. In 2023, skill-based hiring is taking center stage. Employers are shifting their attention to candidates who possess the right skills and competencies, rather than solely relying on formal education or experience. Skills such as critical thinking, problem-solving, adaptability, and emotional intelligence are becoming increasingly important in the hiring process. This is especially critical in tech-related jobs.
Focus on Human Connection and Belonging
Employers are realizing that people want to be part of a culture that values them and others equally. Diversity and inclusion have become significant considerations for companies in recent years, and this trend continues to gain momentum in 2023. This emphasis on diversity and inclusion not only promotes social equity but also enhances creativity, innovation, and productivity within organizations. Good employers also recognize that their company culture should reflect the values of their teams. They’re looking for companies that will provide trust, care, and opportunities for advancement. It’s not just about a paycheck – employees are looking for a company they can be proud to be a part of.
Consideration of Health in Leadership
Gone are the days when management is expected to function until they burn out. Now, hiring trends reflect the desire of employees for their leadership to be healthy and functioning well. Unhappiness among management is a growing trend, with some estimates saying 43% of management say their satisfaction with life is compromised by their work. Hiring trends reflect the desire to support management and provide leadership that’s in a psychologically fit place to lead their teams.
Automation and AI in Recruitment
Advancements in automation and artificial intelligence (AI) are transforming the recruitment process. In 2023, companies are increasingly leveraging AI-powered tools for tasks like resume screening, candidate sourcing, and interview scheduling. These technologies help streamline and optimize the hiring process, saving time and resources while ensuring objective evaluations. This can be a big benefit when you’re looking to save man hours in the hiring process.
We’re Here for You
If you’re feeling overwhelmed by the process of growing your team or diversifying your talent pool, you don’t have to do this alone. The Intention Collective comes alongside leaders to help you gain the resources, tools, and guidance you need to lead well and from a place of health and strength. Reach out to see how we can partner with you.