As we all know, there are few industries as fluent and fast-changing as Talent Acquisition. By talking to members at our events, discussing with our Training & Consulting team and analysing current trends, we are able to formulate an accurate idea of the main challenges facing TA professionals in 2023.
Let’s break down the main ones…
Evolving skill requirements are likely to pose challenges to in-house recruiters in 2023. We expect there to be an increasing misalignment between the skills that job seekers possess and the skills that you – as employers – require. Many factors contribute to these skills gaps; from rapid technological changes to changing business models due to inflationary pressures.
As an in-house recruiter, you may need to adapt your recruitment strategies. This could involve offering competitive compensation and benefits packages, investing in upskilling/reskilling programs, leveraging technology, accessing diverse talent pools (such as refugees, prison leavers and returners to work), reinforcing employer branding and improving the candidate experience.
Changing Expectations of Job Seekers
Candidate expectations can be difficult to measure, with it depending on factors such as industry, location, experience level, and most importantly, individual preferences. Let’s break down a few trends we have noticed…
The COVID pandemic has accelerated the adoption of flexible work arrangements leading to growing demands of greater freedom to choose how, when, and where they work. Candidates are increasingly likely to prioritise opportunities that offer a healthy work-life balance, with employers having to adjust accordingly while remaining in alignment with core business goals.
Related to this, is the hugely important rise of awareness surrounding workplace well-being and mental health. It’s becoming a well-known fact that if you invest in mental health initiatives, your employees will be more engaged, happier and loyal to you as an organisation. Communicating how your organisation is committed to well-being will be imperative in 2023 in attracting the best talent.
In addition, job seekers are increasingly looking for a role that aligns with their personal ethics and ambition to have a positive impact on wider society. This could lead to them favouring organisations with a clear purpose to drive positive change, a commitment to sustainable practices, fully inclusive workplace cultures and a prioritisation of corporate social responsibility.
AI is likely to be high on your list of self-development priorities for 2023. If it isn’t… it should be!
The rapid advancement of artificial intelligence and automation in talent acquisition is likely to continue to grow in 2023. Tools such as Chat GPT are likely to both excite and terrify recruiters in equal measure, such is the staggering capability it possesses even at this early point in its evolution.
It will be vital that Talent Acquisition teams get ahead by equipping themselves with the necessary knowledge, awareness and capability to adapt to these technological advancements and effectively leverage tools to their competitive advantage.
Need a head start? Check out this exclusive beginner’s guide to recruiting with ChatGPT in partnership with industry titan Jim Stroud.
Retention of Top Talent
Once top talent is acquired for your business, the rising costs of recruitment and increasing pressure on resource-stretched teams combined with the scarcity of appropriate talent is making retention more important than ever.
Talent Acquisition teams should work closely with other departments such as HR and management to ensure that employees are fully engaged, happy and motivated to continue their work.
From increasing transparency of communication and continuous feedback to an effectual rewards system and the implementation of working arrangements that align organisational requirements with workplace wellbeing, there is plenty you can do.
Operating in the tech space? This On-Demand Masterclass on improving retention could be of use to you.
At The Firm, our goal is to develop, connect, support and inspire our in-house talent acquisition members by providing a range of resources, events and training designed to help you navigate the challenges you face on a day-to-day basis.
Take a look at our membership and training options or get in touch to see how we can help you and your organisation.