How to get more business in 2023 using recent trends in recruitment

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.

AI and machine learning automate various aspects of the recruitment process, such as resume screening and candidate matching. 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.

Many companies focus on DEI in their recruitment efforts, as they recognize the benefits of having a diverse workforce. It includes actively seeking and recruiting talent from under-represented groups and implementing policies and practices that promote inclusivity and equity within the organization.

With the widespread adoption of remote work, virtual recruiting tools, such as video conferencing and online assessment platforms, have become crucial. 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.

Many companies are moving away from requiring traditional degrees for specific roles and focusing on candidates’ skills and abilities. They are concentrating on upgrading the existing employees’ skills and knowledge.

One of the best methods to upskill your existing workforce is to utilize Mercer | Mettl’s suite of assessments for reskilling and upskilling. Our Skills Gap Analysis identifies the training requirements of your workforce. It evaluates each employee to highlight training and reskilling needs for different job roles.

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.

Companies are increasingly turning to temporary or contract staff to fill short-term or specialized roles. This can be a cost-effective solution for companies requiring specialized expertise for a crucial project.

Companies need to focus on building strong employer brands to attract top talent and stand out in a crowded job market. This can include promoting the company’s culture, values, and mission and offering potential candidates’ competitive benefits and career development opportunities.

The recession in 2023 will lead to many recruitment challenges. For instance, recruitment cost-cutting, hiring quality in place of quantity and optimizing the hiring process.

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 help fill important positions and reduce the cost of hiring.

Companies are focusing on hiring candidates with transferrable skills. These are skills like analytical reasoning, critical thinking, problem-solving, leadership qualities, etc. These skills help transfer employees from one position to another or promote an employee to a leadership role.

Therefore, hiring managers may focus more on transferrable skills along with technical fitment to hire candidates for the company’s future growth.

During a recession, recruiters may face several hiring challenges, such as:

• 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. The time and resources spent on choosing the right candidates may also become challenging with a larger pool.
• 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.

Mercer | Mettl can help overcome these challenges by making hiring more efficient. Our research-backed assessments, an efficient cloud platform, and in-depth analytics offer transformative results.

The increasing technology use and the shift to virtual and remote work influence recent trends in recruitment. Online job platforms, video conferencing, and automated resume screening have become more prevalent in the hiring process. For this reason, hiring in 2023 will focus on diversity, equity, and inclusion in recruitment, as companies seek to build more diverse and inclusive teams. Data and analytics have also become an important hiring trend, as organizations use data to make informed hiring decisions and optimize their recruitment strategies.

Mercer｜Mettl can play a vital role in helping businesses follow these recent trends in recruitment. They measure talent and help companies build strong teams.