Five Talent Acquisition Trends That Will Define 2023

Five Talent Acquisition Trends That Will Define 2023?

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As we look at the year ahead, Scalexperts share five of the most important trends shaping the talent acquisition and HR landscape in 2023.?

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1. The return of the Boomerang Employee (Past employee)?

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James H-Reed, Director of Scalexperts , comments, “As Europe broke free from the pandemic, we first started advising businesses to look at past employees as a way of growth, cost saving and reducing time to hire. Now more so than ever, to ensure you hire, retain and engage with the right talent, HR and TA teams should re-engage with past employees! One must remember that as your organisation has changed, so has the Talent who left; they may have learnt the skills you now require.”?

Hiring Managers should remember that those who left will often take less time to onboard, require minimal training and know what to expect from the culture.??

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2. Workforce Planning?

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It's been widely publicised that 2023 will see Europe plunge into an economic downturn. Many companies have quickly responded to these conditions by freezing hiring, cutting costs, and even making layoffs. However, studies of past economic downturns have proven that companies who take this approach will have far less opportunity to recover fully. ?

Critical to any business is the ability of HR and Talent teams to develop plans for the best, average, and worst-case scenarios — and then track market conditions. However, It’s also important to remember that whatever economic storm is headed our way will eventually pass, and those who have planned will be the first to bounce back.?

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3. Enhanced Automation?

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At the top of my list for the last three years, and It's back again! With one caveat, in times of economic uncertainty, you must, more than ever, ensure that the tools invested in will genuinely save them money in the long run. Be wise; spend time calculating the ROI that each tool or software solution can give you before investing.?

As I was in 2022 for different reasons, I'm convinced that more companies will look to cut costs and boost efficiency this year in the face of a looming recession.??

You can turn to many reports; however, according to an SHRM report, only one in four companies use Automation and AI to support their hiring and Hr practices. So lots of work to do.?

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4. The "Great Return To The Office."?

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We’ve had the great resignation; now step forward the Great return to the office. If remote work shaped 2020–22, the return to the office will likely shape 2023. We’ve already seen the likes of Tesla, Google, Apple, and several major banks announce their plans for getting staff at least partially back onsite. Furthermore, our research shows that 48% of smaller startups are now considering a full-time return to the office.?

According to a recent survey , 57% anticipate a shift in working patterns requiring employees to work from the office more often. But at the same time, 61% believe a full return to the office would hurt their ability to attract top talent.??

Companies that choose to mandate a full RTO will likely face retention issues in 2023. On the flip side, those recruiting for hybrid or remote roles will be at an advantage when it comes to talent attraction.?

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5. Greater Focus on Employee Well-being?

Employee well-being has been a major concern for companies over the last three years. Business leaders from talent and HR departments had to do their best to meet lofty business objectives while shifting towards a remote work environment and ensuring employee wellness.?

The focus will continue to rise in 2023 as employers encourage work-life integration so employees can work during flexible hours without hampering their responsibilities. This will boost employee productivity and job satisfaction without impacting employees’ mental health?

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The Final Word?

2023 may face a substantial economic downturn and inflation, so companies should prepare themselves for even the worst scenario. Ensure that you have the right recruitment partner and recruitment tech in place. Encourage employee personal development, boost cross-functional collaboration, improve employee experience and wellbeing, and ultimately attain success.?