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The Future Of Global Hiring: Top 11 Hiring Trends You Must Watch Out for in 2023 (And Beyond)

Salma Elbarmawi
Salma Elbarmawi
Apr 28, 2023 · 6 min read
The Future Of Global Hiring: Top 11 Hiring Trends You Must Watch Out for in 2023 (And Beyond)

It's crucial in today's employment market to stay abreast of the most recent developments in recruitment and hiring.

The hiring landscape is evolving rapidly as new technologies affect the job market and the way companies search and hire top talent. These emerging trends affect how businesses will find, hire, and keep the best employees throughout 2023.

If you want to get a jump on the competition, explore these top 10 hiring trends.

The 10 Hiring Trends You Need To Know About In 2023

Here are the top 10 hiring trends that will impact the way you find and hire people in 2023 and beyond:

1. Hybrid Work Flexibility Reaches The Front Lines

The hybrid work model has become popular in the knowledge-based economy in recent years. But now, this concept is also widely deployed in service industries, such as retail, hospitality, and healthcare.

Workers in previously in-person professions are likely to be offered more adaptable schedules because of the proliferation of digital tools and the ease with which they can be accessed.

Companies that embrace this strategy for their frontline employees must ensure a smooth transition and successful execution by providing the required technology, training, and support.

This leads to happier workers who are more likely to stick with the company, boosting productivity.

2. Gen Z & Their Challenges With Soft Skills

Since Generation Z joined the workforce during social isolation and virtual communication, the nature of work in the wake of a raging pandemic has dramatically impacted this group of workers. Despite their expertise in emerging technologies, they aren’t too adept at interpersonal skills like negotiating and public speaking.

Businesses must acknowledge the possibility of a skills gap within their workforce as they move toward hybrid work arrangements. This makes it more critical than ever for them to offer ample opportunities to acquire and hone the soft skills their staff members need to succeed.

This includes:

  • In-person training
  • Team-building exercises
  • Mentorship programs

When businesses put effort into helping their workers improve, they increase the likelihood that those workers will succeed professionally and positively contribute to the company's growth and success.

3. AI and HR Automation: Recruiting Bias Mitigation

AI, machine learning, and other HR automation software are increasingly used to select new employees. However, integrating such technology necessitates the development of strategies for mitigating the biases that can arise from recruiting algorithms and lead to prejudice against women and people of color.

Businesses that want to combat this bias must implement systems for regularly monitoring and correcting algorithmic bias during the hiring process. For this, it’s essential to:

  • Check algorithms regularly to make sure they're objective
  • Instruct recruiters in the use of hr automation and artificial intelligence
  • Implement diversity and inclusion programs company-wide

Businesses can improve commercial outcomes and social justice by eliminating algorithmic bias in the hiring process. After all, a more diverse and inclusive workforce produces better results for businesses.

4. Quiet Hiring To Cover Talent Gaps

It isn’t easy for organizations to attract and retain the best employees.

"Quiet hiring" is a viable countermeasure against "quiet quitting." Instead of looking for new staff from the outside, a company can practice "quiet hiring" by promoting from the inside and taking advantage of new skills and competencies from people they can trust. Double down on employee upskilling and internal mobility by:

  • Investing in training and development programs
  • Creating career paths and succession plans
  • Offering opportunities for lateral movement within the organization

This helps businesses keep their best employees, increase morale, and adapt to the ever-changing demands of the labor market. In addition to these benefits, quiet hiring can decrease the likelihood of making hiring mistakes, save time and money, and increase overall organizational agility.

5. International Hiring in the Era of Remote Work

The COVID-19 pandemic hastened the trend toward remote labor, allowing businesses to increase their pool of qualified applicants by actively seeking candidates in other countries—the demand for specialized talents in some areas and the pursuit of more diversity fuel this movement.

McKinsey & Company's research found that businesses with more racially and ethnically diverse staff outperformed their competitors financially. According to a Gartner survey, 48% of HR managers have considered expanding their remote teams after the pandemic.

By opening their doors to candidates from other countries, businesses can tap into a larger and more diversified talent pool, giving them an edge in the global economy. However, there are challenges, such as compliance with laws and regulations, language barriers, and cultural differences.

However, if done correctly, foreign hiring can be an effective strategy for companies seeking to increase the diversity and expertise of their team. Explore Localized for The Latest Hiring Trends and Insights Explore our blogs for comprehensive insights into the latest global hiring trends and discover how your organization can stay ahead in the competitive workforce market.

Gain valuable knowledge on adapting to new talent acquisition strategies, leveraging emerging technologies, and developing a dynamic employer brand to attract top talent.

6. Addressing Employee Mental Health for Performance

Hiring and managing employees with the employee's mental health in mind has been a growing trend.

The World Health Organization conducted research showing that the world economy loses $1 trillion annually due to depression and anxiety disorders. Employees today demand to be treated as individuals rather than just another member of the labor.

Businesses that want to keep their employees happy and productive must invest in their mental health and wellness, such as:

  • Counseling services
  • Mental health workshops
  • Stress management programs

By doing so, businesses can boost employee morale, increase output, and cut expenses related to time workers miss due to mental health problems.

7. Privacy Risks in Personalized Employee Support

Companies that want to recruit and retain top personnel increasingly provide services tailored to each employee, such as health and wellness programs and insurance coverage. However, there is rising concern over the privacy issues that come with using these kinds of technologies.

Deloitte found that 72% of workers worry about their privacy while using digital health technologies provided by their employers.

Businesses must make data privacy a top priority and take cybersecurity precautions to protect employee data, such as:

  • Encrypting data
  • Limiting access to sensitive information

This way, businesses can protect their employees' personal information without sacrificing the individualized care they deliver.

8. Transforming Recruiters into Business Leaders

Recruiters who actively participate in workforce planning and strategy will be better positioned to succeed in today's tight labor market. This requires focusing on talent pipeline development, which involves predicting future skill needs and locating and filling talent gaps.

Strategies that go beyond the typical recruitment process are one example of forward-thinking workforce planning. Recruiters can prepare a talent pipeline for managers' needs by establishing connections with possible candidates through pre-application channels such as social media and networking events.

This strategy allows businesses to compete more effectively and attract the best employees.

9. Expanding Talent Pipeline with Nontraditional Candidates

Nowadays, employees are looking for more possibilities and experiences outside the typical, linear professional path.

As a result, businesses have had to become more adaptable, evaluating candidates in terms of their education, technical expertise, and work history, as well as their potential to succeed in the position.

This is important because as the gig economy expands, businesses will have access to a broader range of candidates for temporary positions who can bring new ideas and expertise to the table. Therefore, they must make every effort possible to compete for and keep the best workers in today's tight labor market and adopt a more fluid approach to hiring and promotion.

10. Boomerang Employees for Talent Gap Coverage

Employees are resigning at unprecedented rates after the COVID-19 outbreak as they look for better opportunities to deal with economic uncertainties. Due to this trend, many retired workers are now considering returning to the workforce or their previous positions.

Companies might benefit from this trend by rehiring former workers to fill vacant positions. According to research, rehiring former workers can result in several advantages, such as a reduction in the time needed for onboarding and an increase in retention rates. For this to work, businesses need to keep the lines of communication open with departing workers and improve their offboarding procedures to make departing workers feel appreciated.

Organizations can gain access to a pool of experienced personnel and see retention rates rise due to regular communication with former employees and a willingness to accept their return.

11. Organizations must move DEI efforts forward despite resistance

The concepts of DEI (diversity, equity, and inclusion) have recently gained prominence in the business world. McKinsey & Company's study concluded that businesses with the highest levels of racial and ethnic diversity had a 36% higher chance of outperforming their industry when it comes to financial performance.

However, HR departments can face resistance to these efforts from employees or management. The same study found that progress toward racial and ethnic diversity in the workplace has been slow, with only a 2% increase in representation over the past five years.

Despite this pushback, businesses need to advance DEI initiatives. This involves:

  • Implementing policies and programs that promote diversity and inclusion
  • Providing training and education to employees
  • Creating a culture that values and respects differences

Organizations that put a premium on DEI see a rise in employee happiness, an increase in the pool of qualified applicants, and more favorable financial results.

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