2023 Talent Trends
- January 10, 2023
In 2023, the Great Resignation persists, with 44% of workers looking for a new job. As such, from a business and staffing perspective, it is important to understand what exactly candidates are looking for in a new role, whether that be remote work or better benefits, in order to both attract and retain top tech talent. Additionally, from a candidate perspective, it is essential that companies make it clear as to what exactly they are looking for in today’s market – it is not only about a candidate’s technical skills, but soft skills as well.
Below, we outline the top four trends facing the talent community in 2023 for both employers and prospective candidates.
2023 Talent Trends
Job market conditions are favorable
The labor shortage coupled with increasing demand to meet technical goals has created a favorable job market for candidates. The labor shortage has led to an influx of open positions, and as a result, there are more unfulfilled jobs than there are qualified workers to fill them. After all, there are nearly two job openings for every unemployed person. As such, organizations are now much more willing to invest in training and development programs to help upskill and reskill their current employees. The focus is slowly shifting from recruiting to retention and internal mobility. Finally, these conditions have given candidates the opportunity to negotiate higher salaries and better benefits.
Use economic uncertainty to your advantage
With the current economic uncertainty, bonuses and alternative perks will increase in popularity to draw in talent. Several companies cannot keep up with inflation, so flexibility in work opportunities will not only attract but also retain candidates. Consider what candidates are looking for in a job and organization, and cater your benefits to these desires. For example, more and more candidates are rejecting the hybrid work environment and instead searching for fully remote roles or even those with a four-day workweek. Candidates are not afraid to prioritize their needs, and providing your employees with the right benefits during these uncertain times will improve your organization’s retention rates immensely.