At the end of 2022, economic inflation resulted in employees being laid off from companies of all sizes; many by the hundreds, if not thousands. This impacted many factors both at an organizational level, as well as individual. Product sales declined, morale met an all-time low, budgets were cut and the healthcare industry saw an influx in businesses and individuals seeking assistance for mental health and wellbeing options. Today, many organizations are hoping to bounce back by expanding and evolving. And job seekers are taking notice. It’s all part of 2023 hiring trends.
Despite the uncertainty of the strength of today’s economy and increased competition in the job market, there are ways job seekers can stand out in a job search. Employment opportunities are on the rise and as such, it’s important to know how to make yourself stand out as an applicant. It is equally important as a business leader or human resources (HR) director to know what makes you stand out as an employer and to have a solid understanding of the expectations of those looking for work, as well as 2023 hiring trends. The future of the economy may be unpredictable, but there’s no reason organizations and job seekers alike can’t shine brightly in uncertain times.
Seeking a New Job? Check Out These 3 Tips to Gain Employment
1. Let Your Resume Speak for Itself
What’s the first thing every recruiter and manager sees when applying for a job? Your resume. And while it may be cliche, first impressions are lasting ones. Build your resume so that it says everything you want an employer to know about you (before they even meet you). Who are you? What is your skillset? What can you do for the company? What makes you stand out from the thousands of other applicants applying for the same role?
When submitting your resume, make sure it includes the following:
- Header with your name and contact information
- Professional summary (three to four sentences) positioned under your header
- Chronologically ordered work experience
- Education; include graduation year and major
- Key skills that are relevant to the desired job description
- Certificates you currently hold
- Correct grammar and punctuation (Never submit a resume without first checking for spelling or grammatical errors)
Best practice: Incorporate keywords from the job description. Editing and tailoring your resume to the individual job you’re applying for will help you stand out. There is no such thing as having too many versions of the same resume.
2. Use Social Media to Your Advantage
How’s that saying go? Something about technology being the future of business? The internet is a powerful tool; use it. Market yourself to companies you’re passionate about. Connect with people who work at the company and request an informational meeting. Ask if they’re available for a brief phone conversation to learn more about the company or, if you’re local, ask to meet over coffee. Come prepared with a pitch about your work experience, why you’re interested in the company and any questions about working at the organization.
Best practice: Creating accounts with professional networks like LinkedIn provides a great opportunity to network with other professionals, showcase your resume and form purpose-driven connections with recruiters and fellow job seekers.
3. Be Open to Hybrid or Remote Roles
The days of spending five days a week in the office are long gone. Hybrid and remote work isn’t going away; if anything, it’s becoming increasingly popular. Open yourself up to these types of opportunities in your job search. In 2022, there was a lot of controversy on whether in-office work was more productive, but on average, remote work productivity was higher for employees who work from home (WFH).
Best practice: Look for workplace flexibility and don’t limit yourself to only applying for local positions. Many companies across the United States are looking for applicants willing to work remotely. You no longer have to seek jobs in your own backyard. And who knows, if you’re hired and you like to travel, you may be setting yourself up for an opportunity to attend corporate-sponsored events at the company’s expense.
Want to Keep the Competitive Edge? Check Out These 2023 Hiring Trends
As a possible recession looms and inflation rises, employers can expect economic uncertainties to impact their ability to find quality hires in the new year. Many industries are experiencing budget cuts amidst slowed economic growth and inflated pricing. Teams in all departments, especially HR, had to rethink their approaches for the start of the new year. So what does this mean? Is corporate restructure needed to keep up with changes in the economy? Let’s look at 2023 hiring trends to learn more.
Top 5 Hiring Trends to Watch in 2023
1.More Competitive Compensation
With the rising cost of inflation, job seekers are expecting to see a rise in compensation. Salaries are expected to match current economical rates and become more competitive on an industry-to-industry basis. Recruiters should expect to negotiate with more than one offer on the table and provide salaries that reflect the level of experience, education and mindset of applicants.
2. More People-Driven HCM Solutions
According to Forbes, Gen Z will make up 27 percent of the global workforce by 2025. This new wave of employees will come with a different set of workplace expectations and priorities than the generations before. The evolution of digital transformation is changing the way organizations run their business. People-driven HCM solutions are instrumental toward improving hiring and retention rates in today’s workforce. As human capital management (HCM) technology advances, so will the need for a newer, fresher outlook and limitless possibilities for growth.
3. More Soft Skills
Soft skills are quickly rising in importance to companies across the globe. The pandemic brought about a skills deficit and decreased the amount of business done in person. While this may not have hindered their ability to learn hard skills, applicants proficient in soft skills are becoming more scarce.
The top soft skills to look for in the foreseeable future are:
4. More Rehiring
Boomerang employees do exist. They are the unicorns of the workplace. Throughout the “Great Resignation,” studies have shown that one in four employees regretted their decision to quit during the pandemic. Job seekers are no longer hesitant to submit an application to a previous employer. Businesses are making it a top priority to reach out to former employees when filling pre-existing or new roles.
5. More Diversity and Inclusion in the Hiring Process
Candidates want to apply to companies with clear values that will make them feel safe to be themselves. After all, you can only do your best work if you come as you are. Hiring teams will have to be more purposeful in their acquisition of hiring automation tools and take care to be respectful of a more diverse pool of applicants during interviewing and more inclusive of these candidates once hired.
Your One-stop Shop for All Things HR
At Quanta, we make it our mission to help you form the best hiring practices to ensure you keep the “keepers.” The driving force behind all HR trends is recognizing that people are an organization’s most valuable asset. We help you manage the employee lifecycle from pre-hire to retire with our all-in-one solution; an HCM suite separated into human resources, time and attendance and payroll modules. Contact us today to start using our hiring automation tools to make onboarding and streamlining day-to-day operations easier.