To deal with today’s talent crisis, we need new tools to identify future-ready talent. Step number one? Finding the right talent.
In order to navigate this current talent crisis, we need to understand why it’s happening in the first place. Here are some things every organization should put front-of-mind as of 2023.
Speed > Extensive Searching
The biggest hiring trend for 2023 can be summed up with one word: speed.
The threat of a recession, talent shortages, and looming geopolitical tension is… stressful. We feel bogged down and the hiring process is a glacier of its own. The last thing candidates want is a process that takes four months.
With the talent shortage expected to persist into this next year, candidates will have no qualms about ghosting hiring managers if they are not QUICKLY hired. (We can help with that.)
Well Rounded Benefits > Salary
Work is not the center of everyone’s world. Every talented individual has concerns and interests outside of their jobs. Work can help them empower the other half of their lives.
A big mistake hiring managers make is putting value solely on the salary. Compensation level is certainly a huge factor that has contributed to many jobs staying unfilled. Beyond facing the repercussions of economic inflation, workers are unsatisfied with the actual growth trajectory of their roles. With many businesses still picking up the pieces from the past two years with many companies are still in “repair mode”. This doesn’t leave a whole lot of growth for the organization and in turn, doesn’t leave a lot of growth for the employees.
Meeting Expectations > Overemphasized Job Descriptions
Workers want better working conditions. Just as importantly, they don’t want to be mislead before being onboarded. This is a large reason for the talent crisis.
Back in 2020, the virus opened the door for many companies to lower working conditions while trying to maintain standard protocol. Tough and difficult choices were made, and as a result, many employees came out of the pandemic feeling used. The peak of the virus has ended, so if the status quo didn’t evolve in the past year, it’s practically guaranteed that people will leave. It’s no surprise that companies that cut down salaries are struggling to bring in additional talent.
Flexible roles > Rigid roles
Flexibility is, once again, a theme of this year. A large percentage of company leaders realized that they didn’t need to be confined to an office to complete their job. With a new wave of remote work, companies that are unable to keep up the pace, are also not going to be able to keep up hiring-wise. It’s much harder for employers to justify an office presence when employees are able to work remotely.
Companies can’t go back to the old ways of doing business. In order to keep up with today’s market, employers will have to adapt to a new world of work.