In the past few years, the IT recruiting industry has undergone significant changes, particularly due to the COVID-19 outbreak. These changes include remote and hybrid work, as well as a shift towards data-centric recruiting. As a recruiter, it is essential to stay up-to-date with the latest trends and technologies to maximize recruitment efforts, whether in contract staffing or when expanding globally. To create a successful recruitment plan, it is crucial to stay current with industry trends in 2023. Let’s dive into the latest staffing industry trends and get you started!
The Era of Remote Work: Here to Stay
In the post-pandemic world, Gartner reports that 48% of employees will continue working remotely at least some of the time. Additionally, 61% of employees are willing to take a pay cut to continue working remotely. Companies also benefit from this shift as they no longer need to invest in extra office space, infrastructure, or resources, and can use EOR services to hire people from anywhere in the world. Global IT staffing companies like Taashee enable businesses to manage remote employees with 100% compliance, handling their HR and payroll needs while allowing you to manage their day-to-day operations.
Upward Trend in Contract and Freelance Work
The current job market has become increasingly uncertain, with many companies cutting back on personnel, causing employees to worry about job security. As a result, many workers are willing to take on additional work outside of their regular job to supplement their income and provide some financial stability. The gig economy model has gained popularity as it allows individuals to choose where, when, and with whom they want to work. Technology has facilitated these interactions between freelancers and businesses, making them more seamless. In addition, leveraging EOR services enables companies to hire contractual employees globally while adhering to local laws.
Technology’s Pivotal Role in Staffing
In the staffing industry, artificial intelligence, big data, and automation are crucial, enabling companies to quickly identify top talent. The use of technology will only become more important in 2023. Applicant tracking systems (ATS) can screen thousands of resumes, allowing recruiters to find the most qualified candidates. AI-powered chatbots can interact with applicants, and predictive analytics can provide recruiters with valuable insights into the best-suited candidates.
Employer Branding Takes Center Stage in Recruitment
The staffing industry is changing the way it manages the global remote workforce since 2019. The widespread use of social media has transformed how employers present themselves to potential candidates, resulting in the need for recruiters to adapt their recruitment strategies accordingly. As a result, employer branding has emerged as a critical element of the recruitment process.
Employer branding is the practice of creating a positive perception among potential employees by developing a brand identity that appeals to specific audiences such as current employees, job seekers, and recruiters. According to Gartner, 82% of candidates take employer brand and reputation into consideration before applying for a job, as they seek to work for companies that share their values and vision. Thus, it is crucial for companies to prioritize their employer branding efforts in the future.
We’re on the brink of a Global Recession
The global economy’s major downturn is significantly impacting the IT industry, which has experienced a bullish hiring race due to the pandemic’s sudden increase in demand for IT and IT-enabled services, even with outlandish pay packages. However, delays in the world economy’s opening, the Russia-Ukraine war, and resulting supply chain snags have led to a decline in goods and service demands, leading many IT businesses to struggle financially and resort to layoffs to reduce costs. In recent months, IT giants such as Google, Microsoft, Meta, Amazon, Twitter, and Salesforce have made headlines for laying off entire departments and closing offices. Smaller IT companies and start-ups that lack the resources to weather the storm are likely to face even more difficulties. Companies that have laid off teams are now under immense pressure to meet project deadlines and deliver them on time. The only way that companies can keep up with these demands without tanking, is by using contractual staffing, where you pay as you go and can scale up or down easily based on requirements.
So, for the foreseeable future, companies like Taashee that offer IT staffing services are the best option for finding and engaging with the right candidates for full-time or contractual positions, or for helping your clients hire and place remote workers under a global payroll. In fact, considering the current financial environment in the IT industry, Taashee is offering a up to 15% off on total billing for the first 3 months!