The last couple of years has turned many industries inside out, forcing them to adapt and change at a speed we have not seen before in this generation. With even bigger changes looming in 2023 in regard to the economy and the future of work, how do HR leaders and businesses manage one of their most valuable assets - people?
Here are the top 4 factors that will make or break your talent acquisition strategy:
1. How to lead and maintain hybrid teams
It has been proven that workers can remain productive while working remotely, but how can you go beyond the basics to build higher value in your workforce? It is critical to create and embed a culture within a hybrid workforce, but this requires a focused effort from leadership and HR teams. Modern leaders must create a safe space and an element of trust with their team.
Get serious about keeping staff motivated by sharing wins, fostering a culture of learning and upskilling, and investing in their growth. Fulfillment is one of the key motivators for employees today, so hiring & business managers need to ensure they are catering to this.
2. Digital transformation creating new roles
After two years of accelerated digital transformations, workforces are still settling into the new way of working. To maintain this speed, many CEOs are reporting that they will be investing heavily in digital capabilities in the near future.
Following the implementation of new digital tools, care must be taken to ensure these tools are properly embedded and that teams are engaged with the developments in a meaningful way. Human resources teams will be responsible for driving change management projects, building a learning culture, and supporting employees in their learning and growth. Soft skills such as teamwork and willingness to try new things will always be imperative to cushion the coming changes.
It will also be important to manage any cultural impacts these large changes may cause, paying close attention to signs of burnout and building meaningful programs to help manage the fallout.
3. A career is not enough
Younger generations are hedging their bets - since the pandemic, most millennials, and Gen Z have some form of side hustle or another stream of income. Modern businesses need to be sensitive to this or they will lose out on extremely versatile talent with a range of skills and high motivation.
Structuring roles to cater for flexibility is the next frontier in talent acquisition and retention. This means getting clear on contract and part-time positions and fostering a culture of transparency and trust around a candidate's competing priorities.
Resourcing to match requirements is something we also support, as we act as a true business partner in order to capture the attention of this demographic.
4. Economic uncertainty leading to budgeting changes
With economic uncertainty continuing around the world and many CEOs predicting a relatively mild recession in the next six to twelve months, businesses will need to find ways to continue to grow when there is uncertainty. While employees are more focused on remuneration as a result of rising costs of living, this uncertainty could affect the labor market through hiring freezes and workforce reductions.
The continued push for a leaner budget when it comes to people acquisition, coupled with the recent rounds of layoffs, means that companies will need to get creative with how they hire.
Here at Lula Group, we offer recruitment as a service, allowing you to pivot your requirements in line with the fast-changing nature of your business. We act as a true business partner, allowing you to outsource one of the most time-consuming yet important functions, with our modern and effective recruitment methods.
We partner with your HR team and use our talent pool to grow your company at a faster rate - if this is something you need, reach out today for a call.
The future is full of opportunities, so make sure you overcome these recruiting challenges in 2023 to position yourself for success
If you’re planning to attract talent in 2023, addressing these challenges can help future-proof your hiring strategies and lead to a workforce that will support your future vision.
