Talent Sourcing Trends to Follow in 2023

In the last 3 years, we have seen unprecedented changes all around the globe, all thanks to Covid-19.

Similarly, recruitment and the entire talent sourcing process have shifted from offline to online mode. And there are numerous other talent sourcing trends that have been making news in 2023.

Here is a simplified and curated list of the top talent sourcing trends that will take a lead in 2023.

Talent Sourcing Trend #1 - Shifting the Focus from Work-Life Balance to Work-Life Integration

Millions of professionals have long aspired to achieve the idea of work-life balance. However, the previous few years of remote work have made it much harder to block off the daily obligations of the workplace when not working. Many workers have begun adopting a new strategy, ditching the conventional 9-to-5 timetable in favor of one that is more flexible.

More job seekers will opt for organizations in 2023 that support work-life integration, which allows employees to work when it's most convenient and take care of personal obligations as necessary (think: working a few hours in the morning, taking an afternoon break for an appointment or to pick up kids, then back to work in the evening).

As managers evaluate employee success based on their productivity rather than the length of their workday, keeping an eye on the clock will become less crucial.

Talent Sourcing Trend #2 - Adopting DEI Strategy

Talented individuals are frequently on the hunt for organizations with strong diversity, equity, and inclusion strategies. And when a business successfully employs this method, they build a varied workforce with a wide range of opinions, educational backgrounds, and ways of thinking that foster more innovation!

It's also important to keep in mind that the sourcing equation can be readily tainted by personal prejudice. Modern hiring software enables blind hiring (removing people's identifiable features like age and gender from their profiles to minimize bias) and contributes to the development of a diverse workforce.

Talent Sourcing Trend #3 - Giving Attention to Internal Mobility

Professionals are no longer thinking of career growth in traditional terms due to an unstable work environment. Instead, they are abandoning the ladder in favor of the lattice, moving into different departments within their existing company, and demonstrating the growing trend of internal mobility.

When deciding whether new positions are necessary to future-proof the company and which individuals could be a suitable fit for those roles, businesses frequently use talent analytics and workforce planning.

Employers should increase their internal talent mobility efforts in the future by concentrating more on the talent development of their current workforce and by regularly providing internal candidates with reskilling and upskilling opportunities through certification programs.

Companies will increasingly leverage artificial intelligence (AI) platforms with predictive analytics to design personalized career paths based on goals and interest areas, provide customized career development content, and shortlist promising internal candidates.

Investing in internal mobility, according to experts, can help firms not only attract top talent and build more diverse pipelines but also fill available posts and address crucial skill gaps in the midst of hiring freezes.

Talent Sourcing Trend #4 - The Rise of ‘Gig Economy’

The "gig economy" is one of the most innovative and new work economies that have emerged as a result of the worldwide pandemic. As opposed to full-time or permanent contact jobs, it mostly emphasizes freelance or part-time employment. Of course, as long as they have access to the internet, gig workers can work from anywhere in the world.

Both employers and employees have complete flexibility in the gig economy. Given the current trends in talent sourcing, many firms will undoubtedly hunt for an expert for a particular project that can be completed remotely more frequently. In 2023, this new type of economics of labor will undoubtedly become more widespread.

Talent Sourcing Trend #5 - Working towards Employer Branding

According to a recent Glassdoor survey, 92% of workers would consider switching jobs for the same pay provided the new employer had a good reputation. That tells a lot, particularly about how the workplace is evolving.

The priorities of potential applicants today are very different from those of prospects ten years ago. In order to stand out to contemporary job seekers, it is beneficial for companies to communicate more about their brand and culture in their job descriptions, such as diversity and inclusion, well-being, skill upskilling, and flexible work options.

Through social media recruiting, such as job postings from their personal or business social accounts, and proactive recruiting through websites like LinkedIn, proactive recruiters can quickly interact with this talent (a goldmine for building your talent pool). For building awareness of your company's brand, traditional recruitment channels like online job boards or career portals are crucial.

Your employer branding will inevitably portray a lively, open, and supportive workplace on review websites like Glassdoor and Indeed when HR managers assist the company in creating that environment.

Talent Sourcing Trend #6 - Using HR Automation Tools

HR automation tools are assisting in streamlining the hiring procedure and automating tedious tasks like candidate screening, shortlisting, and scheduling interviews.

Artificial intelligence(AI) is another addition by which technology is enhancing recruitment. For example, resume screening, interview scheduling, and candidate onboarding – all already make use of AI technology. And it has a lot of promise for assisting recruiters in reducing bias during the employment process.

Another excellent example of utilizing technology to update and expedite the employment process is video interviews.

While HR automation is not a completely new trend, it will continue in 2023 and leave a mark in the recruitment industry.

Talent Sourcing Trend #7 - Offering Hybrid Work model

The last three years have shown that employees can be just as productive from home, if not more so. The issue is that if everyone is still working at their kitchen tables, how can organizations retain or even enhance their culture?

By making hybrid workspaces the norm in 2023, businesses will benefit from the best of both worlds. According to experts, hybrid work models will enable workers to experience the flexibility of remote work while benefiting from being in the office.

This, of course, is not a one-size-fits-all situation; the productivity of remote work in a hybrid environment will rely on the demands, roles, and people of a company and should be informed by statistics, employee mood, and specific circumstances. Some organizations may require teams to physically gather on the same day each week, while others may simply need employees to visit the office occasionally.

However, according to talent sourcing trends, in the coming year, a lot more businesses will offer hybrid work arrangements to entice top talent, with some of them asking remote-first candidates to live within a set radius to attend the office, when necessary. Experts predict that businesses will continue to produce highly productive results even in hybrid working models.

Talent Sourcing Trend #8 - Creating an Employee-first Ecosystem

Since the epidemic, improving employee well-being and engagement has been a key component of enhanced workplace performance. Nowadays, candidates are pickier about the companies they want to work with. They even make a list of the companies they want to collaborate with.

A candidate’s basic checklist looks something like this: Do I believe in their company’s purpose? Will I work with people who inspire me? Am I going to learn something I don’t already know?

Both candidates and recruiters are utterly committed to selecting the best organizations and IT professionals. Instead of concentrating just on their paychecks, they are now seeking employment with organizations that value their emotional and mental well-being, offer opportunities for professional development, respect their after-work boundaries, and respect their right to privacy.

Final Thoughts

Now you are well-versed with the top 8 talent sourcing trends that are going to lead the recruitment market in 2023. While some of the trends may already be in practice, some are brand new and require serious analysis and effort to be implied in organizations.

At HireQuotient, we assist companies and recruiters like you to help in the talent-sourcing journey.

Book a demo with us today!