The technology sector is rapidly changing and evolving. Unsurprisingly, talent acquisition in this field is shifting too. The COVID-19 pandemic and the subsequent rise in remote working is causing dramatic shifts in employers approach the hiring process. For recruiters, these changes will change how you look for new tech talent in 2023.
In this article, we explore the top tech recruitment trends and predictions for 2023 as well as what this could mean for those seeking a career in the technology field.
2023 Tech Recruitment Trend #1: Remote Interviewing and Hiring
Remote hiring and interviewing are on the top of our list of tech recruitment trends this year and for good reason.
Prior to the COVID-19 pandemic, remote interviews and hiring was traditionally reserved mainly for Silicon Valley start-ups who prided themselves on flexible and innovate working environments. In just two years, the mainstream corporate landscape has caught on.
Now, we’re seeing a major shift in the way companies recruit and hire employees with remote hiring and interviewing leading the charge. Researchers found that there are three times more remote jobs in the United States compared to 2020.
This trend is expected to accelerate in 2023, as employers are increasingly relying on virtual interviews to evaluate potential new hires.
New technology platforms are making remote recruiting easier than ever before for tech firms of all sizes. For instance, software solutions such as video interviews or online assessments allow employers to quickly assess a candidate’s qualifications from anywhere in the world – streamlining the recruitment process significantly.
Additionally, these platforms enable recruiters and hiring managers to connect with potential candidates more efficiently and increase their access to global talent pools.
2023 Tech Recruitment Trend #2: Tech Labor Shortage Causes War for Talent
Although the tech labor shortage isn’t new, governments and organizations are bracing themselves for another year muddled by a highly competitive recruitment environment.
The impact of the tech crunch is expected to worsen. Shocking figures from Korn Ferry’s “Future of Work Series” describes a looming and unexpected tech talent shortage across industries and continents. There will be a global human talent shortage of more than 85 million people by 2030 and could result in $8.5 trillion in unrealized annual revenues.
Companies and government agencies are already struggling to find enough qualified employees and they are now competing with each other for limited resources. This competition will drive up wages and create more attractive benefits packages that could outpace those offered by non-tech employers.
The report also notes the global war for tech talent could force organizations to train in-house talent themselves and increase hiring of people straight out of school.
2023 Tech Recruitment Trend #3: More Job Openings in AI-Driven Industries
A growing number of industries are expected become more reliant on automation and Artificial Intelligence (AI) for improved performance and operations. AI-driven industries like IT, FinTech, telecommunications, healthcare, automobile, and ecommerce will have more job openings this year.
Many companies are seeking out professionals with experience in technologies such as machine learning and natural language processing. For recruiters, there’s no better time than now to take advantage of these opportunities as they can offer higher commissions compared to other areas of tech recruitment.
2023 Tech Recruitment Trend #4: Title Inflation
As companies adjust to a new normal and shift their recruiting efforts, one trend has emerged as particularly strong: title inflation.
Title inflation refers to when job titles are made grander than they would normally be in order to attract the best applicants. For example, a receptionist job title is inflated to “Director of First Impressions.”
With the growing competition for talented tech professionals, employers are increasingly using flashy titles as a way to stand out from other job postings. These titles often reflect an increased level of responsibility or task complexity that goes beyond what may actually be expected from a particular role.
While this might help bring in people who have more experience or knowledge than initially sought for, it can also lead to misunderstandings about roles and expectations down the line. It also may put off certain groups, particularly women and those from underrepresented communities from applying.
Title inflation may help employers and recruiters find talent in a competitive job market, but it can end up hurting your business in the long run.
2023 Tech Recruitment Trend #5: Diversity, Equity, and Inclusion (DEI)
Much has been written and said about the tech industry’s lack of diversity in recent years. Even in 2023, women and people of color remain underrepresent in tech and those in the industry are paid less than Caucasian male employees.
As daunting as it may seem, the tech industry is realizing that tackling diversity, equity, and inclusion (DEI) is no longer an option— not if the industry wants to grow and solve the looming tech talent shortage.
Organizations are getting serious about ensuring their hiring practices are fair and equitable for all potential employees. This trend reflects not just the changing landscape of the workplace but also a shift in public opinion that demands more accountability from employers.
Companies realize that creating a diverse workforce is beneficial for both them and their staff in terms of creativity, problem-solving skills, and overall job satisfaction.
The talent shortage is also forcing employers to reconsider the value of “non-traditional candidates” or what nonprofit Opportunity@Work refer to as “STARs” or Skilled Through Alternative Routes.
To this end, many companies are committing to DEI initiatives and evidence from Built In suggests that they will significantly increase their investment in areas such as intentionally sourcing diverse talent, implementing inclusion strategies, and implementing robust DEI training programs.
Final Thoughts
Tech recruitment trends in 2023 are likely to continue to evolve as technology advances and organizations focus on the future of their workforce. The demand for highly skilled tech professionals continues to grow, and it is important that recruiters and employers keep up with the latest trends in order to attract top talent.
By partnering with Jarvis, you won’t risk falling behind in the global competition for tech talent.
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