On the same day last week, I saw two article headlines declaring:

“Turnover in the US is at an all-time high.”

“Joblessness rates in the US remain near an all-time low.”

In what universe can both of those things be true? Enter: The 2023 Job Market. In response, we’ve compiled this list of trends we’re seeing to help you keep up with the world of talent retention and acquisition today.

1. Increased focus on diversity, equity, and inclusion (DEI) initiatives: Companies are becoming more aware of the importance of having a diverse workforce and are taking steps to ensure that their hiring practices are inclusive and equitable.

2. Greater emphasis on candidate experience: With job seekers having more options than ever before, companies are recognizing the importance of providing a positive candidate experience. This includes streamlining the application process, providing clear and timely communication, and offering feedback to unsuccessful candidates.

3. Growing use of technology: The use of artificial intelligence (AI) and automation in recruiting is likely to continue to grow. This includes using AI to screen resumes, chatbots to answer candidate questions, and video interviewing software.

4. Rise of the gig economy: More people are choosing to work as freelancers or contractors, rather than traditional full-time employees. Companies may need to adjust their recruiting strategies to attract and retain these types of workers.

5. Continued focus on upskilling and reskilling: As technology continues to disrupt many industries, companies are recognizing the need to invest in upskilling and reskilling their existing workforce. This could involve offering training programs and development opportunities to employees, as well as looking for candidates with transferable skills.

Chat with us to learn more about how we’re helping organizations navigate this roller coaster job market. hello@deependstrategies.com