The staffing agency trends have experienced a seesaw imaging in the business graph post-pandemic. The staffing revenue generated was more than 14%, reaching a record of around $212.8 billion in the last year. According to the reports of SIA, i.e., Staffing Industry Analysts, the USA has a consistent number one position in the staffing industry. Millions of job openings are waiting to be filled and millions of job seekers are present to take up those opportunities.
Before moving forward to 2023, let us go through the staffing industry trends of the last year, i.e., 2022. A lot was old, and a lot of new trends emerged in the recruitment industry in the past year. Work flexibility, new immigrants & international hires, employer branding, work mobility, DE&I technique, etc., became the focus of the corporate world. The trend of ‘The Great Resignation’ was the most unforgettable in the staffing industry in 2022. Finally, we stepped into the new year of 2023, where staffing industry trends are again forecasted by expert leaders. The latest face of the staffing industry with the tradition of something old and something new will emerge through it. A plethora of assumptions is floating around in the great minds of corporate icons of the recruitment industry.
Reflecting upon the conjecture staffing agency trends in 2023, a few are discussed below.
- Improved Version of Recruitment Process
Placement Agencies are looking into including a more strategic and digitized form of tracking the applicant data through automation. In times of immediate vacant positions, it is essential to use the digital world of job posting sites and Applicant Tracking Systems (ATS). Presenting the company’s niche and the USP is always a must when posting a prospective job. A well-managed recruitment process can become the key to the easy hire of potential candidates.
This staffing industry trend also includes the virtual recruitment process involving virtual assessments through job posting sites, on-call & video interviews, work-from-home, or hybrid work flexibility. It is time-saving. It also brings in a better, fast, and more productive response from viable contenders.
- Hybrid Work System
COVID-19 brought the term ‘work from home’ into a new light, and it is here to stay, becoming a permanent fixture as one of the staffing agency trends. The companies following this new norm of the corporate world are leading the staffing industry. Research has shown that Hybrid work reduces work stress. It also increases the work efficiency of the employees. The workers who adopted ‘The Great Resignation’ are attracted to the companies that follow this holistic workstyle.
- Increase in Immigrant Hires
The pandemic has certainly declined the number of immigrants traveling to the US which has a significant impact on the economy and an obvious effect on the recruitment industry too. The international job aspirants looking to relocate and work in the US have great news of the increasing scope of new hires. This step is also the outcome of a talent shortage. It is definitely a good time to connect with the US staffing industry.
- Social Media Indulgence
No generation is unaware or shelved out by social media. Today, from teenagers to oldies, all have easy access and necessary knowledge of digital networking. Sometimes, a person is not even looking out for a job but coming across it on social media sites can make them think about it. One of the prevalent staffing agency trends is the use of social media sites like Twitter, Instagram, and Facebook to scope out good job vacancies. The recruitment industry is always on the lookout for new job prospects on these websites. Suffice to say that it has become the most common staffing industry trend nowadays.
- High demand for Freelancers
Contractual work and freelancing have always been an integral part of the corporate world. It is one of the never-ending staffing agency trends that has only increased post-pandemic. The staffing industry connects companies to fitting freelancers. Hiring on a contractual basis is a healthy technique that should be followed by every business to maintain the growth of their ROI and also favorable for reputation in the corporate world.
- Magnifying focus on Diversity, Equity & Inclusion
DEI has been a regular topic of conflict-driven discussion which despite being highlighted is yet to be implemented in my businesses. Every year, especially since COVID-19, it is undoubtedly the most talked about staffing industry trends. Biased appointments, work patterns, and remuneration are changing and the staffing industry focuses on scoping out potential candidates from diverse regions and giving a chance to job seekers based on their skills and experience. Equal opportunities with the indulgence of all workers of a company is a significant flowing factor in the business world.
- Continuous organization of Webinars
Online webinars are the easiest way to reach people and make connections through digital media. Whether it is the placement agencies or the job aspirants, both benefit from these webinars. Not only do the employers and prospective employees connect through it but it is also a cost-effective and certain way to reach out to the potential customers.
Every second new staffing industry trends emerge in the corporate world. It may be out of necessity or to boost the growth of the business world. No region is left untouched by the ever-changing ways of the recruitment industry. Will their assumptions and forecasting turn out to be true? It will be interesting to see what impact the above trends will have on the corporate sector and the world economy.