Tips for Recruiting in a Recession

The latter half of 2022 has been marked by rates of high inflation and continued market stagnation. As we enter 2023, economic uncertainty continues to loom. Although job numbers have remained relatively strong, there are signs that a weaker economic environment is on the horizon. While organizations of all types are exposed to this type of market volatility, recruitment firms and talent professionals can find it especially difficult to effectively achieve an optimized workforce during a recession.

Regardless of what actually lies ahead, it’s always good to be prepared for uncertainty. Here are the best practices for staying on top of your hiring game in an economic downturn:

Tips for recruiting in a recession

Assess Your Hiring Needs

As a talent professional, you should be continually assessing your company’s hiring needs regardless of the economic environment. It’s always a good idea to evaluate your long-term goals and what skills and talent your organization needs to attain them. During market downturns, most organizations shift into survival mode and begin focusing more on immediate needs. Are there open roles that are necessary to fill now? If so, it might be worth considering a freelancer or contractor for short-term project work.

When the market is volatile, it’s important to be quick with hiring decisions. As conditions change, funding for additional roles may be pulled, leaving open roles unfilled until things improve. Additionally, when making an assessment of your company’s hiring needs, be sure examine your overall hiring process as well. Are there areas you can tighten up, or do you need to change your strategy entirely to attract better candidates?

Hiring strategies in 2023

Create a Plan

Staying proactive is crucial in times of economic uncertainty. After assessing your needs, outline a plan of how you’ll accomplish your hiring goals in 2023. It may be helpful to create both a best-case and worst-case scenario. If a recession hits and continues to worsen, how will your talent needs change? Will there be hiring freezes? If the market pick up again, what additional roles will you open up?

Having a plan of attack will allow you to set appropriate expectations with hiring managers regardless of the hiring environment. Things can also change drastically over the course of the year, so it’s also important to remain flexible and pivot quickly. This will keep you ahead of the game and ensure your organization continues to succeed to the best of its ability.

Tips in accomplishing hiring goals

Utilize Hiring Software

One of the most drastic changes the pandemic has left us with is the increasing use of automation or AI, especially in the hiring process. If your company has yet to adapt to this change, it may be worth investigating whether adopting a hiring software is right for you. There are a number of valuable solutions  on the market today that can assist your hiring needs, including applicant tracking systems, candidate databases (or CRMs), and even onboarding software after you have acquired talent.

Each hiring software has different pricing models depending on the size of your company. When times are tougher, you may only be able to allocate funds for a few key platforms. When conducting your needs assessment, examine the current (if any) software you are using and what efficiencies could be gained by making strategic investments in new tools.

Recommended hiring software in 2023

Enlist Professionals

When recessions hit, organizations tend to become more resourceful enterprises operating at full capacity with as few resources as possible. This can lead to teams being spread thin as they take on more projects and responsibilities outside their normal scope of work. When this occurs, getting support from a professional recruiter or recruitment team can be one of your safest bets.

Outsourcing to a recruitment team will ensure an optimized hiring process in line with a set budget while also enjoying expert guidance in the current market environment. Giving a third party more responsibility and hiring tasks to control can also free up your business to focus on long-term strategy and growth, which is crucial during uncertain times.

Benefits of outsourcing recruitment team

Conclusion

The best thing you can do when facing a potential recession is to assess and develop a plan. Being proactive about hiring and knowing your next move are important to ensure your organization is able to attract and retain key talent to keep systems running and generate maximum revenue.

If your organization’s recession plan includes optimized hiring practices using software or professional support, reasonably priced solutions are available. One option is ScaleFront, an open recruiting platform that connects talent seekers with remote applicants around the globe. The solution also offers recruiting consultants who can help assess your needs and ensure your organization finds the right people to keep your business running.

ScaleFront, the best recruitment software.

Finding the right tools can make all the difference when times are tough. Make ScaleFront a part of your 2023 plan today.

Recruiting in 2023: What to Expect in the New Year

Recruiting trends in 2023

Recruiters and talent managers are among the most nimble workgroups in an organization. The hiring market is constantly shifting, and they know that they must continually adjust and adapt to keep up. The current environment is no different. New strategies are going to be required in order to find the best possible talent for hiring managers. From automating your systems to focusing on your brand and talent pipeline, now’s the time to start evaluating your current practices and what you can (and should) be doing better.

As we enter the new year, it’s time to set your recruitment resolutions. Here are some top recruiting trends to consider in 2023.

Talent acquisition and recruitment trends in 2023

Invest in Recruiting Automation

The internet age radically changed how candidates find and apply for jobs. Newspaper advertisements, job hotlines, and referral networks have been replaced by job portals, search engines, and web forums. If you haven’t upgraded your recruiting strategy to meet the moment, now’s the time. 

Software is available for talent teams that automates the entire recruiting and onboarding process. It can help you easily scan resumes, manage your candidate pipeline, nurture prospects, and increase performance with online recruiting systems. This is an essential tool in your HR toolkit. Don’t enter 2023 without it.

Invest in recruiting tools

Focus on the Data

As the rise of recruiting automation software has taken hold, recruiters have found incredible value in data and reporting. If you’re using the right tools, you can glean unique insight into your recruiting practices to ensure that you’re finding and hiring the right candidates in the most efficient way. 

Data-driven recruiting practices include tracking pipeline growth metrics and the overall quality of the hiring process via feedback scores. This can help address pain points from an internal or candidate perspective, helping you find great talent every time. Recruiters who don’t incorporate data in their strategy in 2023 will likely have a more difficult time competing for top candidates in a crowded field.

Data-driven recruiting practices is one of the recruiting trends in 2023.

Build a Better Brand

The hiring market has shifted since the onset of the pandemic in 2020. More than ever before,  candidates are in the driver’s seat and are looking for top companies to join. Your firm’s reputation will determine how many jobseekers you attract into your pipeline. A strong brand can also reduce turnover and recruitment costs.

Most candidates passively evaluate a brand before applying to the job. Even if you don’t work for a brand that’s a household name, there’s now a plethora of job review sites that invite current employees and applicants to submit honest feedback on companies. Developing a brand that resonates with prospective candidates should be a top priority for recruiters and companies next year.

Applicants or candidates also consider a brand image and reputation, building a good brand image is important.

Rethink the Candidate Experience

How you recruit and onboard candidates makes a big difference. No one is interested in a two-month-long, strenuous hiring process. Adding more interviews than necessary or drawing things out is an easy way to turn away top talent; they’ll get scooped up by the competition while you’re still scheduling more interviews.

Consider ways to make the applicant experience easier and more appealing. That includes not only streamlined hiring but also hybrid or remote flexibility. Not only will candidates come out happier on the other end, but your talent pipeline is likely to remain fuller with higher quality resumes.

Improving candidate experience is one of the nest recruitment strategies to implement.

Make DEI a Priority

A proper diversity, equity, and inclusion (DEI) strategy is nothing new. However, if you haven’t considered just how important it is in recruiting, make it part of your top strategies to carry into 2023. We all know that more diverse firms tend to be more innovative, successful, and relevant. That starts with hiring.

Look at your talent pool today and consider how you can attract candidates from different backgrounds, viewpoints, and perspectives. Consider, for example, redesigning job posts to be more inclusive. Or, find ways to source from different pools and target diversity referrals. There are a host of diversity-focused organizations and talent networks out there that would be more than willing to partner with you in 2023.

Making diversity, equity, and inclusion a priority is an effective recruitment practice to hiring success.

Recruit Better in 2023 With ScaleFront

Ultimately, recruiting is about more than just placing people in open roles — it’s about filling your organization with the right talent to help it thrive. Every new year brings new challenges and opportunities for firms. This year, let finding top talent be less of a challenge.

ScaleFront, a top recruiting platform, offers you a way to source incredible talent for teams across your organization. You’ll gain access to our search experts who’ll work closely with you to determine your criteria. From there, we’ll filter profiles on your behalf and send you the top candidates most worthy of an interview.

Improve your recruitment process with the top recruitment plaftfom, ScaleFront.

The right tools help find the right people. Start hiring in 2023 the right way with ScaleFront.

Is Now a Good Time to Job Hunt?

As we approach the end of 2022, it’s important to examine the current job market within the context of the broader economic environment. Sure, we’ve all seen the headlines that some large tech companies have implemented workforce reductions or hiring freezes in recent weeks. As the economic outlook dims, these firms are making sound business decisions to evaluate their workforce strategies. 

The fact remains, however, that the job market still remains attractive to candidates. Opportunities abound in fields including technology, finance, and health services. Workplaces also continue to see structural changes in our post-pandemic work, and employers have not stopped seeking skilled talent to capitalize on market opportunities. 

At the same time, candidates are in the driver’s seat more than ever before. They have access to more “insider” information and networking opportunities, giving them an edge in negotiations. So while it may seem like things have chilled recently, now is still a great time to find your next white-hot opportunity.   

Is now a good time to search for a job?

The Job Market Is Still Favorable

While the headlines might be scary, the reality is that tech layoffs aren’t as massive as the news has portrayed. According to a count by TechCrunch, 44,000 tech jobs were lost in October 2022. That’s not a lot in the grand scheme of things. 

The overall job market still remains very attractive to job seekers. The U.S. economy added more than 260,000 jobs in October 2022 for a historically low unemployment rate of 3.7%. That means there are still many more jobs available for every candidate looking. Wages also increased 7.7% in October 2022 compared to a year ago, which is great news for job seekers looking to offset inflationary price hikes.

Not only is the labor market still growing, but an increasing number of individuals are looking for new opportunities as well. It’s estimated that 40% of workers are considering leaving their current role in the next six months. This is good news. It means they are confident enough that they will find something else, and it means that existing roles will continue to open up for prospective candidates.

The job market is still favorable

Pay Is Becoming Even More Transparent

More than ever before, candidates are applying to roles with an exact understanding of how much they can expect to earn. Job search and review sites such as Glassdoor and Indeed display self-reported salaries for anyone to see. And now, local governments are getting involved too in an effort to promote pay transparency. 

Several states and jurisdictions already have laws in place that require employers to publicly share information related to base pay, bonuses, benefits, and other compensation. New York City joined this list on November 2. California and Washington state are set to follow in January 2023. That means that a sizable number of jobs available from Fortune 500 firms, including tech businesses, will display a pay range alongside the job description. This grants prospective workers important insight into what jobs are worth applying for and what they can expect to receive at the end of the negotiating process. Employers can no longer benefit from the ignorance of candidates.

Pay is becoming even more transparent.

Recruiting Practices Are Shifting

As the bargaining power shifted to candidates in recent years, recruiters were forced to change their approach in order to attract top talent. More recruiters now focus on building relationships and nurturing candidates, which benefits those looking for new positions. With fewer people applying to jobs, candidates now have more direct access to HR teams who are more willing to understand their experience and match them with the best available open roles.

And as workplace flexibility continues to evolve, candidates now have more options to meet with recruiters and hiring managers and perform interviews. Most interviews, at least in the initial stages, now take place remotely on platforms such as Zoom and Teams. What used to be a stressful in-person interview process is now taking place from the comfort of the interviewee’s home. This also enables candidates to conduct more interviews without taking too much time away from their current work.

Recruiting practices are shifting

Find Your Next Opportunity With ScaleFront

If you’re a job seeker, it’s understandable that you may be wary of the current market. However, indicators suggest that now is still a great time to seek employment. Whether you’re plateauing in your current role, need a shift in your career, or are new to the job market enitrely, ScaleFront is a great place to start your search.

Find your dream job with ScaleFront

ScaleFront is a top recruiting platform and talent marketplace. Our proprietary referral network enables qualified professionals from around the world to connect with job seekers just like you. Our platform is open and transparent, ensuring that recruiters and candidates have access to comprehensive profiles and insights for better opportunity matching. With customized filtering and an intelligent search platform, you’ll quickly find the exact open roles that match your talent and interest.

Start your next job hunt with ScaleFront today!

Why You’re Going About Hiring All Wrong

If you’ve noticed that it’s gotten harder to fill open roles at your organization, don’t take it personally; it’s not just your company that’s affected. For the first time in years, hiring has slowed down across the board. Many recruiters are now seeing open roles stay open longer as they wait for the right candidates to apply and ultimately accept offers.

Compared to the past couple years, this slow down represents a notable shift in hiring practices. Companies must now approach talent acquisition creatively in order to stay competitive in recruiting top candidates. It’s no longer enough to simply post a job on LinkedIn and wait. By leveraging networks, relationships, and internal talent “pilot” programs, candidate matching will become easier.

As expectations for an economic recession pick up steam, hiring challenges will only continue to grow. Here’s why you’re currently going about hiring the wrong way and how your organization can retain a strong pipeline of top talent in these uncertain times.

Learn why you're going about hiring all wrongAdjust to the New Job Market Now

Yes, it’s true that the hiring landscape has shifted in the latter months of 2022. You may have seen the headlines that major companies have instituted rounds of layoffs or hiring freezes as they confront changes in consumer demand due to inflation and a looming recession. These are natural indications of a labor market shift. If your company was born before the pandemic, it’s likely that you’ve survived this in the past and will once again.

The good news is that the hiring market remains strong. In fact, more than 260,000 jobs were added in October 2022. This means that companies are still posting open roles. While that’s a good sign for the economy, it’s a bad sign for companies.

With uncertainty in the air, some candidates are hesitant about switching jobs. Unemployment also remains low, and now more jobs being posted means more competition for you to fill your open roles. Supply of talented candidates is low while demand for their talent remains high. That means you need to start working on rethinking your recruiting strategies now. You can’t afford to wait.

Adjust to the new job market today with online recruitment platformDon’t Ignore the Value of Relationships

When there’s a large pool of available candidates, hiring is transactional. Finding the right person for the job takes little time, and then you move on. We’re in a different environment now, which means hiring managers and recruiters need to invest more in nurturing relationships, both internally and externally.

47% of tech companies agree that in the past year, developing meaningful connections with candidates has become crucial. Engagement keeps the door open to prospects who weren’t hired but might be a great fit for another or future role. Always follow up with applicants, provide feedback, and circle back. Maintaining these close ties will ensure candidates remain encouraged to apply for future opportunities and your pipeline remains full.

Relationships on the inside matter too. Don’t be afraid to reach out to existing employees to let them know what roles are open and to encourage them to refer people in their networks. You’re more likely to find untapped talent using this approach, and, because the prospects are friends of existing employees, you’ll receive higher response rates too. If your talent sourcing needs a boost, it pays to think creatively. 

Nurturing relationships both internally and externally, and using best recruitment platformNew Hires Don’t Have To Be “New”

Many major organizations now partner with external staffing agencies to fill open roles on a temporary or semi-temporary basis. This is a great way to connect with talent as a trial run before extending permanent job offers. Oftentimes, these temporary roles do become full-time at some point. If the contractor was performing well, then there’s no need to go through an arduous external hiring process for the role.

Former employees can also be a great source of talent that shouldn’t be overlooked. One 2016 study found that 29% of workers returned to a former company at some point. As a talent manager, it’s worth advising hiring managers to consider former employees for open roles, especially if it would be a promotion for them. If you know someone has the right skills and experience having worked alongside them for years, then why not invite them back if it’s the right fit? The worst they can say is no.

Many major organizations partner with external staffing agencies to fill vacanciesFind Top Talent Today With ScaleFront

Necessity is the mother of invention. The current hiring slowdown we’re experiencing means that recruiters need to get inventive in order to continue to find exceptional talent. Adjusting your processes to creatively build teams, nurture relationships with candidates, and look within are all crucial elements of finding the right candidates in the current hiring climate.

ScaleFront, a top recruiting platform, offers you a place to do all of this and more. Our talent marketplace and referral network connect you with qualified professionals from around the world. Our platform is also open and transparent, ensuring that both recruiters and job seekers have access to comprehensive profiles and insights to secure the right connection. With customized filtering and an intelligent search platform, you’ll quickly receive leads that you can trust to meet your hiring criteria.

Find top talent with ScaleFront today

Find the talent you’ve been searching for with ScaleFront today