We are approaching the end of another busy and ever-changing recruitment year.
We asked 15 recruitment market specialists to think about how 2023 will go into the history books and what you can bring with you for 2024.
Unsurprisingly, when we asked our experts about the most considerable changes in recruitment in 2023, the words appearing in the word cloud were AI, automation and the modifications in skills and employer branding.
Let's dive into what 15 recruitment professionals had to state in the 2023 Teamdash study.
The increase of AI and automation in recruitment
The focus on automation has actually been evident in the previous years, and rightfully so. Recruitment technology is more available, accessible and adaptable than ever.
This year, AI took a substantial action ahead in recruitment and has been included into recruitment software, consisting of Teamdash.
We recently celebrated one year of ChatGPT - the infamous AI tool pointed out at every supper table this year. ChatGPT and other AI tools are utilized by both recruiters and prospects, raising concerns about how it impacts the recruitment process and how to maintain ethical and human factors in the decision-making.
At Teamdash, our philosophy has actually constantly been that the employer needs to be at the steering wheel and in control, and innovation is just a lorry to get there faster, safer and more conveniently. And it should continue and be transparent in the recruitment performance metrics.
AI resembles your co-pilot - you're in control, giving commands and making the choices.
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Renita Käsper, Global Director of Talent Acquisition and Employer Branding at HRS Group
Talent acquisition and recruitment has been a fairly early adopter of Expert system. AI assists recruiters to work smarter, not harder, automate repetitive jobs, make it faster and much easier to source prospects, compose job advertisements, launch company branding campaigns, and engage with prospects, to call simply a couple of. AI continues to evolve and automate daily jobs. Recruiters might have the ability to take a lot of repeated things off their plates and concentrate on the more human aspects of recruiting.
Keter Luhaorg, Recruitment Partner at Euronics
I started utilizing multiple AI-powered tools in recruitment, always making sure ethical practices, naturally. Learning the required triggers not just made my task simpler, however likewise showed exceptionally fascinating. Embracing ethical AI tools totally transformed my approach to recruitment: Automated Resume Screening: promptly matching candidate certifications with task requirements. Chatbot support: guides prospects, responses FAQs, and schedules interviews seamlessly.
In 2023, we experienced the development of the requirement to headhunt talents instead of fill the functions of actively applying people. At the exact same time, the increased circulation of applying candidates looked like a favorable modification, but actually, it did more operate in regards to the need to respond to everyone, assess each profile's suitability to the role and send out more rejection emails.
The effectiveness increase that the AI and automation tools supplied allowed us to make the procedure quicker and more consistent. We achieved an in the Time to Hire metric and the drop in Voluntary Turnover, and, at the same time - a boost in worker NPS.
Lauryna Gireniene, Head of Talent Acquisition at Nord Security
In 2023 our hiring rate from candidates increased by 25% - to increase working with rates, you require to guarantee the very best prospect experience by utilizing automations and AI.
Tools you need for effective recruitment in 2024
Recruiters without current tools and software have a clear downside compared to the ones who have embraced an extensive tech stack.
All the experts who responded to our study mentioned having an excellent and modern ATS as the first essential tool in 2024.
Teamdash is recruitment software developed by recruiters for employers, and we understand how annoying it is dealing with innovation that doesn't fit your workflows.
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That's why Teamdash is extremely customisable and consists of various automation possibilities and (AI-powered) tools that make your work much easier - an interview scheduler, a job ad landing page tool, the inclusive language checker, AI-powered Candidate Summaries and video speaking with choices, among others. The recruitment control panel provides you a birds-eye summary of your entire recruitment process. The Recruitment Performance tab offers you a visual summary of important recruitment metrics so you can be more tactical in your daily work.
We covered selecting the right ATS for your requirements and company at one of our webinars in 2023. You can watch it as needed on Livestorm.
Having the right tools helps us adapt to the market changes we saw in 2023 and be proactive in 2024. Here are some suggestions from our experts:
My essential tools are Good ATS, Chat GPT (or comparable), and LinkedIn.
Jane Pettit, Business Growth Coach and Recruitment Team Trainer at Centred Excellence
For employers in 2024, essential tools include sophisticated AI-driven Applicant Tracking Systems, sophisticated candidate evaluation software, varied and inclusive job advertising platforms, data analytics tools for talent acquisition insights, and virtual truth interfaces for immersive candidate experiences, emphasising performance, fairness, and engagement in the recruitment procedure.
Piret Ulm, Partner Relations Lead at TalentHub
I personally believe you will fall too far behind the curve if you do not make AI work for you. There are still a lot of employers not taking complete benefit of technology. You do not need to master them all, however get a good grounding on triggers and recognition as a minimum. AI is as reliable as Wikipedia - you need to do the fact-check.
Danas Venclovas, Head of Talent Acquisition at Luminor Group
ATS, Magical Text Expander, DeepL, Grammarly, and design templates to make day-to-day tasks much faster.
Rethinking and upgrading your company brand name to adapt to the modifications
The nature of work and the expectations towards the office and employer have significantly shifted in the previous years. There is likewise a generational change in the workforce - Gen Z is entering the workforce as a part of the Boomer generation is retiring.
To keep up and exceed these expectations and keep hiring and retaining top talent, companies have to reconsider their company brand name and offering. At our end-of-the-year webinar, Kaarel Holm from MeetFrank shared that the Pareto concept uses in their user base - 20% of the finest employers get 80% of the applicants. No employer wishes to miss out on working with the finest skill.
To turn into one of the finest, openness is expected throughout all stages of the skill strategy. This indicates leveraging the ideal innovation and tools to support human competencies and constructing a strong employer brand name based on them.
Diversity (DEI), versatility, openness and the rise of relatable organisations are the keywords in focus for employer brands in 2024.
We've seen a great deal of change throughout 2023.
- Firstly, the demand for the workplace on a versatile basis has picked up. While fully remote and remote-first chances remain dominant amongst jobseekers, hybrid functions are becoming increasingly popular.
Our Q3 Flexible Working Index (a report which tracks progressing patterns throughout the versatile jobs market) revealed a sharp shift away from remote work amongst companies - completely remote roles represented just 4% of job posts between July and September, somalibidders.com on average.
Meanwhile, jobseekers' need for remote work remains strong, but our information reveals that the more versatility companies provide personnel around working places, the more popular they are amongst candidates.
- Secondly, the conventional work week has significantly progressed over the previous year.
The timeless Mon-Fri is taking a backseat. Increasingly more companies are introducing an alternative method, that includes variations of the 4-day week, the 4.5-day week, and the 9-day fortnight.
Demand for the 4-day work week has actually skyrocketed, with an average of 47.4% of Flexa users listing it as their preferred method of working during October. During the same duration, 37.5% chosen the 4.5-day week as their preference, and 14.1% stated the 9-day fortnight was theirs.
Kayleigh Little, Recruitment Automation Expert at Teamdash
Maintaining your employer brand name whilst recruitment is low is KEY! You need to be constantly sharing things with your audience so when recruitment picks back up you are not basically going back to square one. Technology will allow you to genuinely make data-driven choices whilst having the ability to track candidates, elevate your company branding and master recruitment marketing.
Recruiter skillset in 2024
In current years, we have actually seen a lift in skill- and value-based hiring. Companies are now actively upskilling their present labor force and employing brand-new staff members to fill the skill gaps.
This also indicates employers need to adjust their abilities to match the requirements. Recruiters need a mix of excellent soft skills and difficult skills to be successful in 2024 and beyond. A successful recruiter in 2024 is a fantastic communicator and facilitator who understands how to sell the role and the business, deals with information and data to think strategically, and adapts rapidly to the modifications in the market.
Again, proactively dealing with developing these skills even more and using innovation helps remain on top of the recruitment game.
In the previous few years, we have actually seen recruitment ending up being increasingly more tactical and data-driven. HR professionals have become the leaders of this shift and the brand-new skill methods.
We enjoy to see that Teamdash users are actively working with the information offered for them in the Recruitment efficiency tab and have made inspecting it a part of their everyday routine. This has actually helped them find brand-new ways to streamline the procedure and automate tiresome jobs, making more time for activities that develop value.
The new skillset aligns with the challenges that 2023 has brought and will continue to 2024.
- We have seen an increase in the variety of candidates but still have problems getting sufficient qualified prospects;
- We need to cut or manage recruitment costs to remain on top of the financial circumstance in the world;
- For more powerful company brands, we need better communication across companies, and cooperation with employing supervisors is especially crucial.
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Riin Soostar, Senior HR Business Partner at Circle K Eesti
It is essential to automate as much administrative work as possible so the recruitment process is as effective and high-quality as possible. Recruiting is getting more technical with every year. I ´ d say that a great employer needs to keep up with the patterns, understand the target group, and understand how to reach out to them. Also, there has to be a bit of a salesman in every employer, in an excellent way.
The most crucial skills for an employer in 2024 are:
Business partnering and consultancy abilities. The ability to engage in significant conversations and forge partnerships with hiring supervisors and stakeholders is critical. We should first cultivate a wealth of service acumen and abilities within ourselves to really operate as vital organization partners. It includes comprehending our company goals, preemptively constructing talent pools, and avoiding last-minute firefighting. Entering a consumption call with talent market mapping results guides the discussion. It aligns expectations at the ideal level, making the next actions more pleasurable for ourselves, hiring managers, and candidates.
Data-fueled procedures and decision-making: While the discourse around data-driven procedures has actually persisted, few have wholeheartedly accepted these principles. Predicting what leads us becomes a crucial skill amongst TA specialists and helps us develop meaningful collaborations with our stakeholders. The upcoming years signal a concrete shift, requiring fundamental modification when it concerns time-based metrics, but not only. Integrating Talent Analytics and Talent Intelligence into resource preparation is ending up being the standard even before recruitment activities commence. Balancing the internal and external viewpoints ensures that we keep up with modifications and remain half an action ahead. As the data topic requires to expand, storytelling skills take centre stage-because information holds an essential story, and we remain in the lead of composing the narrative around this.
Natalja Horohordina, Head of Talent Acquisition at Eesti Energia
Recruiters should embrace and leverage recruitment automation, build evaluation abilities, and increase internal movement in 2024. Recruiters require to understand their groups' skills and capabilities in-depth to build an extensive group's assessment picture.
Lara Holding-Jones, Director at Pink Jelly People Consultancy
Assessment abilities will become significantly essential as prospects use AI tools to develop significantly strong CVs.
What will 2024 bring into recruiting?
We will see the number of of these patterns and obstacles discussed rollover to 2024.
Something is for sure: AI and automation will play an assisting function for recruiters - personalised communication, and the human element will always stay the leading gamers for both recruiters and candidates.
We are excited to see in which instructions AI and technology will take us in 2024.
The end-of-the-year webinar "Key trends and modifications in recruitment for 2024" was an informative session with statistics and skilled forecasts from MeetFrank's Co-Founder Kaarel Holm and The Talent Hunter Vanessa Raath. It is available as needed on Livestorm.
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Piret Luts, Global Head of Talent Analytics, Sourcing & Research at Nortal AS
2023 has left lots of talent acquisition groups lean. Recruitment teams and specialists need to learn and review how to deliver more with less. Balancing the needs of organization requirements while guaranteeing individual wellness is important to fight the prevalent obstacle of recruitment burnout in the year ahead. Remember, it is necessary that your cup is complete also.
The second one would be trust. 2023 was notorious for the variety of layoffs, I feel that there is a growing deficit of trust from the prospects side. Therefore, business need to be mindful of constructing their authentic company brand names completely and taking good care of their present workers. Prioritizing the wellness and engagement of existing workers becomes not just a corporate responsibility however a tactical necessary to reconstruct and strengthen trust in the hiring landscape.
Molly Johnson-Jones, CEO & Co-founder at Flexa
As attitudes and comprehending continue to sway in the right instructions, I hope 2024 will bring far more transparency and utilisation of company branding. Both go hand-in-hand and are very important to effectively employing and maintaining leading skill - particularly as they assist build trust amongst candidates and staff members.
And there's a lot data to back this up. For example, LinkedIn's Employer Brand data specify that 75% of job candidates consider an employer's brand name before even obtaining a job.
In a study of 1,000 workers, Visier discovered that 90% trust their company. When asked why, 65% stated, "They normally inform me the truth", 52% said, "They're transparent about company policies and practices", and 38% said, "They motivate staff members to speak out".
And data from Deloitte revealed that relied on business outperform their peers by up to 400%!
Vanessa Raath, Founder of The Talent Hunter
There is a lot of disruption from generative AI. We are visiting great recruiters using AI to make their jobs simpler and referall.us simplify a lot of their routine, admin-intensive jobs in 2024. We are also going to see a lot of lazy employers severely utilizing Generative AI tools. We need to keep in mind that no one speaks like ChatGPT, so we can not just throw up content and pass it off as our own. Personalisation will be key for us to remain Human.
Hiie-Liin Tamm, Recruitment Lead at Scoro
More automation in recruitment: Using more AI in recruitment to support manual jobs and improve prospect experience with a more individual technique.
Pay transparency: being more transparent about pay is getting a lot of popularity; companies need to prepare to be able to fulfill the requirements of the European Parliament Pay Transparency Directive.
More skill is offered: Due to lots of layoffs and instability in the tech sector, there's more talent offered. So business who can employ now have the possibility of having extremely top quality individuals who are faithful to them.
DEI in hiring: companies stress variety recruitment and unconscious predisposition.
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