Forward-thinking organizations thriving in an ever-evolving global landscape are habitually strategic with their talent acquisition tactics. To stay competitive, business owners and HR managers have been exploring the latest talent acquisition trends. Embracing cutting-edge technology and adopting best practices can help you navigate the complexities of global talent acquisition.
At IMC Group, we specialize in designing customized payroll management solutions and offer global mobility services.
If you are planning to go international with your workforce, we bring you some of the most dominating global talent acquisition trends that you might consider.
Top global talent acquisition trends to follow in 2023
Explore the key global talent acquisition trends that can set your organization apart in the competitive business scape.
1. Shifting the Focus from Local to Global
The most remarkable recruiting trend in 2023 reveals that organizations are likely to prioritize global talent acquisition. As a strategic approach to diversify and adapt to the evolving market demands, brands are increasingly pooling in talent from other countries.
The evolving trend of working remotely enables brands to attract and hire talent regardless of their geographical boundaries. Thus, businesses are focussing on expanding their pool of potential candidates and recruiting beyond local demographics.
2. Tapping Emerging Talent Hubs
Businesses are consistently exploring emerging talent hubs to tap valuable human resources in 2023. Often, traditional recruitment processes overlook locations that produce highly skilled professionals capable of addressing local skills shortages. By tapping into these emerging talent pools, your business can gain a competitive edge as you hunt for top-notch talent.
Tech giants, for instance, are exploring talent hubs like Uruguay and Poland to find specialized professionals.
A report reveals that 77% of HR professionals consider skill shortage to be the prime hurdle while hiring. As this problem persists, talent shortage in home countries has prompted some organizations to explore further to find the right talent.
According to Oxford Economics, countries such as South Africa, Colombia, India, and Indonesia are expected to experience economic growth as well as talent surplus in the coming years. Naturally, organizations need to tap into emerging markets to fulfill their workforce needs.
3. Flexibility in Qualifications
Recent recruitment trends reveal that hiring practices will place greater emphasis on soft skills and a flexible approach to qualifications. Emerging talent markets have already witnessed remarkable increases in national education levels. In these markets, skilled professionals may lack the practical exposure that businesses typically seek. Recruiters are expanding their criteria beyond job experience and academic qualifications. Currently, they are prioritizing traits like critical thinking, problem-solving, effective communication, and emotional intelligence. Thus, recruiters have come up with new parameters to evaluate the skills of the most suitable candidates.
4. Focus on Reskilling and Upskilling
Besides prioritizing soft skills, recruiters need to take adequate measures to reskill and upskill candidates to prepare a future-ready workforce. The global economy is ever-changing. With rapid digitization, businesses need to remain agile and flexible to challenges.
One of the notable trends in 2023 reveals that businesses are increasingly investing in upskilling and reskilling programs. As a result, employees can overcome fresh challenges and seamlessly blend into new digital trends.
5. Promoting Diversity and Inclusion
In 2023, inclusion and diversity will continue to mould global recruiting trends. A diverse workforce enjoys a plethora of benefits, 2.5 times higher cash flow for each employee. Organizations need to address potential biases in their application processes to foster diversity. It’s imperative for them to explore new strategies and integrate both local and international teams. Businesses can create a rich and inclusive work environment by recognizing the value of different cultures and backgrounds in their workforce.
6. Strategic Workforce Planning
In 2023, talent managers need to adapt their strategies as global recruitment trends continue to evolve, moving beyond their conventional success formulas. A mindful approach is the need of the hour that should shape workforce planning. HR managers also need to leverage tools such as predictive analytics and AI to make data-driven hiring decisions.
Through strategic planning, organizations can identify necessary skill sets for critical roles and market trends. This way, they can align their talent acquisition efforts and future growth objectives together.
7. Exploring the Power of Recruitment Technology
Recruitment technology is set to play a pivotal role in global hiring trends for 2023. Surveys reveal that 59% of HR decision-makers, talent professionals, and recruiters expect to spend more in adopting new recruitment technologies. Technology goes a long way in shaping global recruitment trends. While many employers are using the traditional process, forward-thinking organizations are making the most of available tools.
Reviewing applications manually turn out to be a time-intensive affair. Organizations are automating their recruitment processes through various digital tools. Applicant tracking Systems (ATS) can streamline the onboarding process. One of the core functions of AI-backed ATS is to filter applicants based on keywords and specific criteria. Some companies are already using chatbots to interact with potential employees. Using ATS, chatbots, and other sophisticated tools, organizations can streamline their international hiring processes. This goes a long way in mitigating manual effort and time in reviewing applications.
8. The Focus on Employer Branding
Among other aspects, employer branding will be phenomenal in attracting and retaining global talent. An employer brand conveys greater credibility as a recruiter and helps potential candidates visualize the work culture and environment.
Businesses are expected to redefine their Employee Value Proposition (EVP) and thereby showcase their commitment to fostering an exceptional work environment.
Simplifying International Workforce Mobility with IMC Group
When expanding globally and onboarding employees internationally, IMC Group offers comprehensive solutions tailored to meet the unique needs of businesses. We seamlessly integrate identified talent, streamline processes, and ensure compliance with local regulations. With our expertise in global workforce management, trust IMC Group as your reliable partner for a smooth transition and efficient international operations.
