2023 is right around the corner. 2022 has been a turbulent year for many. With skyrocketing housing prices, inflation, and a higher cost of living, affordability and money have been top of mind for most people. It’s definitely a key consideration in the recruitment industry.
Money is on the minds of candidates and business leaders with the downturn in the economy, so it’s definitely going to be a factor going into next year, as candidates look for jobs and as companies look to hire.
But there’s also a host of other things that candidates want from employers. We asked our Toronto recruiters about some of the things they are hearing from job seekers about what they want going into 2023. Here is what they had to say:
Money is still #1 but there are many other things candidates value
Given our current economic landscape here in Canada, you would expect money to be a top priority for job candidates. They are seeking roles that offer financial security amid uncertain economic conditions heading into 2023. But they also still desire job flexibility, security, and want to work for employers who offer a good work-life balance.
LinkedIn Talent Trends report outlines what candidates value
To attract and retain top talent, employers need to understand what candidates value.
“Employers may be regaining the upper hand, but recruiters must still focus on candidate priorities if they want to recruit the best talent. What do candidates want? A good paycheck, balance, and flexibility,” says Lydia Abbot on the LinkedIn Talent Blog.
So, what do candidates value? Here is what LinkedIn Market Research found about how candidates rank their priorities:
- Job security
What does this mean for employers?
If you want to compete in a competitive talent market in 2023, you must integrate the above into your recruitment strategy. How?
- Offer employees the things they value (or someone else will)
- Make it clear in job ads that you offer these things
- Adjust your job offers to reflect what candidates are seeking in job opportunities
- Follow through – avoid over-promising and under-delivering.
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IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across Canada and internationally. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Startup, Data Science, Consumer, eCommerce & Retail, HR, Manufacturing, Supply Chain & Engineering, Construction & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, and Sales. Click here to view current job openings and to register with us.