Our top articles from 2023 are representative of a changing future in the staffing industry. As talent shortages continued to be a significant challenge, recruiters leaned on new approaches to talent acquisition, such as skills-based hiring and referrals. Though many staffing leaders decreased their growth projections, technologies like AI, vendor management system, and referral software helped simplify tasks and set agencies apart from the competition.
With these trends in mind, here’s a look at our 10 most-read articles of 2023.
#1. The 2023 State of Staffing Report Is Live!
The 2023 State of Staffing Report findings predicted a more modest growth pattern for the staffing industry in the midst of economic uncertainties. Coming down from 2021’s record-setting growth, one-third (33%) of staffing agency respondents said their firms grew more than 20% in 2022, and more than half (56%) anticipated double-digit growth in 2023.
#2. Trends That Will Dominate the Staffing Industry in 2023
Guest author Rich Thomas at Pyramid Consulting, Inc., took a look at trends that were expected to dominate the staffing industry in 2023. For employers, these trends included a continuation of hybrid work culture and a focus on embracing data and technology to evolve and ease operations. For employees, he said referrals would drive new hiring, and power skills would dominate in recruiting, among others.
#3. Challenging Business Conditions Prevail in Q3 2023: NABE Business Conditions Survey
According to the October 2023 National Association for Business Economics (NABE) Business Conditions Survey, the Net Rising Index (NRI) for sales, which represents that percentage of panelists who reported rising sales minus the percentage who had falling sales, was 6. This was the lowest reading since April 2020.
#4. AI, Skills-Based Hiring, and More Talent Acquisition Trends for 2024 from Korn Ferry
Korn Ferry predicted six trends that will shape the staffing industry in the coming year, including AI, with recruiters using it to be more efficient and candidates using it to write resumes and compare salaries, and increased entry-level hiring, for budgetary reasons as well as to create a wider talent pool for DE&I efforts.
#5. Nearly Two-Thirds of Recruiters Say It’s Still a Candidate-Driven Market
According to a survey by Top Echelon, candidates are still driving the market. Of the 20,000 recruiters polled, the majority (68%) said the talent shortage is a significant challenge, but almost half noted that candidates are turning down offers and ghosting at basically the same rate as last year.
# 6. More Than 7 in 10 Employees Plan to Stay at Their Jobs, but Skills Development Is Key: The Adecco Group
Almost three-quarters (73%) of workers said they were planning to stay with their employer in 2023 according to a survey from The Adecco Group. This is up from 61% in 2022.
#7. The Ultimate ChatGPT Cheat Sheet for Staffing and Recruiting
Guest author Andrew Kimmell of Staffing Engine provides this breakdown on how to use ChatGPT for social media job posts, rejection letters, job offer letters, and more. He touches on using tone descriptors, as well as step-by-step instructions on how to craft a ChatGPT prompt.
#8. [Report] State of Staffing: 2023 Mid-Year Pulse Survey
This Mid-Year Pulse Survey for the 2023 State of Staffing report sheds light on how staffing leaders expectations changed due to factors such as layoffs and talent shortages. As a result of these factors, over half of respondents decreased their growth projections. Notably, 14% revised them downward by more than 20%.
#9. Unlocking the Power of VMS for a Successful 2024 Business Strategy
Guest author Tiffany Steppenbacker at Advance Partners highlights the capabilities of a vendor management system (VMS) for staffing owners. She covers steps to overcome VMS challenges, such as choosing the right provider and training and education, and touches on the advantages of a VMS, such as revenue opportunities and real-time data.
#10. [On-Demand Webinar] How Salo Grew Referrals by Putting People First
This on-demand webinar covers the steps Salo took to grow their business, including the change management practices they used to make sure they successfully implemented their referral software, and how referrals can create a competitive advantage for an agency.
