Here’s how the future of the Indian hiring space looks like in 2023

Needless to say, human resources are the most vital resources in an organisation. With changing organisational demands and employee expectations, the recruitment process has taken giant strides. Traditional hiring techniques are losing relevance, and new-age solutions are driving recruitment methods with continuous experimentation and changes. Despite a 23% hiring level dip in December 2022 year-on-year (YOY) and significant tech layoffs in January 2023, the hiring market in India is expected to spring later this year. Thanks to emerging technologies like Artificial Intelligence (AI) and Machine Learning (ML), recruitment rules are being reconsidered, and job hunters are leaving no stone unturned to onboard the best talent for their business. Since 88% of young employees in India are planning to change their job roles in 2023, job hunters are expected to be fully equipped with the latest trends and strategies to onboard the best talent for their organisations. Top Hiring Trends to Look Out for in 2023  1.Targetting Gen s 1.Forbes data suggests that Gen s will comprise about 27% of the global workforce by 2025. Since Gen s has different ambitions and expectations than the generations before, job hunters are expected to leverage Gen s-friendly hiring practices to attract potential Gen s talent. 2. Digitisation and Automation of the Hiring System The recruitment process consists of a number of complex and tedious tasks. New-age HR professionals and businesses are relying on Artificial Intelligence (AI) and other deep-tech solutions for automating time-consuming tasks like scanning job descriptions and extracting data points for making decisions, and automating the hiring process. About 67% of HR personnel believe AI positively impacts the hiring process by improving productivity and optimising resources. 3. Hybrid-Mode Recruitment Remote and hybrid corporate culture picked up pace amid the coronavirus pandemic. It is getting popular by the day as it provides increased flexibility and work-life balance for employees. The hybrid model and work-from-home culture are expected to grow in the coming years. Therefore, HR professionals are considering hybrid-mode recruitment as an option to onboard top talent. 4. Personalised Onboarding Recruiters are increasingly acknowledging the power of personalised onboarding journeys. Going by the 90-day rule, the initial 90 days of the employee in an organisation are critical for acclimating new hires to the company culture and acquainting them with their roles and responsibilities. For streamlining the onboarding process, recruiters are focusing on providing personalised services for different roles, considering employee needs and preferences. Given the ever-evolving and competitive hiring landscape, candidates are looking for enhanced working and onboarding experience. Considering the dynamic 2023 hiring trends, it’s time to rethink effective hiring strategies for attracting the best-fit candidate while increasing efficiency in the recruitment process. Recruiting Strategies for Startups 1. Leveraging Deep Tech Recruiting Solutions Along with Artificial Intelligence (AI) and Machine Learning (ML) capabilities, new-age tech tools and solutions like psychometric heuristics, psychometric linguistics, psychography, and gamified cognitive skill & analytics, provide job hunters with invaluable insights for making informed hiring decisions and flagging compliance-related concerns. Overall, deep tech solutions improve accuracy, efficiency, and meritocracy for ensuring personalised onboarding. 2. Streamlining Interview Processes Traditional interview processes are largely characterised by painstakingly long durations, blatant ghosting of candidates, and interview bias. Streamlining the interview process with predictive analytics and behavioural data points helps interviewers conduct structured, competency-based interviews and onboard cultural and cross-functional skills and talents. 3. Blending Technological Solutions with Manual Interventions Reports suggest that about 90% of people are of the opinion that AI can be manipulated to some extent. On the other side, 68% prefer human intervention in the final decisions of the recruitment process, which can be quite effective in providing an authentic hiring experience to candidates. Therefore, experts suggest recruiters blend human intervention with business intelligence (BI) for more refined recruitment. Technology should largely be used to extract insights, analytics, and data points that make things easy for hiring managers. The Way Forward The recruitment process is evolving, and today it is more important than ever to hire talent that is operationally and culturally the best fit for your organisation. With recession uncertainty looming for businesses in 2023, hiring managers are expected to be aware of the latest hiring trends and strategies for capitalising on potential hiring opportunities. Balancing deep tech solutions and human intelligence ensures proactive engagement with employees, advanced screening of potential candidates, and data-backed decision-making. The global hiring market is expected to reach USD $542 billion in 2024. Going forward, trailblazing advancements in technology are needed to revolutionise hiring technology and solutions. With 5G internet infrastructure spreading its roots and the emergence of Big Data, the stage is set for hiring technologies to progress and take the recruitment process to the next level. Source