Executive Hiring Predictions for 2023

Executive Hiring Predictions for 2023

Over the past decade, executive hiring has been changing adapting to suit the needs of an ever-evolving economy.

As we look ahead to 2023, it’s essential for employers and job seekers alike to understand how executive hiring will evolve in the coming years. In this article, we’ll dive deeply into the latest trends in executive hiring so you can make informed decisions about your career plans.

The top executive hiring predictions

From changes in job requirements to rising demand for certain skill sets, find out what the future of executive hiring holds.

The era of fractional executives

A fractional executive is a consultant or an independent contractor who provides professional-level services to organizations part-time.

These executives are typically experienced professionals who have a successful track record in their field. They are often brought in to help with specific projects or tasks, and their involvement is usually limited to a specific period.

The best way to find a fractional executive is to partner with an executive recruiting firm with an extensive talent database.

Flexibility will be the top priority

As per the 2022 Future of Work study by Zapier, 61 percent of professionals stated they would quit their job for a remote opportunity. An equal number agree remote work helps boost their productivity.

In this background, it is safe to say that executives will prefer job roles in 2023 that let them work from any place, anytime, and anywhere.

Quiet hiring will be in

The trend of “quiet quitting” dominated 2020, driven primarily by social media. This involves just meeting the job’s minimum requirements and not putting in more effort or enthusiasm than is necessary.

When ‘quiet quitting’ happens, companies lose skills but keep people.

Wise HR leaders and recruiters must adopt “quiet hiring” to tackle this trend. Here, recruiters will look to acquire new skills without hiring additional full-time employees.

This can be done in many ways, including:

  • Promoting internal talent mobility
  • Upskill existing employees
  • Hire alumni networks and temp workers to meet a shortfall in talent

Focus on ethical implications of AI in recruiting

While a large number of organizations are using AI to recruit executives, the concerns over the technology’s ethical implications will continue to be highlighted.

A new law came into effect on January 1, 2023, in New York City where employers are prohibited from making use of AI unless they undergo yearly “bias audits.”

Such laws can require bringing in more transparency with regard to how recruiters are using AI and giving executive candidates the choice to not participate in AI-led recruitment processes.

Streamline your executive search with Arrango & Associates

If you are looking to find top executive talent, Arrango & Associates is your perfect partner.

By leveraging our network of contacts and utilizing cutting-edge technology, we can provide you with an unbeatable executive search experience. Whether you are looking for your next CEO or CFO, take advantage of all we offer.

Contact us to know more about our executive search services.