Reflecting on 2023 – a year of growth and challenges in recruitment!22nd December 2023
Over the past year recruitment has witnessed a dynamic interplay of challenges and victories. Let’s be honest, it’s been a year of ups and downs, but it’s also been a year of great steps in the right direction. As a business, 2023 has pushed us ahead, revealing new opportunities while asking us to adjust to changing situations.
In this article, we provide a roundup of the significant strides CY Partners have made over the past year and share key observations we’ve noted in relation to the recruitment and job market. If you’re curious about the shifts we’ve seen and how they might impact your career or hiring plans for 2024, dive in!
Growth and expansion
Within this rollercoaster, CY Partners has burgeoned, stepping into larger London premises to accommodate our flourishing team. Simultaneously, we expanded our operations into the North West, establishing a foothold in Salford Quays, amplifying our reach and accessibility. Our growing team have made some really good strides supporting existing and new clients in the region.
A pivotal shift here at CY Partners occurred with the integration of a new CRM system. This brought more enhanced collaboration between our teams as well as a data-driven approach that helped us provide top-notch advice to our clients.
Human touch in an AI age
The rise of AI-led platforms has permeated the recruitment arena in 2023. However, our belief in the irreplaceable value of human connections remains steadfast. While AI aids, it’s the fusion of human expertise and technological tools that will redefine the industry.
In the fiercely competitive scientific domain, jobseekers are urged to spotlight their unique selling points, especially on CVs. Standing out amidst the crowd is the beacon guiding them toward success.
Talent pool challenges
Stringent immigration regulations posed challenges in 2023, potentially shrinking the talent pool. The domestic talent scarcity in the scientific sector accentuates the necessity for innovative recruitment strategies. This scenario might herald an uptick in salaries, potentially disadvantaging smaller companies.
The escalating emphasis on diversity and inclusion remains a notable force, reshaping recruitment. Organisations embracing diversity thrive in creating vibrant, innovative work cultures.
Insights and industry projections from the REC
According to REC’s UK Recruitment Industry Status report 2022- 2023, the world of recruitment shows a changing story:
‘Candidates seek roles that offer purpose, flexibility and skills-centric opportunities. The past 18 months witnessed a quest for higher wages and a pronounced shift toward organisations contributing to a larger societal purpose.’
It’s evident that organisations need to take an extra step and enhance their offerings to attract and retain top talent in 2024.
The report highlights how the recruitment industry continues to support Britain’s economy, impacting not just businesses but society as a whole. This showcases the fundamental connection between flexible recruitment methods and a forward-thinking approach, vital for industry expansion: ‘Recruiters remain an exciting, thoughtful and vital part of our economy as they use their expertise to help clients find and keep talent in the tightest labour market for a generation.’
Undoubtedly, the expertise of specialist recruitment consultancies will be central to navigating a tumultuous job market in 2024, where the ongoing challenge lies in finding and retaining the best talent.
Adapting and innovating for 2024
As we bid adieu to 2023, the CY Partners team are excited about advancing our services in 2024, striving to improve support for both businesses to thrive and candidates to excel in their chosen careers.
The year ahead calls for innovative approaches to recruitment, embracing technology without losing sight of the invaluable human touch. Staying flexible and quick on our feet will be key to thriving in this dynamic environment.
Whether securing your next role or hiring top talent, our expertise and dedication stand ready to support you! Please don’t hesitate to contact us!
Wishing you a rejuvenating festive break and here’s to a successful year ahead!