CEO 2023 Outlook
2022 closed with what has been consistent for the past few years, uncertainty! The hiring market has slowed but it is still a candidate’s market. Companies have begun to show some caution as they wait to see what 2023 brings. The Federal Reserve is forecasting unemployment to rise from 3.6% to as much as 4.6%. While this would cause significant job loss it is far below recent recessions. Our conclusion is that demand for good talent going into 2023 remains strong for Information Technology, Digital, Creative, and Marketing talent where ektello specializes. Investment in digitization and the technology that supports it remains strong. These investments result in efficiency and a better customer experience. The unemployment rate for talent to support these investments remains well below the 3.6% national average. We counsel our customers to remain aggressive in attracting the proper talent. Lastly, it is important for companies to have a planned out hiring practice since this will provide the candidate with a positive experience. Provided are a few tips to consider as part of your hiring toolbox.
1. Be realistic about the job requirements
2. Provide a transparent hiring process
3. When interviewing hiring managers should be prepared
with their questions
4. Provide your employee value proposition
5. Provide your company’s values, mission, and benefits
6. Communicate with the candidate often
7. Provide attributes about your work environment
— Andrew Watt, ektello President & CEO
View Our 2023 Salary Guide Here
