In this episode, Marcus Edwardes speaks with Andrew Flowers, a labor economist at Appcast, a global leader in recruitment advertising technology.

In 2020, Andrew ran for State Representative of the 8th Norfolk District in Massachusetts. He narrowly lost the Democratic primary, winning 48.2% of the vote. Prior to running for office, he was an economist with Indeed.com, a data journalist at FiveThirtyEight.com, and an analyst at the Federal Reserve Bank of Atlanta.

Listen in as Andrew unpacks the top seven recruiting industry trends he foresees for 2023:

●      Despite economic uncertainty, there will be no major pullback in hiring.

●      Pay transparency laws will continue to change the rules of the game.

●      The pendulum is swinging back to center on work location, but remote work is here to stay.

●      Job boards will increasingly force good stewardship over the job seeker experience.

●      Moving beyond job boards to an automated, multichannel approach will be critical.

●      Hiring organizations will focus less on spend and more on the metrics that matter most.

What You’ll Learn in This Episode:

●      [02:35] The growing disconnect between economic signals and the talent landscape

●      [04:19] Why there will be no major pullback in hiring in spite of economic turbulence

●      [07:25] How fear is affecting the job market

●      [12:54] How pay transparency laws are changing the rules of the game

●      [19:20] Why remote work is here to stay

●      [23:09] Why it’s a great time to be a tech recruiter today

●      [27:14] Why job boards will increasingly force good stewardship over the job seeker experience

●      [32:01] How many degrees are truly vocational, anyway?

●      [35:52] Moving beyond job boards to an automated multichannel approach

●      [42:16] Why hiring organizations will focus less on spend and more on the metrics that matter most

Key quotes:

●      “In 2023, the labor market will still be what economists call ‘tight’, which means an excess of demand over supply.”

●      “Job boards, led by Indeed, realized that their real asset is not necessarily the employers and recruiters and make up their revenue. Their real asset is job seekers.”

●      “It is a huge part of the job seeker experience right now to research the employer. That means employer brand, ethics, and reputation.”