Emerging Trends in Labor & Talent Analytics in 2023

The future of Talent Acquisition is an increasingly important topic among business strategists and HR professionals. As market conditions evolve and talent demands shift, organizations face new challenges in building effective workforce strategies. To better understand these dynamics, Horsefly Analytics conducted an extensive survey of US and UK stakeholders, uncovering critical insights that can help organizations navigate the changing talent landscape.

Key Survey Findings

Our comprehensive research revealed several significant trends shaping talent acquisition and workforce planning:

• Data-driven decision making has become essential, with 73% of high-performing organizations now leveraging analytics in their talent strategies

• Skills-based hiring is replacing traditional credential requirements, with 64% of respondents reporting improved quality of hire after implementation

• Remote work capabilities continue to reshape talent markets, creating both challenges and opportunities for strategic workforce planning

• Internal mobility programs are gaining traction as a critical talent retention strategy, with 58% of surveyed organizations expanding these initiatives

Industry-Specific Insights

Our respondents represented diverse industries, including:

• Healthcare - Facing unprecedented staffing shortages and seeking innovative approaches to clinical talent development

• Technology - Navigating intense competition for specialized skills while managing remote and hybrid workforce models

• Recruitment agencies - Transforming service models to provide more consultative, data-informed talent solutions

• Public sector - Addressing succession challenges as retirement waves impact institutional knowledge retention

• Financial institutions - Balancing traditional hiring practices with emerging skill requirements in digital transformation

Actionable Intelligence for Your Organization

In the current competitive recruitment landscape, organizations need help to meet the demands of today's rapidly changing workforce. Our survey findings highlight practical approaches that leading organizations are implementing to address these challenges:

• Developing unified talent intelligence systems that connect workforce data across the employee lifecycle

• Implementing predictive modeling to anticipate talent needs before they become critical shortages

• Creating strategic workforce planning frameworks that align talent capabilities with business objectives

• Building more sophisticated internal talent marketplaces to maximize existing workforce capabilities

The Talent and Labor Analytics Survey Results eBook will guide your organization through these critical processes, providing both strategic frameworks and practical implementation guidance. Download your copy below to get started!