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Despite looming recession fears by some, the talent acquisition space appears cautiously optimistic for 2023. That’s what iHire’s latest research suggests.
In surveying over 500 U.S. employers for our 2023 Hiring & Job Search Outlook Report, we found that 42.7% were concerned about an economic downturn, yet 68.1% expected to increase their hiring volumes in 2023. Furthermore, 49.5% said they planned to give pay raises in the new year, and only 16.8% were worried about recruitment budget cuts.
So, is the labor market finally softening up a bit after a tough couple of years in which candidates held
