Q2 2023 Market Update: HR Job Market in the US

The HR job market in the United States remains highly competitive and challenging. Currently, we have 30 open positions available, primarily targeting mid-level roles, which is consistent with the first quarter's trends. However, it's worth noting that the latest US Job Reports indicate a growth in overall job numbers for May, as reported by The New York Times in May 2023.

Within the HR field, specialist roles such as Compensation, Benefits, and Total Rewards have witnessed increased activity, with a focus on talent retention and attraction. Organizations are streamlining their operations, resulting in a heightened significance of the talent function and closer alignment of HR Business Partners with the overall business objectives. Industry experience plays a crucial role in demonstrating business and commercial acumen. 

The concept of hybrid work has become the new norm, and we tend to see a minimum requirement of three days working from the office. This shift has implications for both employers and job seekers, necessitating careful crafting of candidates' stories to align with the specific needs of their desired employers. To support candidates in this endeavour, we are planning a Business Storytelling Workshop in the Q3 in partnership with Arcadia Consulting.

We are very engaged with our HR Community and I have recently launched the 'HR Hot Seat' video series. This series features interviews with HR and Talent Acquisition leaders who provide insights into current HR trends. Be sure to check out the first two episodes featuring Valerie Vada discussing Navigating Networking and Elisabeth Woodfield sharing insights on Passive Vs Active candidates.

We will soon be sharing salary data for HR roles in the Finance, Commerce and Legal sectors in the US, so stay tuned for updates and valuable information on the HR job market. 

You can reach out to myself on LinkedIn or at rj@elliottscotthr.com