Important Recruitment Trends to Watch in 2023 - Jobylon
The year 2022 marked a significant transition in the labor market. Job openings surged while applicants decreased dramatically.
talent acquisition budgets to skyrocket by up to 51%
The year 2022 marked a significant transition in the labor market. Job openings surged while applicants decreased dramatically. In fact, there are two open jobs for every unemployed worker in the US today. As a result, HR teams found themselves struggling to keep up with a rapidly growing number of open roles and declining candidate pools, causing <anchor>talent acquisition budgets to skyrocket by up to 51%</anchor> from 2021. Now that job seekers have gained authority over the employment market, employers need to continue putting in more effort to stay ahead of the competition of top talents in 2023 and the years beyond.
As Employer Recruiting Budgets Grew in 2022, Their Overall Staffing Numbers Fell
As Employer Recruiting Budgets Grew in 2022, Their Overall Staffing Numbers Fell

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# As Employer Recruiting Budgets Grew in 2022, Their Overall Staffing Numbers Fell

December 5, 2022 \| By Kevin Gray


_RECRUITING BENCHMARKS_

![An illustration of people standing on a stack of dollar bills.](https://www.naceweb.org/images/default-source/2017/as-employer-recruiting-budgets-grew-in-2022-their-overall-staffing-numbers-fell-xlarge.png)

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TAGS: [benchmarks](/tag/benchmarks), [nace insights](/tag/nace-insights), [operations](/tag/operations), [surveys](/tag/surveys), [talent acquisition](/tag/talent-acquisition), [trends and predictions](/tag/trends-and-predictions),


While increased college recruiting budgets were widespread for employers in 2022, so were decreases in staffing, according to NACE’s _[2022 Recruiting Benchmarks Report](/mynace/research-reports)_.

The average overall recruiting budget for 2022 increased dramatically, from approximately $550,000 in 2021 to $830,000 in 2022, an increase of 51%. NACE research found increased hiring this past year and this could be associated with the larger budgets

Fifty percent of survey respondents reported increased budgets for 2022, with more than 21% reporting an increase that exceeded 10%.

There is a correlation between the size of company and the size of the recruiting budget. The smallest companies—those with between 1,000 and 2,500 employees—reported an average recruiting budget of $143,300. Meanwhile, organizations with more than 50,000 employees—the largest employers in the sample—reported an average recruiting budget of more than $2.6 million.

In contrast to the increases in recruiting budgets, staffing of recruiting operations appears to be decreasing. The overall average staffing component reported by respondents in this survey is 14.9 employees. This is a drop from 17.9 employees reported in the 2021 survey and 20.1 in the 2019 survey.

However, there was a slight increase in the average number of recruiters—9.0 in this survey compared with 8.5 in the 2021 survey—which indicates that staffing cuts were made elsewhere.

The _[2022 Recruiting Benchmarks Report](/mynace/research-reports)_ explores key aspects of university recruiting, such as the structure, staffing, focus, and execution of the efforts, and provides outcome-oriented benchmarks and metrics. The survey on which this report is based was conducted from May 9, 2022, until June 17, 2022, and was distributed to 816 organizations holding NACE membership as well as nonmembers. There were 183 NACE member respondents, representing 22.4% of eligible member respondents. An additional 27 responses were received from nonmember companies. [The _2022 Recruiting Benchmarks Report_ is available to members through MyNACE](/mynace/research-reports).

![blank default headshot of a user](https://www.naceweb.org/images/default-source/default-album/default-headshot.tmb-.jpg?sfvrsn=56c6d5bc_1)**Kevin Gray** is an associate editor at NACE. He can be reached at [kgray@naceweb.org](mailto:kgray@naceweb.org).


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# DATA BITES

## 70.7%

Percent of responding employers who favor recruiting interns in person

[2024 Internship & Co-op Report](https://naceweb.org/store/2024/2024-nace-internship-co-op-report-dashboard)

## 60.3%

Percent of 2023-24 internships held in hybrid environment

[2024 Internship & Co-op Report](https://naceweb.org/store/2024/2024-nace-internship-co-op-report-dashboard)

## 52.7%

Average percent of eligible interns converted to FTE

[2024 Internship & Co-op Report](https://naceweb.org/store/2024/2024-nace-internship-co-op-report-dashboard)

## 7.7% versus 21.5%

Percent of interns who are Hispanic versus percent of student population that is Hispanic

[2024 Internship & Co-op Report](https://naceweb.org/store/2024/2024-nace-internship-co-op-report-dashboard)

# RELATED RESOURCES

## [NACE Diversity & Inclusion Statement](/about-us/nace-statement-of-diversity-and-inclusion/)

## [Position Statement: Diversity and Anti-Discrimination](/about-us/advocacy/position-statements/nace-position-statement-diversity-and-anti-discrimination/)

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