5 Ways HubSpot Managers Keep Teams Motivated Before the Holidays

The holiday season can be a time of year when people are surrounded by family, friends, good food, and traditions. As a manager, you might be excited to get some much-needed rest and relaxation while also wondering how you’ll wrap up end-of-year projects alongside thoughts of celebrations. 

You don’t want to lose your stride with a few days off, but you might be worried that getting too aggressive about deadlines can leave you seeming like the Grinch. 

At HubSpot, a company that makes work culture a priority, our people managers are known for creatively and strategically hitting seasonal goals while still building team morale — especially during the holiday season.

To help prevent your team from hitting the holiday slump, we’ve compiled advice from HubSpotters on how to keep teams on track while still embracing the holidays. 

How to Avoid a Holiday Slump

1. Break down goals into achievable targets, phases, or quotas.

People can have a lot on their minds during the holidays, and having to achieve a certain number of goals by the end of the year can seem daunting and overwhelming. 

To alleviate some stress that can arise during an end-of-year rush, split goals up into phases or steps. Your teams can check off smaller tasks that will contribute to achieving the larger goal, and as each step is completed, they’ll feel like they’ve succeeded and remain motivated to conquer the next phase.

“We all have end-of-year deadlines or goals — and at times — they can look very daunting. We’ve found it helpful to break them down into smaller targets,” says Tara Ryan, former Senior Sales Manager at HubSpot. 

With her sales team, Ryan says she uses monthly and weekly quotas to break down major goals: “Quotas are easier to digest when we break them down into ‘25% attainment by the end of week one,’ ‘50% attainment by the end of week two,’ ‘75% by week three’, and then ‘100%+ by the end of the month.'”

“The process of breaking down goals allows us to measure our progress on a weekly basis and more chances for us to celebrate team wins,” Ryan adds.

When you do set goals, involve your team. Their input will let you know what they’re hoping to accomplish, so you can set realistic goals as a group and discuss how to tackle possible roadblocks. 

“If I know we’re about to enter into a time where it’s easy to slow down, like the summer or holidays, I try to get my group together to brainstorm what we want to accomplish as a group and vote on one goal,” says Caroline Ostrander, a Senior Manager on the Customer Onboarding team.

Like Ryan, Ostrander also embraces the idea of aiming for a limited number of reachable goals rather than trying to achieve everything all at once.

“One goal helps the team focus and prioritize when we might feel unmotivated. [After the vote], I look for one or two volunteers to lead the charge on the goal and find fun and creative ways to keep it top of mind,” Ostrander explains.

2. Prepare for winter weather hurdles with work-from-home protocols.

At HubSpot’s Cambridge, MA headquarters, winter weather is familiar, and we understand how one big snowstorm can really knock us off our schedule. If you live in an area where winter weather can impact your workflow, staying ahead of this hurdle is essential. A great way to do this is to devise a winter protocol for your team. 

Larry Rodman, former Customer Support Manager, suggests asking your team members to take their laptops and work devices home with them if there’s a possibility that your office might close during a storm.

“Always bring everything you need to work home [at the end of the work day; you never know what the weather will be on any given day,” Rodman says.

If you live where winter weather isn’t an issue, it can still be beneficial to consider a work-from-home or hybrid model for the holiday season. It would give your employees more flexibility in how they work during a time when they may want to spend more time with loved ones, even if they do so while working.

The rise in popularity of remote work means that some of your employees might already be working from home or a hybrid model, so you can offer in-office employees the opportunity to take new flexibility during the holidays.

3. Encourage team members to take time off for the holidays.

Your employees have a life outside of work, so aim to encourage your team members to take time off for themselves during the holidays when they don’t work at all. 

“Be transparent and empathetic with your team. Make sure they are comfortable taking time off at the holidays,” says Senior Director of Marketing Amanda Sibley. She encourages her team to share their off days on a shared calendar, but also clearly communicates expectations to ensure people don’t lose steam.

“I ask for 100% effort until they are off,” Sibley says. “I often will say something like, ‘It’s really important to take time off, so I’m glad you all have chosen a week during the holidays! — Until then, in order for us all to relax and enjoy family time, we need to be at 100%, so please focus until that time!”

Encouraging your employees to take time off also has proven psychological benefits. Studies show that it can make people more productive, and when people are removed from environments that they may associate with anxiety, their stress levels can lower. Employees who feel refreshed and less stressed are more likely to come back to work with a clear head, ready to start the year off on a positive note. 

4. Give employees a day or even a few hours for holiday errands.

Even with upcoming time off, people’s minds can wander with thoughts of holiday errands and planning before upcoming celebrations. To help employees remain focused while at work, you can offer additional hours off to prep for the holidays ahead of time. 

“Give time for those who need it to handle the crazy stuff needed for the holidays,” suggests Sibley. “What about a half-day in the middle of the week or in early December to do all their holiday shopping when the crowds are less?”

This tip can be helpful when paired with offering remote work options, as team members can take breaks from work while accomplishing separate tasks. For example, if employees prepare for an at-home celebration, they can take breaks to cross off items on their to-do lists and return to work with a clear head. 

5. Celebrate the holidays — and your team’s accomplishments.

Lastly, embrace the holiday season, celebrate, and end your year on a high note. After all, you and your team have worked hard to achieve your annual goals. 

“Don’t pretend like the holidays aren’t happening. Celebrate with your team,” encourages Senior Social Media Manager Kelly Hendrickson; “Knowing there is a specific time for fun, helps focus that holiday spirit.”

End-of-year celebrations allow teams to bond, review the year’s accomplishments, and show gratitude for one another. The holidays can also be challenging for some people, so creating space to celebrate and spread cheer at work can be a welcome opportunity that boosts morale. 

Aside from general celebration, the most important goal of these events is to have fun and reward your teammates for a year of hard work. When planning an end-of-year meeting, Ryan suggests asking each of your team members to note one individual or group accomplishment that they’re most proud of from the past year. “This is a great chance to remind the team of all the wins you had together over the last 12 months,” says Ryan.

Rodman also says he emphasizes team accomplishments at end-of-year celebrations, explaining that rewarding accomplishments can help to motivate your team even after they return from the holidays.

Get in the Holiday Spirit

It can be easy to forget how fun the holidays are when thinking about end-of-year deadlines. But, as we’ve seen from HubSpot managers above, getting in the holiday spirit will benefit your mood and your team. Don’t be afraid to embrace the pleasantries of this time of year.

Marketing Budget: How Much Should Your Team Spend in 2023? [By Industry]

As a marketer, you’re always pitching new ideas to your team. And you’ve also faced a consistent follow-up question, “How much from our marketing budget do we need to execute?”

Ultimately, being a successful marketer isn’t just about thinking strategically. It’s also about adhering to a strict budget, achieving new levels of growth, and choosing the most cost-effective options for your company.

We’ll explore how you can do these and determine how your budget matches up against competitors. Here’s what we’ll cover:

Why You Need a Marketing Budget
Inside a Typical Marketing Budget
Marketing Budget as a Percentage of Revenue
Marketing Budgets by Industry
6 Expert Tips for Making the Most Out of Your Marketing Budget

Read the full piece for more. You can also learn how HubSpot’s SVP of Marketing will spend a $10 million marketing budget in the podcast below.

Why You Need a Marketing Budget

Today’s marketing landscape is complicated. With recession looming, budget cuts have become common and underperforming marketers quickly fall under the axe. Creating a comprehensive marketing budget is your silver bullet for avoiding these outcomes and having cash to execute your marketing strategy.

Developing a marketing budget also helps you:

Prioritize projects to invest in.
Allocate funds for software purchases.
Compare your year-over-year progress.
Allocate funds for projects in advance.
Justify the importance of specific projects.
Calculate the ROI from your marketing projects.
Show the value of proposed marketing projects to your higher-ups.
Show positive ROI, which can help you get a better budget in the future.
Allocate funds for freelancers and full-time hires who’ll execute your strategy.

Inside a Typical Marketing Budget

Marketing will comprise roughly 13.6% of a company’s total budget in 2023, according to Deloitte’s Annual CMO Survey. That’s up 3.9% from the two previous years.

Image Source

Even with a recession looming, many marketers expect their annual budgets to increase in 2023.

In a HubSpot survey of 1,000 marketers, 47% of respondents reported that their budget would increase. Another 45% expect their budgets to stay about the same in the new year.

Prioritization of marketing channels is also shifting. Traditional advertising will make up less of 2023’s marketing budget, Deloitte reports, shrinking by 0.7%. Instead, marketers plan on spending more money on social media and new media platforms.

For instance, marketers plan to invest the most in Facebook marketing in 2023. While many marketers already have a robust Facebook strategy, 25% of marketers surveyed by HubSpot will invest in the platform for the first time next year.

Further, video will be a bigger investment in many marketers’ budgets. HubSpot found that 91% of markets plan to increase or maintain their investment in YouTube next year.

Meanwhile, on TikTok, 56% plan on increasing their TikTok investment in 2023 — the highest increase of any social media app. Another 34% plan to maintain their current TikTok budget.

Influencer marketing is another lead-generation tactic worthy of investment. According to our State of Marketing Report, 68% of marketers worked with influencers in 2022 and 88% have a dedicated influencer marketing budget.

This trend will continue in 2023. In fact, 89% of marketers plan to increase or maintain their investment in influencer marketing next year. An additional 17% will invest in this marketing tactic for the first time.

We’ve explored how companies intend to spend next year’s budget. Next, you’ll learn how marketing spend relates to a brand’s revenue. Let’s dive in.

Marketing Budget as a Percentage of Revenue

The amount of revenue businesses allocate to marketing has grown over the past 12 years, with the average at 13.8% of overall company revenue in 2022. That’s over 5% growth since 2011.

B2B product industries allocate, on average, roughly 7.8% of revenue to marketing. This is similar to B2C services (6.5%) and B2B services (5.9%). B2C Product allocates the highest amount at 15.1% of total revenue.

Small businesses are also spending. In a survey of 85 small business owners and marketers, 52% said they’re spending $5–$15,000 per month on marketing.

Image Source

Decisions related to marketing budget allocation remain largely industry specific. To determine more accurate insights for your business, let’s explore marketing budgets by industry.

Marketing Budgets by Industry

Deloitte recently did a survey showing the percentage of revenue industries should spend on marketing. Here’s the data.

INDUSTRY

MARKETING BUDGET

(% OF COMPANY REVENUE)

Banking, Finance,

Insurance, and Real Estate

8%

Communications media

10%

Consumer packaged goods

9%

Consumer services

6%

Education

3%

Energy

1%

Healthcare

18%

Manufacturing

13%

Mining and construction

3%

Retail wholesale

14%

Service consulting

21%

Technology

21%

Transportation

6%

As a marketer, it’s important you use these percentages as benchmarks, especially for industries allocating low marketing budgets.

If your industry is reluctant to spend on marketing initiatives, that’s an opportunity for your team to shine.

Once you convince the higher-ups about what you need to execute your top strategies, you’ll easily outshine others in your industry and make your company a reference for how other teams should do marketing.

6 Expert Tips for Making the Most Out of Your Marketing Budget

1. Understand your customer journey.

A customer journey is not as straightforward as Googling a term, jumping on an email list, and then converting. The journey is full of twists and turns.

Figuring out how your customers go from product awareness to purchase varies among industries. What works for B2B brands may not work for B2C, or for small businesses.

This is why David Hoos, B2B performance marketing manager at The Outloud Group, says you should take time to understand your customer journey before spending a dime of your marketing budget. If you invest in this research first, you’ll uncover:

What channels to spend your budget on.
What platforms to reach your target audience.
What messages will resonate with them.
What creative will entertain and educate them.
What solution will convert them.

Understanding your customer journey is key to unlocking the highest ROI efforts. Done right, this guarantees the best use of your marketing budget.

2. Hire a marketing agency where needed.

It may be difficult to oversee multiple marketing projects without help — even when you have an in-house marketing team.

Besides the time required to hire, train, and onboard a team, you’ll pay salaries and offer some benefits. All this might be a stretch if your budget can’t cater to a huge team or if you don’t have the time to supervise them. This is where marketing agencies come in.

While agencies aren’t cheap, they eliminate some of these challenges and they can function as an extended arm of your team. Partnering with marketing agencies also gives you access to a team of specialists who may help you hit your goals faster and won’t waste your marketing budget.

3. Get an in-house marketing team.

Relying on an agency to run all of your projects isn’t the wisest use of your marketing budget. Marla Malkin, vice president of marketing and strategic partnerships at Attivo ERP, agrees.

4. Invest in content repurposing and updating.

Charlie Southwell, marketing director and SEO specialist at Let’s Talk Talent, notes that creating unique and valuable content is expensive. For this reason, Charlie’s team tries to repurpose everything they create.

Their first step is to produce evergreen content that’ll remain valuable for at least two years. After creating these assets, the team repurposes and promotes them in multiple content formats.

If you have published some evergreen assets a while back, consider updating them. Besides providing current info for your audience, a content update may make your pieces move up the SERPs.

The best part about content repurposing and updating is the leeway to re-promote your assets multiple times a year. In Charlie’s words, “Not doing this is a missed opportunity that prevents content from getting enough mileage and maximizing value from your marketing budget.”

5. De-prioritize underperforming channels.

Understanding the channels that drive the most revenue for your business is critical to marketing budget optimization.

Businesses should constantly assess their campaigns to uncover those that underperform, As says Sidharth Kumar, director of product marketing at Exoprise Systems. Doing so will help optimize spending in the right direction and phase out campaigns that don’t generate any ROI.

If you have data suggesting some underperforming channels might still work, use those channels for experimentation and apply the 70-20-10 rule when budgeting for them.

Here, 70% of your marketing budget goes to proven strategies, 20% goes to new strategies, and 10% goes to experimental strategies, which could highlight opportunities for future growth.

6. Constantly re-evaluate your marketing strategy.

A marketing strategy that’s done right will have objectives and key results, which follow the SMART framework. This is important for budget optimization, as SMART goals and metrics help you track progress and identify channels and campaigns that work.

“Constantly reviewing and re-evaluating your marketing strategy helps you know when to stay the course or pivot,” says Thomas Simon, marketing manager at Monitask. “It also lets you use effective tactics and not blindly follow a particular plan without the data or results to back your decision.”

But how often should you do a review?

Corey Haines, co-founder of SwipeWell, recommends marketers do a biweekly or monthly review of budget allocation. “Regular reviews help you cut unnecessary spending, reallocate to high-performing campaigns, and decide when to increase or decrease variable costs like ad spend,” Corey says.

Manage Your Marketing Budget the Right Way

Now that you know the typical percentage of a marketing budget by percentage and revenue the next step is to learn how to manage your marketing budget.

Check out our guide to managing your marketing budget to refine your strategic plan for 2023.

Editor’s Note: This post was originally published in March 2021 and has been updated for comprehensiveness.

How to Easily Manage Customer Data Across Multiple Apps

Wouldn’t it be nice if customer data management were easy? Are you longing for a world where your contact’s email, conversion date, and who on your team spoke with them last are readily accessible?

If that’s the case, you’re not alone. Managing customer data can get messy, especially if your business uses multiple apps.

However, putting your customer data in order is easier than you think, even if it is in a state of chaos. In this post, you’ll learn how to keep your customer data organized, clean, and up-to-date across all your apps.

In this post, we’ll cover:

What is Customer Data Management?
Benefits of Customer Data Management
Where Customer Data Lives
Best Practices of Customer Data Management
Managing Customer Data: Data Types

Let’s dive in.

Benefits of Customer Data Management

Customer data is one of the most valuable assets in your organization. Intelligent customer data management will improve your customer experience and ultimately help your business grow and increase revenue. See of biggest benefits of customer data management below.

1. Improved Customer Experience

Customers may interact with sales, marketing, support, admin, or billing when dealing with your business. A well-implemented customer data management strategy makes all your customer data transparent to all departments, allowing you to personalize customer interactions at every touch point.

In 2020, 87% of customers felt that brands need to put more effort into providing a consistent experience. CDM helps you do that.

2. Compliance

Depending on where you do business, compliance laws govern how customer data should be collected and used. An intelligent customer data management strategy will ensure that you remain compliant and avoid hefty fines.

3. Eliminating Data Silos

Data silos are customer data segments that are controlled or only visible to one department or business unit. Managing customer data facilitates data transparency and accessibility among all groups that need it. This benefits both the customer and your business.

4. Improved Audience Targeting

A seamless customer data management process is sure to make your marketing department smile. With all your customer data organized in one place, your team can make improved marketing decisions on ads and social media posts based on audience segments gleaned from your customer data.

5. Squeaky Clean Data

Establishing a precedent of customer data management benefits all your internal teams. Keeping the data your company frequently analyzes organized makes life easier for all your departments and improves your bottom line.

Where Customer Data Lives

Customer data may be stored across several different apps, including but not limited to your:

CRM
Customer support software
Customer satisfaction survey platform
Live chat
Social media inboxes

If these systems are siloed or disconnected, you risk inconsistent data and poor customer experiences.

For the most seamless customer data management, your apps must seamlessly communicate data back and forth.

Best Practices for Customer Data Management

1. Create a single view of your customers and prospects.

“The number one thing you can do to set your organization up for success when it comes to managing customer data is to strive toward a single view of your customers and prospects (i.e., having a single, accurate record for each customer),” Duggan-Herd says.

Even if you have information coming from many different apps, your team should strive to create one place where you can see an aggregation of this customer data. To do so, you may need to invest in technology, including a CRM, customer data platform, or data management platform.

Implementing one of these solutions will allow you to “identify and resolve duplicate or incomplete records, and records with conflicting information,” Duggan-Herd explains. The ease of data management will make implementing a new software well worth the time.

2. Keep clean, accurate data in each app.

Your customer data is the sum of its parts. Therefore, it is crucial to keep the data in each app fresh and reliable. That means ensuring all records are up to date, consistent across apps, and free of errors or duplicates.

“One tip for ensuring customer data accuracy is to validate records as they come in,” suggests, Duggan-Herd. “A simple way to do this is by enforcing a CAPTCHA and implementing a confirmed opt-in process.”

Managing customer data is an ongoing process. You’ll need to perform regular quality checks to ensure your data is immaculate, giving your teams consistent access to valuable insights.

3. Use segmentation for clear organization.

Segmenting your customer data is the process of dividing your customer data into segments using common characteristics. Proper customer data management makes it simple to create customer segments and begin honing in on your customer personas.

Using contact management software or a CRM, you can store customer contact records with identifying information like name, email, company, region, etc. You can also create custom fields that fit your business needs and allow you to create customer segments.

For example, using your customer data, you can create a customer segment for contacts in the U.S. who have signed up within the previous six months. You can use this segmentation to target customers with personalized messaging that aligns with their needs and customer journey. Perhaps you want to message new customers in the U.S. with a discount deal for a premium add-on. Proper CDM and segmentation make that dream reality.

4. Sync data both ways.

Your apps must communicate customer data back and forth. If your apps can’t sync customer data, you’ll end up with data silos, which you know we aren’t a fan of. Some software offers built-in integrations that connect disparate apps and allow them to share data, which is pretty nice.

If you have two apps that don’t share a native integration, you can look to a trigger-action automation solution like Zapier, which acts as a middle-man between two apps. For example, you can set up a Zapier automation that triggers when a new contact joins your email list. Zapier will create a new contact in your CRM software with all the information gathered from the email sign-up.

However, our favorite solution is a two-way sync. A two-way sync solution mirrors the data between two apps and seamlessly updates customer data in one app when it is changed in another. We love this solution because it reduces the possibility of data disparity from an integration glitch or a Zapier trigger that failed to fire.

Two-way sync is the most reliable way to make your data readily accessible to all your teams across your entire app stack.

5. Keep it simple.

It’s always a good idea to keep things simple, and customer data management is no exception. Here’s what we mean.

Standardize data organization. Consolidate your data fields as much as possible. For instance, having one property for “Industry” rather than overlapping properties for “Sector,” “Business type,” and “Industry.”
Decide which data to sync. Rather than syncing everything, figure out the crucial, value-adding data that provides the most insight for your teams and sync that.
Create transparent processes and documentation. For adding, editing, and viewing customer data to make life easy for you and your colleagues.

With a two-way data sync between the apps that hold your customer data, you can give your team access to up-to-date and correct customer data everywhere and provide a five-star customer experience.

Managing Customer Data: Data Types

Managing customer data is instrumental in keeping your records clean and creating positive, personalized customer experiences. Here are the types of data to consider when crafting your CDM strategy.

Identity Data

Identity data includes attributes that tell you who the customer is. This is typically information that a customer will submit to you via a form. That includes:

Name.
Email.
Address.
Phone Number.
Date of Birth.
Job Title.
Annual Income.
Martial Status.
Education.
Website visits.
Emails opened.
Customer support logs.
Time spent on page.
Products left in shopping cart.

Attribute Data

Attribute data gives a more specific look into the characteristics of your customers. That includes:

Behavioral Data

Behavioral data is gleaned from direct interactions with your customers via your website. Behavioral data is very important and can give insight into your customer’s needs without them having to tell you explicitly. This data often includes:

Create a customer data management strategy.

The amount of customer data available to you can be overwhelming. You’ll want to define which data points are most valuable to you, instead of compiling every single data point into a hefty and difficult-to-analyze pool.

When creating your customer data management strategy, you’ll want to research what data is most critical to improving customer interaction and internal analysis. Start by focusing your efforts on that.

Soon, you’ll be on your way to gathering — and using — clean, complete data.

How the Potential Recession is Already Impacting Hiring Plans in Marketing [New Data]

Early this year, conversations surrounding an upcoming recession started making headlines. Then, we saw mass layoffs and hiring freezes happening, particularly in the tech world.

According to our 2023 Marketing Strategy Report, 48% of global marketers say the potential for an economic downturn or recession has affected their company’s hiring plans in 2022.

The report also suggests that this impact will continue into 2023. In this article, we’ll cover:

How the Recession Has Impacted Hiring So Far
How the Recession Will Impact Hiring in 2023
Which Roles Remain Popular & Which Ones Have Lower Demand
Which Companies and Industries Are Most Impacted

How The Recession Has Impacted Hiring So Far

Based on our report, we know that nearly half of marketers globally say the current economy has impacted their hiring plans for the year. The question is how.

The report suggests that marketers already struggle with hiring top talent, with 47% of respondents saying it’s one of their biggest challenges. More specifically, respondents say the biggest roadblocks are finding candidates with the right skill set and meeting salary expectations.

The recession has only exacerbated an existing issue. Here are some standout figures:

35% of respondents say they had to slow down or pause hiring efforts.
27% of respondents say their company had to fire or lay off employees.
26% of respondents say their company had to rescind offers made to prospective employees.

When asked in the Fall of 2022, “How long do you expect hiring efforts to be slowed or paused at your company?” 43% estimated four to six months while 27% said over seven months.

This indicates that many companies will be experiencing hiring freezes well into the new year.

It’s worth noting though that the recession hasn’t impacted all companies in the same way. The report shows that some companies actually increased hiring, according to 34% of marketers surveyed.

One interesting finding is that companies that describe their marketing strategy as effective are nearly 20% more likely to increase their hiring efforts in 2023.

How The Recession Will Impact Hiring in 2023

According to our report, 10% of marketers still anticipate struggling with hiring top talent in 2023. And 42% of respondents say the recession will affect their hiring plans next year.

How exactly? 35% say they will have to slow or pause hiring efforts. In addition, 24% of respondents say their companies plan to fire or lay off employees.

However, mirroring the 2022 outlook, many companies – 48% –plan on increasing hiring efforts, suggesting that not all industries are being impacted negatively by the economic downturn.

Which marketing roles will be impacted by a potential recession in 2023?

Every company weighs roles differently. Depending on their business goals, companies will place more importance on some roles versus others.

We were interested in finding out if there was a lot of overlap across industries with the roles they chose to invest in most or least in 2023.

Here’s what we found out: Two roles for which companies plan to decrease their recruitment efforts the most are: General marketing managers and acquisition marketing managers.

Given the economic climate, companies may be focused more on retention rather than acquisition, explaining the shift away from this role. As for the general marketing manager role, one theory is that companies rather invest in specialized roles that can offer quicker results.

Conversely, when asked about which roles they plan to increase their increase efforts, the top three were:

SEO strategist
Marketing data analyst
Creative director

Which companies and industries will be most impacted?

We’ve mentioned throughout this article that no two companies are impacted the same way during an economic downturn.

Our report shows that companies in the Media and Entertainment industry are most likely to decrease hiring efforts in 2023, 13% more than other industries.

83% of respondents in that category say that the potential for an economic downturn or recession will lead to a decrease in hiring efforts in 2023. Among those surveyed, those working in government and ecommerce show the lowest potential for a decrease in hiring efforts.

Meanwhile, we’re seeing the highest numbers for increases in hiring efforts in these five industries:

Defense and aeronautics
Government
eCommerce
Chemicals and metals
Advertising or marketing

There also seems to be a correlation between a company’s size and its hiring plans. According to our report, companies with large marketing teams (201 to 500 marketers) are 20% more likely to increase their hiring efforts in 2023.

There’s still so much unknown surrounding the current economy. However, our report suggests that many companies are taking a conservative approach to hiring in 2023 in preparation for difficult financial times.