Five Forecasts for Hiring in 2024

If the past ten years have taught us anything, it’s that a year may bring about a significant change in the appearance of the planet. Given the impending changes in technology, generational dynamics, and sociopolitical environments, the recruitment scene of 2025 might not resemble what it does today. We understand that you’re already considering how AI is altering the landscape, but there are more changes that might completely change the way recruiters find, draw in, and keep talent. These are five forecasts we believe you should be watching in the talent acquisition sector, while we don’t claim to have a crystal ball and nothing is set in stone.

1.Recruiters will create contingent talent pipelines

Approximately 64 million Americans worked as independent contractors in 2023, accounting for 38% of the labour force. There will be no shortage of opportunities for freelancers, temporary employees, and other contingent workers as more businesses look to independent contractors to address labour shortages, fill temporary positions, and save money. There is even a term for this practice of using on-demand personnel to support full-time employees: quiet hiring. It describes how a business can cover key positions without having to hire full-time staff.

However, recruiters now face more difficulties as the number of contingent workers rises. They have to deal with the difficulty of finding contingent talent in the first place in addition to adhering to legislation intended to safeguard the rights of contingent workers. Rewards that entice a full-time employee to accept a position would probably not entice a contract worker to accept one.

Developing measures to foster a culture that helps contract workers feel included is another important aspect of keeping your contingent staff pleased. According to Megan McCann, CEO of Chicago-based recruiting company McCann Partners, look for strategies to maintain the engagement of your contingent workforce. For instance, during the first 30, 60, or 90 days, schedule 30-minute check-ins to find out how their work is progressing and if they have any questions for you. “Establish a rapport with your temporary employees and convey your value to them. Whether they join your team for a single project or work with you on a regular basis, investing in connections with exceptional talent will benefit your team in the long run.

2. The era of skills-first recruiting practices is coming.

In 2023, there was a significant surge in demand for skills-first recruiting, and this year, recruiters will discover innovative and efficient methods to use it. Numerous recruiters concur that the proposal is well-timed, and many can enumerate every advantage. However, changing the way you assess applicants is not simple. Assistance may be on the way for certain organisations that have had difficulty developing their own skills-first strategy.

For instance, Jobs for the Future, a nonprofit, recently won a $3.4 million grant from Walmart to establish employment and learning models that prioritise skills, which may be utilised by other organisations to create their own successful strategies. To help people learn, other businesses—like Comcast—are sharing their best practices.
When assessing candidates based not only on their education and background but also critically on the real-world experiences that make them the best fit for a given role, recruiters will discover their own sweet spots. These range from using AI to identify candidates who possess specific skill sets to developing creative ways to measure competencies on the spot.

  1. DEI programmes are not going away, but they will change.

DEI initiatives will still be important in 2024, albeit they might start to take on new forms. Some businesses are rebranding their diversity, equity, and inclusion programmes with an emphasis on inclusivity in response to what they see as the backlash against DEI. As an illustration: “I think instead of saying, ‘This is a programme for Black employees,’ it would be more like, ‘This is a programme to increase the equity of promotion rates across the firm, and everybody is included to apply to be part of this programme,'” said Porter Braswell, the founder of 2045 Studio, a networking group for professionals of colour, as reported by The New York Times.
In a poll conducted by employment law firm Littler, 60% of executives stated that opposition to DEI initiatives has grown recently, and some businesses have significantly reduced their DEI efforts. However, the majority of respondents stated that their organisations had actually expanded their DEI efforts during the previous year. DEI programmes will remain a useful recruiting tool for organisations targeting Millennials and Gen Zers, who are inclined to confirm that a company appreciates DEI before accepting a job offer.

  1. Talks about salaries will start sooner

It might be the end of the days of having to wait until after multiple rounds of interviews to discuss money. Pay transparency laws have been passed by several states, requiring firms to include compensation information in job advertising among other things. As new state regulations take effect in 2024, more employers will need to consider the implications for their business.
Such data is obviously beneficial to job seekers seeking the most alluring possibilities, but it also aids in hiring. According to a SHRM Research research, 66% of employers who listed salary ranges in their job advertising reported that this attracted higher-quality applicants, and 70% of enterprises reported that more individuals applied for positions within their organisations. It is advisable to discuss money early in the hiring process, even if your state does not have transparency laws: More than half of employees claim that if they didn’t know the wage range, they wouldn’t apply for a job.
Salary negotiating is not a novel approach to hiring; nevertheless, as more candidates gain access to wage ranges, they will be better equipped to assess their prospective worth and if your company values and recognises it. Pay transparency implies that the most successful recruiters will improve their techniques for bringing up wage conversations early in the hiring process and figure out how to inform prospective and current staff about the decision-making process behind pay.

  1. Recruiters will acquire expertise in branding

“Envision a world where talent comes to your door, not only because of what you do but also because of who you are,” writes Andrea Hoffer, the creator of aHa! Talent Experts, based in Florida. “This is the power of a great employer brand—a magnet that draws the most talented employees because of your standing as a top workplace.” Particularly Generation Z expects authenticity from the companies they support, including their employers. Job seekers may easily find out as much as they can about a company they are considering working for thanks to the abundance of information available on social media and other platforms.
Thus, in order to attract Gen Z employees, talent managers need to take employer branding seriously. They should use social media and other platforms to communicate their vision and demonstrate to top talent why their companies would be great places to work. This year, expect recruiters to dedicate more effort to developing innovative approaches that showcase business culture and draw in prospective employees via podcasts, videos, and other digital media. Recruiters may generate their own buzz and even forge new connections with tomorrow’s talent by providing a virtual glimpse into a company’s culture.

Final thoughts….

Our natural tendency is to oppose change when it comes to us. Uncertainty accompanies change, and we must grow and adjust. Recruiters, however, may get ready for the changes this year by being open to trying new approaches. By trying a new approach and being willing to make mistakes, recruiters might discover by the end of 2024 that the impending shift they were dreading really helped them achieve unforeseen success.

 

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